People walk past an installation depicting barrel of oil with the logo of Opec during the COP29 United Nations climate change conference in Baku, Azerbaijan. — Reuters/FileOpec+ statement follows online meeting of members.Meeting comes after UAE announced exit from Opec+.Move aimed at…
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PSX extends losses amid IMF delay, widening trade gap
Brokers are busy in trading at Pakistan Stock Exchange in Karachi on Wednesday, June 4, 2025. — PPIKSE-100 Index closed at 158,443.42 points, down 4,654.77 points, or -2.85%.Session low was recorded at 158,067.92, decline of 5,030.27 points, or -3.08%.Index recorded an intraday high…
SBP sees growth below target, inflation to rise amid currency strain
State Bank of Pakistan building in this undated image. — AFP/FileReserves may reach $17.5bn by June.Inflation could exceed target by April–June.NA panel told growth to remain below 4.2%.
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Pakistan, IMF to revise budgetary targets in light of floods’ aftermath
A man guides his herd of buffaloes along a partially submerged road in a flooded area, following monsoon rains and rising water levels of the Indus River, in Siyal village in Dadu district, Sindh province, Pakistan, September 12, 2025. — ReutersFBR’s tax target likely to be lowered…