The International Monetary Fund (IMF) has approved a $7bn (£5.25bn) loan to cash-strapped Pakistan. The country is due to receive the first $1bn of the loan immediately, with the balance to be paid out over the next three years. Prime Minister Shehbaz Sharif welcomed the decision and thanked the head of the IMF, Kristalina Georgieva, […]
A Southwest Airlines plane takes off from Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Friday, July 12, 2024. Elijah Nouvelage | Bloomberg | Getty Images Southwest Airlines is planning to reduce service to and from Atlanta next year, cutting more than 300 pilot and flight attendant positions, according to a company memo […]
The San Antonio Spurs logo is seen before the game against the Golden State Warriors in Game Three of Round One of the 2018 NBA Playoffs on April 19, 2018 at the AT&T Center in San Antonio, Texas. Noah Graham | National Basketball Association | Getty Images Businessman Paul Viera is increasing his stake in […]
The International Monetary Fund’s (IMF) Executive Board on Wednesday approved a $7 billion Extended Fund Facility (EFF) for Pakistan, which Prime Minister Shehbaz Sharif hopes would be the country’s last. Pakistan and the IMF reached an agreement on the 37-month loan programme in July this year. The breakthrough was achieved in the aftermath of getting […]
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Gold prices in the international market on Wednesday hit a fresh all-time high amid the Israel-Lebanon conflict, a weaker dollar and a decline in US bond yields. In India, the yellow metal touched a record Rs 76,000 per 10 grams. In the international market, gold prices approached the $2,700-an-ounce level to hit $2,690. “Gold witnessed […]
New Delhi: As the tragic death of 26 year old Anna Sebastian, an Ernst & Young (EY) employee sparks widespread outrage, new details have emerged. Senior government official who spoke to Reuters revealed that the company’s Pune office, operating since 2007 lacked the required labor welfare permit. This permit which regulates work hours was missing, […]
The Executive Board of the International Monetary Fund (IMF) will convene today in Washington to approve a critical $7 billion loan package for Pakistan, aiming to stabilize the country’s fragile economy. This new bailout program, spanning 37 months, marks Pakistan’s 24th IMF assistance package. With its approval, Pakistan will also be eligible to receive funds […]
Stocks scaled a new peak on Friday, with the benchmark index surpassing the 82,000 mark during intraday trade, as forecasts of declining inflation and hopes of further monetary loosening by the central bank spurred a buying spree, traders said. The KSE-100 index jumped by 615.16 points, or 0.76%, to reach 82,074.44 from its previous close […]
The Pakistan Stock Exchange (PSX) witnessed a significant upward trend today, with the benchmark index crossing the 81,000-point mark for the first time in over two months. The market opened with a strong bullish sentiment, driven by investor confidence, and continued to gain momentum throughout the trading session. As of midday trading, the KSE-100 Index […]