Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb said Wednesday that Pakistan’s reform momentum and economic liberalisation could set the stage for an “East Asia moment”— a period of dynamic, export-driven expansion inspired by the experience of high-growth Asian economies such as Singapore. In an interview with CNBC, the minister, who is currently in Washington DC to attend
Oil prices rose around 1% on Thursday after U.S. President Donald Trump said Indian Prime Minister Narendra Modi had pledged his country would stop buying oil from Russia, a move that could drain supply elsewhere. Brent crude futures rose 54 cents, or 0.87%, to $62.45 a barrel by 0430 GMT. U.S. West Texas Intermediate (WTI) futures climbed 57 cents, or 0.98%, to $58.84. Both contracts touche
Amreli Steels Limited announced on Thursday that it had signed and executed the Master Restructuring Agreement (MRA), allied documents, agreements, and banking syndicates. The company shared the development in a notice to the Pakistan Stock Exchange (PSX) today. It said that the agreement was executed with Bank Alfalah Limited acting as the lead bank and Pak Brunei Investment Company Limited
Federal Minister of Finance and Revenue Muhammad Aurangzeb briefed his Saudi counterpart on Pakistan’s ongoing privatisation drive, including the divestment of Pakistan International Airlines (PIA) and key airports, underscoring the government’s resolve to attract strategic investments through transparency and efficiency. The development came during Aurangzeb’s meeting with Mohammed Aljadaan, F
The Pakistani rupee gained further ground against the US dollar, appreciating 0.07% during the opening hours of trading in the inter-bank market on Thursday. At 10:15am, the local currency was hovering at 280.92, up by Re0.2 against the US dollar. On Wednesday, the local unit closed at 281.12. Internationally, the US dollar slipped on Thursday as the Sino-US trade war sapped investor sent