ISLAMABAD: Pakistan plans to seek a new loan of at least $6 billion from the International Monetary Fund (IMF) to help the incoming government repay billions in debt due this year, Bloomberg News reported on Thursday, citing a Pakistani official. The country will seek to negotiate an Extended Fund Facility with the IMF, the report said, adding that the talks with the global lender were expect
KARACHI: The Pakistan Stock Exchange (PSX) bounced back on Wednesday, making a U-shaped recovery and erasing losses as the resolution of internal political concerns spurred investor interest following an agreement to form a government. Earlier, trading kicked off with minor ups and downs, but somber sentiment kept the KSE-100 index activity dull for most of the day. An arrangement for power-
KARACHI: The overnight reaching of a consensus between PML-N and PPP on the formation of a coalition government, dubbed PDM 2.0, brought clarity on the political front to a greater extent as a result the benchmark KSE 100-share index staged a robust rally to settle above 61,000 level on Wednesday. Topline Securities Ltd said the stock market maintained a positive trend throughout the session r
KARACHI: The Pakistani currency resumed its uptrend after a day of nominal losses, partially regaining to Rs279.50 against the US dollar in the interbank market on Wednesday amid the beginning of the end of the political crisis over the formation of the government in the centre. According to the State Bank of Pakistan’s (SBP) data, the domestic currency regained 0.02% or Rs0.07 against the g
LAHORE: Punjab Governor Muhammad Balighur Rehman, addressing media at the inauguration of the two-day Pak Pharma and Healthcare Expo at Lahore’s Expo Centre, underscored the importance of a balanced regulatory framework for the pharmaceutical industry, according to a statement release on Wednesday. He stressed that while the caretaker government’s initiative to deregulate medicine prices was co