ISLAMABAD: During this fiscal year, the central bank ( SBP) has bought more over $5 billion from the market, setting a record that is larger than the size of the International Monetary Fund (IMF) bailout package and equal to two-thirds of Pakistan’s official foreign exchange holdings. In spite of significant debt repayments, the central bank’s…
ISLAMABAD: WhatsApp has finally included the Meta AI chatbot, and the upgrade is now accessible in Pakistan. You do not need to manually download the WhatsApp update for the new feature because it is a server-side change, but we encourage keeping your app up to date, especially if you have not yet seen it. WhatsApp…
Important challenges remain to be resolved as Pakistan seeks prospective follow-up programmes: IMF chief:Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), stated that significant issues must still be resolved before Pakistan can open a follow-up programme to the previous $3 billion stand-by agreement.She emphasised that, while Pakistan’s economy has improved significantly and is…
Pak Rupee Recover to Rs. 220-230 Against US Dollar : Every quarter brings with it a distinct indicator that sets the tone for currency dynamics, and in the case of Pakistan, real interest rates seem poised to play a pivotal role, potentially propelling the Pakistani Rupee (PKR) into the 220-230 range by early 2025. A…
