Press Releases

Aztiq and Innobic Announce Pricing of Secondary Sale of Lotus Common Stock by AEMH

LONDON and BANGKOK, Thailand, July 03, 2023 (GLOBE NEWSWIRE) — Aztiq Pharma Partners (“Aztiq”), a private equity company focused on the life sciences sector, and Innobic (Asia) Company Limited (“Innobic”), the life science arm of Thai oil and gas conglomerate PTT Public Company Limited (“PTT”) (collectively, “the shareholders”), today announced the pricing of a sale […]

General

Militants ambush troops in deadly shootout in southwest Pakistan: military

A group of militants ambushed troops during a search operation against insurgents in a remote area in southwestern Pakistan, triggering a shootout that left an army major and a junior officer dead, the military said on Monday.There was no immediate cl…

Economy

Pakistan clinches $3B IMF bailout, avoiding default

In Pakistan, the government has clinched a $3 billion bailout with the International Monetary Fund, averting a potential default. The deal was approved just hours before the current funding arrangement with the IMF was due to expire. But the latest re…

Economy

Price of Gold in Pakistan Registers Massive Decrease

The price of gold in Pakistan registered a massive drop on Monday to settle at Rs. 207,200 per tola.According to the data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) fell by Rs. 8,800 per tola…

Economy

Pakistan’s Trade Deficit Shrinks by 43% in FY23

Pakistan’s trade deficit narrowed by 43.03 percent to $27.547 billion during the fiscal year 2022-23 (July-June) as compared to $48.354 billion during the same period of last year, the Pakistan Bureau of Statistics (PBS) said.The country’s exports dur…

Economy

Rupee Surges to 285 in Open Market On IMF News

The Pakistani rupee (PKR) appreciated to 285 against the US Dollar (USD) in the open market today in tandem with last week’s interbank close of 285.9, following the stand-by agreement on a $3 billion bailout with the International Monetary Fund.Genera…