A foreign currency dealer counts US dollars at a shop in Karachi, on May 19, 2022. — AFP/FileMusadaq Zulqarnain, a Pakistan Business Council member, said that the $5bn aid from friendly countries may ease short-term pressures but is not in Pakistan’s long-term…
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SBP holds policy rate at 11.5% as Mideast tensions stoke inflation fears
An undated image of the State Bank of Pakistan building in Karachi. — AFP/File
The State Bank of Pakistan on Monday kept its policy rate unchanged at 11.5%, as rising global oil prices and renewed hostilities in the Middle East fuel concerns over inflation.
The…
Pakistan tops global equity rankings in US dollar returns
Brokers are busy in trading at Pakistan Stock Exchange in Karachi on Wednesday, November 27, 2024. — PPIBloomberg ranks Pakistan best performer in two-year gains.Pakistan outperforms India, China in regional market standings.Moody’s upgrade, reforms bolster Pakistan’s…
$250m funding to boost Pakistan and regional glacier-fed agriculture under ADB project
A yak grazes in front of snow-covered mountains, in an area that has been badly affected by flood-related incidents, near to the Gamoo Bhr glacial lake and Darkut glacier, Darkut village, near Gilgit-Baltistan, on October 11, 2023. — Reuters Project covers Pakistan, Central Asia…