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10% Hajj quota surrendered to Riyadh
ISLAMABAD: Pakistan on Monday decided to surrender 10% of the government’s Hajj quota to Saudi Arabia and approved the provision…
Client, their prosperity big motivators for microfinance bank
KARACHI: Realising the growing need to cater to financing requirements of underserved individuals and small businesses at micro…
Is banking system at risk?
ISLAMABAD: International markets have been shaken by the recent bank failures in the United States, Switzerland, and Lebanon. The…
Understanding bank run, consequences for economy
KARACHI: As the world tries to limp onwards from the Covid-induced supply chain challenges, economies are going into overdrive and…
CPEC Authority: a game changer for Pakistan’s future?
ISLAMABAD: China is currently focused on revitalising the Belt and Road Initiative (BRI), which was expected following the…
‘Pakistan always supported use of RMB’
BEIJING: Pakistan and China have pledged to deepen their economic ties, with Pakistan signalling its support for China’s efforts…
Rupee recovers nearly Rs3.5 over Saudi assurance
KARACHI: Pakistani currency got the much-awaited support and hit a one-week high beyond Rs285 to a dollar on Thursday after…
Dar pulls out of WB-IMF spring meetings
ISLAMABAD: In a major development, Finance Minister Ishaq Dar has cancelled his visit to the United States where he was scheduled…
ECC approves Rs300m for repair of public buildings
ISLAMABAD: The government on Wednesday sanctioned a budget of Rs300 million for the renovation of its buildings and adopted new…
Parco on verge of closure as diesel stocks jump
ISLAMABAD: As the smuggled Iranian oil floods Pakistan’s markets over weak government control due to dollar shortage, diesel…