A worker pulls a loaded handcart down a street at a wholesale market in Colombo, Sri Lanka, July 4, 2023. — AFP COLOMBO: Consumer prices in Sri Lanka fell 2.1 percent in November, the highest rate of deflation recorded by the economically fragile island nation since 1961, according to official data released on Saturday. An … Read more
An Indian petrol pump employee counts Indian currency in Siliguri. — AFP/file NEW DELHI: India’s economic growth slowed to 5.4% year-on-year in the September quarter, official data showed on Friday, a significant decline from 6.7% in the previous quarter. Friday’s figure still places the world’s most populous country among the world’s fastest-growing major economies, but … Read more
Federal Minister for Energy Sardar Awais Ahmad Khan Leghari. — APPLICATION/File Federal Energy Minister Awais Leghari said on Friday that negotiations with 11 other independent power producers (IPPS) were currently underway to reduce electricity tariffs. While briefing on the ‘Bijli Sahulat package’, Laghari said the government had terminated power purchase agreements with five IPPs, a … Read more
A stockbroker takes a photo with his mobile phone after the Pakistan Stock Exchange made history by surpassing the 100,000 mark, November 28, 2024. — INP Investor optimism is attributed to rising foreign exchange reserves. The banking sector continues its upward momentum, closing up 1.8%. The government’s unwavering commitment to reforms has also boosted confidence. … Read more
Brokers monitor the latest stock prices at the Pakistan Stock Exchange (PSE) in Karachi, July 3, 2023. — AFP Despite the political noise and economic worries that make headlines every other day, the Pakistan Stock Exchange (PSX) broke all previous records and touched an all-time high of over 100,000 points on Thursday. The PSX’s benchmark … Read more
A worker walks past the headquarters of the Asian Development Bank (ADB) in this file photo. -Reuters Influx to help increase the country’s import coverage and stabilize the rupee. Aims to foster Pakistan’s perseverance in the face of disasters. The SBP’s foreign exchange reserves stood at $11.42 billion as of November 22. The central bank … Read more
Muslim pilgrims tour the Kaaba and pray at the Grand Mosque in the holy city of Mecca, Saudi Arabia, July 1, 2022. — Reuters To facilitate citizens, the State Bank of Pakistan (SBP) has announced that designated banks will remain open on Saturday, November 30 and December 1 to receive applications for Hajj 2025 across … Read more
A TORC Oil & Gas pump jack is seen near Granum, Alberta, Canada, May 6, 2020. — Reuters Tariffs could harm American consumers, industry warns. Canadian and Mexican producers would turn to Asia. Analysts doubt Trump’s tariffs will pass. Oil producers in Canada and Mexico will likely be forced to cut prices and divert supplies … Read more
A stockbroker reacts while monitoring the market on the electronic board displaying stock prices during a trading session at the PSX, in Karachi, July 3, 2023. — Reuters The Pakistan Stock Exchange (PSX) surpassed the 100,000 point mark on Thursday, marking a historic high and reflecting strong investor confidence, driven by positive economic indicators. The … Read more
A person counts dollar bills in this illustrative image taken on May 30, 2022. — Reuters Pakistan receives $259 million from bilateral creditors. Multilateral creditors pay $721 million to Islamabad. $19.39 billion in foreign loans planned for the current fiscal year. ISLAMABAD: In its attempt to address the various challenges facing the economically cash-strapped country, … Read more