Pakistan has sought support from the United States (US) to engage the International Monetary Fund (IMF) and the World Bank “to help remove obstacles hindering the sustainable growth” of the power sector. The development came as Pakistan’s Power minister Awais Ahmed Leghari met US Ambassador Natalie Baker on Monday. “During the meeting, Mr Awais Leghari requested the Ambassador’s support in e
Oil prices edged down on Tuesday, extending losses from the 2% drop in the previous session, with markets keeping a close eye on peace talks to end Russia’s war in Ukraine, concerns about ample supply and a looming decision on US interest rates. Brent crude futures were down 7 cents, or 0.1%, to $62.42 a barrel at 0717 GMT. US West Texas Intermediate crude was at $58.75, down 13 cents, or 0.
The Pakistani rupee strengthened against the US dollar, appreciating 0.06% during the opening minutes of trading in the inter-bank market on Tuesday. At 10am, the local currency was hovering at 280.23, a gain of Re0.18 against the greenback. On Tueesday, the local unit closed at 280.41. Globally, the Japanese yen held steady in early Asian trading after a powerful 7.5-magnitude earthquake
With a series of record highs and crushing sell-offs, 2025 has been a rollercoaster ride for bitcoin, the world’s largest cryptocurrency, which is at risk of ending the year with its first annual decline since 2022. The world’s main stock benchmarks have also had a turbulent year, repeatedly hitting record peaks and then pulling back as worries over tariffs, interest rates and a possible AI bub
The inflow of overseas workers’ remittances into Pakistan stood at $3.2 billion in November 2025, the State Bank of Pakistan (SBP) data showed on Tuesday. Remittances increased by nearly 9.4% year-on-year (YoY), compared to $2.9 billion recorded in the same month last year. Monthly remittances were down by 7%, compared to $3.4 billion in October. During the first five months of the fiscal ye