November, 29, 2023
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Business

Conducted OICCI Survey Shows Pakistan's Confidence Surge

Conducted OICCI Survey Shows Pakistan’s Confidence Surge

Infgostani Sources- The recently conducted business confidence survey by the Overseas Investors Chamber of Commerce and Industry (OICCI) has unveiled a noteworthy surge in business confidence within Pakistan. The Comprehensive Business Confidence Index Survey Wave (24Wave) covered the nation from October to November 2023. The results depict an encouraging overall improvement of 7% compared to the …

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Price Cap Strains Russian-Pakistani Oil Deal: Talks Underway

Price Cap Strains Russian-Pakistani Oil Deal: Talks Underway

Infostani Sources- The Russian delegation plans to arrive in Pakistan today to resolve the deadlock in the agreement for importing crude oil from Russia. Notably, in October, officials from Pakistan Refinery Limited reached a mutual understanding with Russian authorities on a long-term oil supply agreement during the Russian Energy Forum. Although both parties signed the …

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Privatization Minister Questions State Bank Autonomy

Privatization Minister Questions State Bank Autonomy

Infostani Sources- Privatization Minister Fawad Hasan Fawad has disclosed that the International Monetary Fund sought State Bank autonomy to directly access information the federal government hesitated to share with the global lender. Fawad Hasan Fawad’s surprising statement may deepen suspicions surrounding the IMF granting full autonomy to the State Bank in January last year, raising …

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Caretaker PM Enhances UAE Ties and Explores Kuwait Prospects

Caretaker PM Enhances UAE Ties and Explores Kuwait Prospects

Infostani Sources- Caretaker Prime Minister Anwar ul Haq, along with Chief of Army Staff General Syed Asim Munir, met with the President of the United Arab Emirates Sheikh Mohammed bin Zayed Al Nahyan in Abu Dhabi. The three leaders facilitated the signing of MoUs between Pakistan and the UAE, covering cooperation in various sectors such …

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Prime Minister’s Assistant Boosts Saudi Workforce Ties

Infostani Sources- Jawad Sohrab Malik, Special Assistant to the Prime Minister for Overseas Pakistan and Human Resource Development. Actively engaged in meetings with the Chairman of Rashid Group and CEOs of Saudi Company Tamkin HR. As well as Technical Endowment Training Corporation during his visit to Saudi Arabia. In addition, he toured various Saudi companies. …

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Stock Market Hits Record Highs Amid Economic Optimism

Stock Market Hits Record Highs Amid Economic Optimism

Infostani Sources- The Pakistan Stock Exchange witnessed a sustained upward trajectory, buoyed by positive economic sentiments, and strengthened fund mantles. As well as the anticipation of securing a financing facility of one and a half billion dollars. Following an agreement with the International Monetary Fund (IMF). Notably, the index achieved a historic milestone by crossing …

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IMF Boosts Stock Exchange; Dollar and Gold Prices Fluctuate

IMF Boosts Stock Exchange; Dollar and Gold Prices Fluctuate

Infostani Sources- Share buying activity at discounted prices, driven by positive economic sentiments, propelled the Pakistan Stock Exchange on Thursday. The index surpassed the historic milestone of 58,500 points for the first time in the country’s history. Experiencing a remarkable surge of 58% in share prices. This significant increase, along with IMF predictions of a …

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Pakistani Market Hits Record High, IMF Tranche Approval Anticipated

Pakistani Market Hits Record High, IMF Tranche Approval Anticipated

Infostani Sources- The Pakistan Stock Exchange experienced a significant rally on Wednesday, reaching an unprecedented psychological level of 58,000 points in its index. Driven by positive economic sentiments. This surge was a historic first for the country. Was fueled by predictions of a 30% growth in the index by December 2024. Also an anticipated reduction …

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Petroleum Levy and Financial Market Dynamics in Pakistan

Petroleum Levy and Financial Market Dynamics in Pakistan

Infostani Sources- Pakistan has committed to the International Monetary Fund (IMF) that it will boost petroleum levy collections by an additional Rs 920 billion in the current fiscal year. Finance Ministry sources revealed to the Express Tribune that, in the recently concluded review talks, the government assured the IMF of a hike in the annual …

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