STABLE CURRENCY: Pakistani rupee closed at 277.90 on Thursday, up Rs0.01 from Wednesday’s close at 277.91, while the US dollar largely stabilised globally amid renewed US-Iran tensions. PHOTO: FILE KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves increased by $33 million during the week ended July 17, reaching $17,258.6 million, the central bank…
Minister invites tech giant to engage with digital economy agenda, trade associations ISLAMABAD: Commerce Minister Jam Kamal Khan has welcomed Meta’s initiative to train 1,000 Pakistani small and medium-sized enterprises in digital business and artificial intelligence, while inviting the company to engage with Pakistan’s digital economy agenda, according to a statement on Thursday. The minister…
Finance minister thanked the Fund for recognising Pakistan’s programme ownership and reform progress Finance Minister Muhammad Aurangzeb speaks during a Reuters interview at the 2025 annual IMF/World Bank Spring Meetings in Washington, DC, US, April 25, 2025. Photo: Reuters/ File WASHINGTON: Finance Minister Muhammad Aurangzeb held a series of meetings with the senior management of…
KARACHI: The Pakistan Stock Exchange (PSX) extended its recent losses in morning trade on Friday, with the benchmark KSE-100 Index falling 1,264.14 points, or 0.74 percent, to 170,475.30 by the time the market was suspended for Friday prayers. The index opened on a weaker note and briefly touched an intra-day high of 171,208.55 before sliding…
Centre will integrate manufacturing tech, applied research to improve product quality ISLAMABAD: A Memorandum of Understanding has been signed to establish Pakistan’s first-ever Center for Industrial Innovation and AI (CIINAI) at the National University of Technology (NUTECH), Islamabad, according to a statement on Thursday. The MoU was signed between the Pakistan Industrial Development Corporation (PIDC),…
The sun sets behind oil pumps outside Vaudoy-en-Brie, near Paris, France, March 18, 2026—REUTERS Brent oil prices hovered above $100 per barrel on Friday while heading for their fourth week of gains, driven by concerns about disrupted energy flows in the Red Sea and fears of further escalation in the US-Israeli war on Iran. Brent…
KARACHI: Pakistan’s push to convert some of its diplomatic goodwill with the Trump administration into economic support has drawn scepticism from economists, who say fresh financing will do little to address the reforms Islamabad is required to pursue. During a visit by Finance Minister Muhammad Aurangzeb to Washington this week, he requested a $10 billion…
EU’s GSP Plus for Pakistan. PHOTO: FILE ISLAMABAD: Pakistan on Thursday expressed “disappointment” over the European Union’s latest GSP+ assessment, saying the report failed to present a balanced picture of the country’s progress. “I would be remiss if I do not express disappointment with the assessment and the report’s overall narrative, which does not present…
Latest increase takes petrol to Rs331.52 per litre and HSD to Rs378.66 under the new system A petrol pump in the federal capital seen in this undated image. —FILEPHOTO The federal government on Thursday increased the prices of petrol and high-speed diesel (HSD) by Rs4.40 and Rs3.62 per litre, respectively, for July 24. According to…
KARACHI/PAKISTAN: Standard & Poor’s raised Pakistan’s credit rating by a notch to B on Wednesday, citing improved political and institutional stability that helped implement tough reforms. Political stability has bolstered the government’s capacity to implement reforms. On July 22, 2026, S&P Global Ratings raised its long-term sovereign credit rating on Pakistan to B from B…