Most stock markets in the Gulf fell on Sunday after stronger-than-expected US jobs data, strengthening expectations that the Federal Reserve (the US central bank) will likely keep interest rates high for a longer period than many traders are betting on. The Federal Reserve Bank’s decisions have a significant impact on monetary policy in the Gulf … Read more
Pakistan’s foreign exchange reserves saw a decline of $261.2 million or 1.57% on a week-on-week basis, bringing the total to $16.37 billion during the week ending December 20, 2024. The decline was primarily driven by a significant decline in reserves held by Pakistan. State Bank of Pakistan (SBP). According to data released by the State … Read more
The Pakistan Startup Ecosystem Report 2024 (PSER 2024) released by Invest2Innovate (i2i) highlights the resilience of Pakistani founders in a challenging global environment while identifying key opportunities and barriers to entrepreneurial growth in the country. The report, launched on Thursday, is the fourth edition of i2i’s flagship initiative and was presented during an event attended … Read more