Business

Data released by the State Bank of Pakistan (SBP) on Thursday evening showed that Pakistan’s foreign exchange reserves for the week-ending January 13 stood at a level of $10.443 billion. This was up by $255.8 billion from the previous…

The government is attempting to meet a number of stringent requirements imposed by the International Monetary Fund (IMF) in order to release the next tranche of its extended fund facility, and the mini-budget aims to significantly increase…

LAHORE: The News reported on Friday that the owners of textiles threatened the government with a protest over the delay in the clearance of imported cotton containers at the Karachi port as Pakistan struggles to replenish its diminishing…

LONDON: Oil edged lower on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy. Brent futures for March delivery fell 13 cents to $81.97 a barrel, a 0.1 per…

ISLAMABAD: Pakistan’s trade deficit stood at $2.857 billion in December, shrinking 40.68 per cent year-on-year, data released by the Pakistan Bureau of Statistics (PBS) showed. In December 2021, the deficit had clocked in at $4.816bn.…

LONDON: Oil prices slid on Tuesday from their highest levels in a month on a stronger dollar and after the head of the International Monetary Fund warned of a tougher 2023 as major economies experience weakening activity. Brent crude…

“I think that Elon Musk’s cooperation and/or technical relationships with other countries is worthy of being looked at,” Biden said, answering a question from a reporter after a long pause. “Whether or not he is doing anything…

Foxconn, Apple’s principal subcontractor, locked down its massive factory in Zhengzhou last month after a spike in infections – in line with China’s zero-Covid policy. In a separate statement Monday, the Taiwanese firm said its fourth…