SBP reserves rise $191m to $12.93bn
The central bank's foreign exchange reserves rose 1.5pc on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.
On November 13, the foreign currency reserves held by the SBP were recorded at $12,931.2 million, up $191 million compared with $12,740.5 million in the previous week.
The overall liquid foreign currency reserves held by the...
Govt to engage stakeholders on proposed PTA with Afghanistan: Dawood
ISLAMABAD: Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood said on Friday that following the prime minister's visit to Kabul, the Ministry of Commerce will start engaging all stakeholders on items to be placed in the proposed Pak-Afghan Perennial Trade Agreement (PTA), starting next week.
"We are looking at engineering, pharmaceutical, cement, building materials, fruit and vegetables...
Oil set for third week of gains on vaccine hopes
LONDON: Oil prices firmed on Friday, and were on track for a third consecutive weekly rise, buoyed by successful Covid-19 vaccine trials, while renewed lockdowns in several countries to limit the spread of the virus capped gains.
Prospects for effective Covid-19 vaccines and hopes OPEC and its allies will keep production in check have bolstered oil markets this week.
Brent crude...