WASHINGTON: International Monetary Fund (IMF) has approved to make available a $1.1 billion loan for Pakistan which will be released in 2 installments. According to the finance ministry the loan was approved in Excutive board meeting of IMF in Washington. … read more
Sameer Nazir KARACHI: Yakoob H. Karim, President, Lasbela Chamber of Commerce and Industry (LCCI) has stressed upon the authorities for completion of the second lane of Lyari Expressway in shortest possible time, as it has taken a long time since … read more
The Karachi Stock Exchange benchmark index fell sharply on Tuesday after a terrorist attack in Peshawar left more than 130 people dead. The KSE-100 Index dropped 2.57% to close at 30,876 points, which constitutes the biggest drop in the benchmark … read more
SINGAPORE: Oil prices sank further in Asia Friday, with analysts warning of little respite from the selling after plunging more than 40 percent since June. US benchmark West Texas Intermediate (WTI) for January deliver was down 66 cents at $59.29 … read more
KARACHI: The total liquid foreign reserves held by the country stood at 13, 922.4 million dollars on December 5, 2014. Giving a break up of the foreign reserves position, a statement of Central Bank issued here on Thursday said that … read more