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ISLAMABAD: The Federal Cabinet on Wednesday gave the green light to a long-awaited agreement between the Government of Pakistan (GoP) and around 18 commercial banks for a significant Rs 1.275 trillion loan, following rigorous negotiations over each clause. According to sources in the Power Division, the loan is intended to
KARACHI: The Pakistani rupee saw a slight decline against the US dollar on Tuesday, slipping by 0.08% in the interbank market. By the end of the trading session, the local currency closed at 283.41, down by Re0.24 compared to the previous close of 283.17 on Monday. Globally, the US dollar
KARACHI: Pakistan’s current account posted a surplus of $1.8 billion during the first 11 months of the ongoing fiscal year (FY25), mainly driven by strong inflows of workers’ remittances. This surplus came despite a gradually widening trade deficit, fueled by a growing import bill and sluggish export performance. The steady
KARACHI: The Pakistani rupee declined against the US dollar on Friday, slipping by 0.10%. By the end of the trading session, the local currency closed at Rs282.96, marking a depreciation of Re0.29 compared to Thursday’s closing rate of Rs282.67. On the global front, the US dollar strengthened, gaining ground alongside
