The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Washington, U.S., April 21, 2017. REUTERS ISLAMABAD: The ongoing Middle East conflict is likely to create a significant economic slowdown and heightened risks across the MENAP region, IMF Resident Representative Dr Mahir Binici said at an outreach session at the Sustainable…
US stock indexes rose, while most major European markets were closed for holidays SYDNEY/LONDON: Global shares steadied on Friday with investor focus staying on currency markets, after the yen briefly jumped against the dollar for a second straight day. The dollar lost as much as 1% against the yen in a matter of minutes on…
ISLAMABAD: The government has become active again amid the US-Iran conflict, taking measures to implement the new oil refinery policy to make the country self-sufficient in oil supplies. The Special Investment Facilitation Council (SIFC) is pushing the relevant ministries to resolve the General Sales Tax (GST) waiver issue. Owing to the GST concession, refineries and…
ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan held a virtual meeting with South Korean Trade Minister Yeo Han-koo to strengthen trade ties, advance negotiations on the Comprehensive Economic Partnership Agreement (CEPA), and enhance investment cooperation. Secretary Commerce Jawad Paul and senior officials from both sides also participated in the meeting. At the outset, the…
ISLAMABAD: Federal Minister for Communications Abdul Aleem Khan paid tribute to millions of labourers on International Workers’ Day, stating that Islam places a sacred duty on employers to pay workers their wages ‘before their sweat dries’, according to an official statement issued on Friday. Aleem Khan said the working class is the backbone of human…
Pakistan's stock market came under renewed pressure during the outgoing week, as escalating geopolitical tensions between the US and Iran and a sharp surge in global oil prices triggered broad-based selling, pushing the benchmark KSE-100 index down by 4.5% week-on-week (WoW) to 162,994 points. On a day-on-day basis, the Pakistan Stock Exchange (PSX) commenced the…
LAHORE: Pakistan’s macroeconomic conditions are showing signs of stabilisation, supported by a moderate growth recovery and improved external buffers, though the outlook remains fragile amid inflationary pressures and global uncertainties. Within this environment, the more critical issue lies in the allocation of private-sector credit rather than its overall availability, says ICMA Research and Publications. In…
Says 100b dollars were invested on plants to built automobiles on US soil under MAGA initiative US President Donald Trump speaks during a press conference in the James S Brady Press Briefing Room at the White House in Washington, DC, US April 6, 2026. REUTERS United States President Donald Trump on Friday said he would…
Stresses regulatory system to boost investor confidence in digital economy sector in meeting with PVARA chairman Minister of State and Chairman Pakistan Virtual Assets Regulatory Authority Bilal bin Saqib calls on Prime Minister Shehbaz Sharif on Thursday. Photo: PMO Prime Minister Shehbaz Sharif on Friday directed the early and full operationalisation of an effective, internationally…
KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $730 million during the week ended April 24, 2026, supported primarily by Eurobond proceeds. According to data released on Thursday, the SBP’s reserves climbed to $15.83 billion, reflecting an improvement in the country’s external liquidity position after recent pressure when…