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Record recovery: Rupee surges 9.5% against dollar
KARACHI: In a dramatic turn of events, the Pakistani currency experienced a historic recovery of 9.5%, or Rs27, against the US…
LPG becomes cheaper by Rs37 per kg
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Thursday made a substantial reduction of Rs37.13 per kg in the price of…
Govt scrambles as IMF rejects Pakistan’s loan request
ISLAMABAD: A cabinet member revealed on Thursday that the International Monetary Fund (IMF) has rejected Pakistan’s request to…
PM aides appointed to Parco board
ISLAMABAD: The government has appointed two independent directors to the board of Pak Arab Refinery Limited (Parco) in a dubious…
Rupee recovers sharply in open-market trade against USD
KARACHI: Pakistani currency made a remarkable recovery of almost 5.5%, or Rs16, in a single day to a one-week high at Rs295…
IT exports to Africa to hit $1b in two years: experts
KARACHI: Pakistan’s IT industry has the potential to achieve $1 billion in exports to Africa within a couple of years, according…
Banks allowed to buy dollars from inter-bank
KARACHI: In an apparent move to address IMF’s concerns that the government is controlling rupee-dollar exchange rate, Pakistan’s…
ECNEC approves Rs1.2tr development projects
ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) on Wednesday gave its approval to a comprehensive…
PIA suffers Rs38b loss in first three months of 2023
KARACHI: The Pakistan International Airlines (PIA) suffered a loss of Rs38 billion in the first three months of this year -- 171%…
Pakistan keen to cut a ‘new’ IMF deal
ISLAMABAD: Amid a stalemate on securing a bailout from the International Monetary Fund (IMF), Prime Minister Shehbaz Sharif has…