IMF Managing Director Kristalina Georgieva speaks during a press briefing during the 2024 Spring Annual Meetings of the IMF and the World Bank in Washington, United States, April 19, 2024. — Reuters Higher interest rates persist, affecting global economic stability. Diverging regional growth trends highlight uneven recovery trajectories. The IMF warns of rising financing costs … Read more
SBP Governor Jameel Ahmad addresses a press conference in this undated photo. — AFP/File Ahmed says the country’s actual external debt stands at over $100.08 billion. “Controlling external accounts to pave the way for economic growth.” The SBP governor expects remittances to exceed $35 billion this year. KARACHI: State Bank of Pakistan (SBP) Governor Jameel … Read more
A currency dealer counts US dollars at a store in Karachi, May 19, 2022. — AFP/File The rupee ends the week at 278.56 against the US dollar on Friday. It will remain stable thanks to the IMF program: report. The currency will move in tight ranges over the next few sessions. KARACHI: Thanks to healthy … Read more
When asked if he had turned off his mobile phone, writer-director Werner Herzog said: “I don’t have a mobile phone. I don’t have to turn off anything. I just want to live and have a real conversation with a real person.” Herzog got his wish: a real conversation not long ago at his home in … Read more
A man uses a mobile phone to take a photo of the electronic board displaying stock prices during trading at the Pakistan Stock Exchange in Karachi. — AFP/File The KSE-100 index hit an intraday high of 109,478.08 points. The benchmark index crossed the 100,000 mark seven days ago. The rally continues after the refinancing of … Read more