The State Bank of Pakistan (SBP) said on Thursday that Pakistan’s foreign exchange reserves held by the central bank fell by $170 million to $2.9 billion in the week ended February 3.
Iger announced the plan to decrease costs by 7,000 people during the company’s earnings call on Wednesday for the quarter ending December 31, 2022. As of October 1, 2022, the figure corresponds to 3.2% of Disney’s approximately 220,000 global employees.
Pakistan reports that it must pay back foreign debt and interest totaling over $22 billion over the course of the next 12 months, despite efforts to avert the impending risk of default.
According to a Bloomberg article, millions of cash are being smuggled into Afghanistan from Pakistan every day, helping to bolster the country’s struggling economy after the US and Europe refused the New administration access to billions in foreign funds.
Zoom Video Communications, the business behind the popular video conferencing platform, revealed intentions on Tuesday to lay off around 15% of its personnel.
The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed Monday at 41,190.77 points, an increase of 719.61 points or 1.78 percent, reflecting a sharp rise in shares.
The process of releasing consignments of pulses detained at the port has started, which is anticipated to avoid the possibility of a shortage of the good during Ramadan and down their costs.
Since January 31, an IMF mission has been in Islamabad working to finish delayed technical and policy-level discussions aimed at helping Pakistan escape its current foreign exchange crisis.
An automaker has begun refunding booking fees to customers, stating that the current economic climate makes it difficult for the company to continue operating.
Due to inflation, the government is set to raise petrol rates once more, making petrol 30 rupees more expensive.
Wasi Mehmood, an upwork talent mastermind member and top-rated freelancer from Islamabad, is making Pakistan proud.
At a meeting of its Monetary Policy Committee on January 23, the State Bank of Pakistan (SBP) increased the policy rate by an additional 100 basis points (bps), bringing it to 17%, the highest level since October 1997.
