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Wednesday, February 5, 2025
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economic stability

PSX hits new record high with 500-point surge in intraday trade

The Pakistan Stock Exchange (PSX) saw a strong performance on Friday as shares surged more than 500 points in intraday trade, setting a new...

IMF agreement brings relief, not cause for celebration, says former SBP Chief

The $7 billion agreement with the International Monetary Fund (IMF) offers much-needed relief to Pakistan. However, experts caution against celebrating prematurely. Murtaza Syed, former acting...

Pakistan requires foreign exchange inflows to close its external financing gap

Faced with a projected $20 billion external financing gap, Pakistan is urgently seeking foreign exchange inflows as the new fiscal year begins on July...

(SBP) reserves have reached a two-year peak, surpassing $9 billion

The State Bank of Pakistan's foreign exchange reserves have surged to a two-year high, exceeding $9 billion following inflows from the International Monetary Fund...

Surcharges imposed by the IMF on loans worsen global disparities

A report by US-based think tanks highlights that countries, primarily those in the middle and lower-income brackets, are burdened by surcharges imposed by the...

Rupee largely stable against US dollar

In the initial trading hours on Thursday, the Pakistani rupee showed minimal movement against the US dollar, experiencing a slight appreciation of 0.01% in...

CM Maryam Nawaz, meets finance minister to address economic issues

Punjab Chief Minister Maryam Nawaz Sharif held a meeting with Finance Minister Muhammad Aurangzeb on Monday, expressing determination to steer the country out of...

The United States advocates for collaboration with the IMF

The United States expresses support for Pakistan's endeavors to break away from the cycle of debt and financing, emphasizing the importance of continued collaboration...

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