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The Optimistic Five-Year Outlook The International Monetary Fund (IMF) has delivered a positive economic forecast. The IMF Predicts Pakistan Inflation Decline will continue steadily. This decline is expected to result in a multi-year period of stability. The Fund estimates average inflation will remain in single digits. This encouraging trend is projected to last for five…
Historic Milestone Reached in Islamabad The Pakistan Stock Exchange (PSX) reached a historic peak. The major surge happened during the SCO Summit. The PSX 100 Index hit an all-time high value. It closed at a record 86,513 points overall. This figure marks a significant gain for the market. It gained 603 points from the previous…
Former Daraz VP Becomes CEO Muhammad Ammar Hassan has announced a major new venture. He served previously as VP of Growth at Daraz. Now, he launches BuyPass.ai as Founder and CEO. He brings over 15 years of corporate experience. His background is scaling large technology companies successfully. Ammar Hassan BuyPass.ai represents a major entrepreneurial leap….
Pakistan IT Singapore Expansion: A Strategic Market Shift Hexalyze Debuts at Singapore Tech Week Hexalyze, a leading IT exporter, debuted recently. They participated in Singapore Tech Week (STW). This was done under the “TechDestination Pakistan” banner. This move signals a major strategic shift. Pakistan’s IT industry is now targeting the ASEAN region. Singapore serves as…
Chris Larsen XRP Donation: A First in Political Funding $1 Million Gift to Pro-Harris PAC Chris Larsen, Ripple’s co-founder, made history. He completed his first recorded cryptocurrency donation. Larsen donated $1 million worth of XRP currency. XRP is the native token of the Ripple network. The recipient is Future Forward USA. This major political action…
Ratan Tata State Funeral: An Icon’s Final Tribute Maharashtra Declares State Honors India’s preeminent industrialist Ratan Tata passed away. He died yesterday in a Mumbai hospital. The visionary leader was 86 years old. He had been admitted to the ICU for a period. Maharashtra Chief Minister Eknath Shinde made a key announcement. He declared that…
FBR Tax Returns Surge: Dramatic Increase in Filings and Filers Filings Cross Four Million Mark The Federal Board of Revenue (FBR) reported a huge surge. Over 4.078 million individuals filed tax returns. This massive number was reached by October 8, 2024. This early filing demonstrates improved compliance. The FBR Tax Returns Surge is highly significant….
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USD Exchange Rate Shift: Marginal Movement in Forex Markets Interbank Rate Sees Slight Increas The U.S. dollar showed a slight rise today. This occurred within the interbank market. The State Bank of Pakistan reported the change. The dollar closed at Rs 277.67 today. This reflected a small increase from yesterday’s close. The previous day’s rate…
Pakistan Foreign Loan Commitment: Short-Term Debt Strategy $3.2 Billion Short-Term Borrowing Plan Pakistan finalized a significant short-term debt plan. The country plans to borrow $3.2 billion externally. This borrowing is structured as one-year foreign debt. A key component is the Saudi Oil Facility (SOF). Pakistan secured $1.2 billion for the SOF. Other major funding came…