BR Web Desk Published July 31, 2023 The bull run at the Pakistan Stock Exchange (PSX) continued as the benchmark KSE-100 crossed the 48,000 mark after a gain of over 1,000 points or 2.2% in early-morning trading on Monday. The index, which has on a positive run since Pakistan’s staff-level agreement with the International Monetary Fund (IMF), has…
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Abdullah Momand Published July 30, 2023 Chinese Vice Premier He Lifeng on Sunday arrived in Islamabad on a three-day visit during which he will attend a ceremony planned to mark 10 years of the China-Pakistan Economic Corridor (CPEC) project. Minister for Planning Ahsan Iqbal and Minister for Interior Rana Sanaullah received the visiting dignitary at the airport….
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IMF approves release of funds over nine months to support Pakistan’s economic stabilisation programme. The International Monetary Fund (IMF) has approved a much-awaited $3bn bailout for Pakistan, a move that is likely to help prevent the South Asian country from defaulting on its debt repayments. In a statement on Wednesday, the IMF said its executive board gave…
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The United Nations Human Rights Council (UNHRC) has approved a resolution on religious hatred and bigotry in the wake of a Quran-burning stunt in Sweden that led to protests across the Muslim world. The motion passed on Wednesday, but was opposed by the United States and the European Union, which said it conflicts with their positions on human…
Read MoreBy Gabrielle Tétrault-Farber July 12, 2023 4:09 PM GMT+5 GENEVA, July 12 (Reuters) – The United Nations Human Rights Council on Wednesday approved a disputed resolution on religious hatred in the wake of the burning of a Koran in Sweden, prompting concern by Western states who say it challenges long-held practices in rights protection. The resolution,…
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LAMABAD: Fitch Ratings on Monday upgraded Pakistan’s long-term foreign currency issuer default rating (IDR) to ‘CCC’ from ‘CCC-’ reflecting reduced external financing risks with improved external liquidity and funding conditions following recent staff-level agreement (SLA) with the IMF on a nine-month Stand-by Arrangement (SBA) in June. “We expect the SLA to be approved by the…
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