Ariba Shahid

1 week ago | uk.marketscreener.com | Ariba Shahid

Published on 16/06/2025 at 11:41, updated on 16/06/2025 at 12:31ISLAMABAD (Reuters) -Pakistan's central bank kept its key interest rate unchanged at 11% on Monday, in line with expectations, as the conflict between Israel and Iran and volatile global oil prices added upside risks to inflation. The State Bank of Pakistan briefly paused its easing cycle in March after cutting rates by 10 percentage points from a record high of 22% in June 2024.

2 weeks ago | money.usnews.com | Ariba Shahid

By Ariba ShahidISLAMABAD (Reuters) - The International Finance Corporation will provide a $400 million subordinated loan for Pakistan’s Reko Diq copper-gold mine, according to an IFC disclosure on Friday. The loan adds to a $300 million commitment announced in April, bringing IFC’s total financing for the project to $700 million. The estimated cost of the mine is $6.6 billion, to be funded through a mix of debt and equity from a consortium of lenders.

2 weeks ago | whbl.com | Ariba Shahid

By Ariba ShahidKARACHI (Reuters) -Pakistan’s central bank is expected to hold its policy rate on Monday, a Reuters poll showed, as many analysts shifted their previous view of a cut in the wake of Israel’s military strike on Iran, citing inflation risks from rising global commodity prices. Israel said on Friday it targeted nuclear facilities, ballistic missile factories and military commanders in a “preemptive strike” to prevent Tehran from building an atomic weapon.

2 weeks ago | uk.marketscreener.com | Ariba Shahid |Saeed Shah |Asif Shahzad

Published on 10/06/2025 at 06:01, updated on 10/06/2025 at 15:11ISLAMABAD (Reuters) -Pakistan will raise defence spending by a steep 20% after a deadly conflict with its old enemy India last month, but will slash overall federal expenditure for fiscal 2025-26 by a hefty 7% to 17.57 trillion rupees ($62 billion). The budget presented on Tuesday by Prime Minister Shehbaz Sharif's government allocated 2.55 trillion rupees ($9 billion) to defence in July-June 2025-26, up from 2.12 trillion.

3 weeks ago | msn.com | Asif Shahzad |Ariba Shahid

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