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No Change in Pakistan’s External Financing Requirements: IMF

The International Monetary Fund (IMF) has said that there is no change in Pakistan’s external financing requirements for the revival of the bailout program.In a statement, IMF’s Resident Representative in Pakistan Esther Pérez Ruiz denied media report…

Price of Gold in Pakistan Registers Huge Decrease

The price of gold in Pakistan decreased for the second straight day on Friday to settle at Rs. 230,800 per tola.According to the data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) decreased by R…

Price of Gold in Pakistan Witnesses Biggest Single-Day Increase

The price of gold in Pakistan witnessed one of the biggest single-day increases on Wednesday to reach a new all-time high.According to the data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) went…

Defaulter Hascol Non-Compliant with PSX Rules

The Pakistan Stock Exchange (PSX) informed investors in a public notice on Monday that Hascol Petroleum Limited (PSX: HASCOL) has failed to hold its annual general meeting and has not submitted its annual audited financial statements for the calendar …

China Raids Offices of Business Consultancy Capvision

China’s chief foreign intelligence agency has raided the offices of business consulting firm Capvision in Beijing and other Chinese cities as part of an ongoing crackdown on foreign businesses that provide sensitive economic data.Foreign companies ope…

Govt to Pay Rs. 300 Billion to CPEC Power Companies Next Month

The government of Pakistan has decided to clear the outstanding dues of Rs. 300 billion, owed to Chinese independent power producers (IPPs) in July with the Chinese Foreign Minister visiting the country.The issue was raised by China’s Charge d’ Affair…

Masood hosts Pak Businessmen attending ‘Select USA Summit’

A group of 19 business leaders and entrepreneurs from Pakistan have attended ‘Select USA Investment Summit’ held in Washington D.C.The largest ever Pakistani delegation attending this year’s summit represented a range of businesses including clean ene…

Pakistani central bank’s forex reserves fall 6 mln USD

The State Bank of Pakistan (SBP) has said its foreign exchange reserves had decreased by 6 million U.S. dollars.During the week ending on April 28, the total foreign exchange reserves of the Pakistani central bank fell to around 4.5 billion dollars, th…

ADB President Reaffirms Support to Pakistan

Asian Development Bank (ADB) President Masatsugu Asakawa in his meeting with the Pakistani delegation led by Dr. Kazim Niaz, Secretary, Economic Affairs Division (EAD), reaffirmed ADB’s continued support to Pakistan. The meeting took place on the side…

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