ISLAMABAD: The State Bank of Pakistan (SBP) has directed banks across the country not to freeze or restrict customers’ bank accounts without legal authority and approval from the competent authority, issuing fresh guidelines in compliance with an Islamabad High Court (IHC) order. According to the central bank’s directive, banks must […]
DUBAI: Global oil prices extended gains on Monday after fresh attacks in the Gulf intensified fears of supply disruptions, lifting energy markets already rattled by geopolitical tensions, rising bond yields and concerns over shipping through the Strait of Hormuz. Brent crude futures rose around 1.2% to about $110.7 a barrel, […]
BEIJING: China’s AVIC Chengdu Aircraft Corporation, manufacturer of the J-10C fighter jets, has reported record financial results, with revenue and profits rising sharply following increased global attention on its aircraft. According to a report by Bloomberg, the company’s revenue grew by 15.8% to 75.4 billion yuan ($11 billion) in 2025, […]
Attock Refinery Limited has resumed the supply of petrol and diesel across the country after restoring operations that were temporarily halted due to disruptions in crude oil supply. In a notification to the Pakistan Stock Exchange, the Attock Refinery confirmed that production and delivery of petroleum products are now fully […]
NEW DELHI: India and South Korea on Monday agreed to significantly expand economic cooperation, setting a target to double bilateral trade to $50 billion by 2030. The understanding was reached during talks between Indian Prime Minister Narendra Modi and South Korean President Lee Jae Myung, who is on a three-day […]
KARACHI: The State Bank of Pakistan (SBP) has confirmed that Pakistan has made a payment of $2 billion to the United Arab Emirates as part of ongoing financial arrangements between the two countries. According to an SBP spokesperson, the amount had previously been placed in Pakistan’s account under a safe […]
ISLAMABAD: The Federal Board of Revenue (FBR) has decided to introduce online monitoring of business activities across the country, making installation of the point of sale (POS) system mandatory for more than 14 sectors, according to an official notification. Under the directive, hotels, restaurants, guest houses, marriage halls, marquees and […]
WASHINGTON: The International Monetary Fund on Friday welcomed reform progress by Pakistan, saying policy efforts under the IMF-supported programme have helped stabilise the economy and rebuild market confidence. IMF spokesperson and Director of Communications Julie Kozack said Pakistan is implementing an Extended Fund Facility (EFF) arrangement and an IMF staff […]
KARACHI: Gold prices in Pakistan fell sharply on Friday, tracking losses in the international bullion market and reversing gains recorded earlier this week. According to figures released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola declined by Rs 8,600 to settle at Rs […]
ISLAMABAD: The United Arab Emirates has agreed in principle to roll over a $2 billion deposit to Pakistan for two months, offering short-term financial relief to the cash-strapped nation ahead of an important International Monetary Fund (IMF) review. According to official sources cited by Geo News, the deposit — which […]