Interest rate of 13.75pc will not let economy grow: FPCCI KARACHI: Shabbir Mansha, acting president FPCCI, has said that the interest rate of 13.75 percent will not let the... Published 24 Jun, 2022 06:15am
Business & Finance ADB presents ‘Excellence Award’ to solar energy project of KP govt PESHAWAR: The Asian Development Bank (ADB) has awarded the “Excellence Award” to the ongoing solar energy ... Published 19 Jun, 2022 06:06am
Business & Finance Punjab debt service estimates stand at Rs82.4bn for FY23 LAHORE: With interest payment of Rs 18 billion and principal repayment of Rs 64.4 billion, Punjab debt service... Published 18 Jun, 2022 06:00am
Print Rs4/unit raise in Discos’ tariff approved for April ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has approved an increase of Rs4 per unit in Discos... Updated 14 Jun, 2022 10:28am
Business & Finance Foreign aid estimated at Rs3.166trn ISLAMABAD: The government has estimated foreign assistance of Rs 3.166 trillion for 2022-23 including Rs 1.389... Published 11 Jun, 2022 06:08am
Print IMF staff-level agreement: Miftah expects it in June, explains its criticality ISLAMABAD: Finance Minister Miftah Ismail has stated that a staff-level agreement with the International Monetary... Updated 29 May, 2022 11:01am
Markets Punjab govt’s debt stock swells to Rs1094bn LAHORE: The Punjab government’s debt stock, local and external, bulged from Rs 1079 billion to Rs 1094 billion, an... Published 26 May, 2022 07:13am
Business & Finance ‘ADB committed to supporting reform agenda’ ISLAMABAD: Finance Minister Miftah Ismail on Tuesday said the Asian Development Bank has always been a great support... Published 18 May, 2022 05:54am
Opinion Controlling inflation and financing deficits — I In April 2020, International Monetary Fund (IMF) managing director (MD) had reportedly called the Covid pandemic a... Published 14 May, 2022 04:05am
Print Two ADB executive directors due today ISLAMABAD: Two Executive Directors of Asian Development Bank (ADB), Dr Wan Farisan Bin Wan Sulaiman (representing... Updated 14 May, 2022 09:47am
Print FY23: ADB indicates additional support of $2.5bn ISLAMABAD: Asian Development Bank (ADB) has indicated an additional support of $ 2.5 billion for the next fiscal... Updated 13 May, 2022 10:12am
Print 1HFY22: $8.48bn commitment agreements inked Economic Affairs Division releases quarterly report on foreign economic assistance for July–December 2021 Updated 13 May, 2022 09:25am
Opinion Living beyond means Pakistan’s external debt averaged USD 65.223 billion from 2002 until 2021, reaching an all-time high of USD ... Updated 11 May, 2022 10:26pm
Opinion There’s no light at the end of the tunnel One of the global lenders, Asian Development Bank has said that continued efforts toward fiscal consolidation and... Published 07 May, 2022 05:46am
Print MoF prepares draft policy on SOEs ISLAMABAD: Ministry of Finance (MoF) has prepared a draft policy on governing of poorly performing State-Owned... Updated 07 May, 2022 09:57am
Print Macroeconomic stability: Fiscal consolidation, policy reforms key to success: ADB ISLAMABAD: Continued efforts toward fiscal consolidation and policy reforms will be key to sustaining improvements ... Updated 26 Apr, 2022 10:01am
Print Identification of non-filers, under-filers: Protocols being finalised to integrate data with Nadra: FBR ISLAMABAD: Federal Board of Revenue (FBR) Chairman Dr Muhammad Ashfaq Ahmed Wednesday said the Board is still in the... Updated 21 Apr, 2022 10:30am
Pakistan CAREC Institute holds second annual research conference LAHORE: The second research conference of the CAREC Institute (Central Asia Regional Economic Cooperation) took ... Published 16 Apr, 2022 04:10am
Print IMF’s 7th review of EFF on hold: ADB’s aide-memoire ISLAMABAD: Concerned over former Prime Minister Imran Khan’s ‘Relief Package’, the International Monetary Fund (IMF)... Updated 16 Apr, 2022 10:30am
Pakistan CAREC to hold annual research conference KARACHI: The second research conference of the CAREC Institute (Central Asia Regional Economic Cooperation) will be... Published 09 Apr, 2022 04:39am
Business & Finance Farmers hit by Covid-19 pandemic: ADB and LDC sign up to $100m loan ISLAMABAD: The Asian Development Bank (ADB) and Louis Dreyfus Company BV (LDC) signed a loan of up to $100 million ... Published 08 Apr, 2022 05:28am
Print Inflation likely to pick up: FY22 growth rate projected to slow to 4pc YoY ISLAMABAD: Pakistan’s GDP growth rate is projected to slow to four percent in fiscal year 2022 from 5.6 percent in... Published 07 Apr, 2022 05:15am
Pakistan Pakistan's growth rate to slow down to 4% in FY22: ADB Report highlights economy will bear brunt of high oil prices due to the ongoing Russia-Ukraine conflict Inflation rate expected to pick up to around 11% in FY2022 Updated 06 Apr, 2022 06:32pm
Business & Finance Trade facilitation centre: FBR consultant visits Wagah border to inspect site LAHORE: A consultant of the Federal Board of Revenue (FBR) has visited the Wagah border to inspect the site for... Published 05 Apr, 2022 05:38am
Pakistan GHG emissions likely to soar: ADB ISLAMABAD: The greenhouse gas (GHG) emissions are likely to increase further because of the China–Pakistan ... Published 02 Apr, 2022 04:14am
World India to build Sri Lanka wind farms COLOMBO: India has agreed to develop three Sri Lankan wind farms on islets between the countries, officials said... Published 30 Mar, 2022 06:08am
Print Capital market uplift: $300m aid plan inked with ADB ISLAMABAD: The government of Pakistan and the Asian Development Bank (ADB) Monday signed Capital Market Development... Updated 29 Mar, 2022 03:26pm
Print Covid-19 pandemic: Pakistan accumulates over $10bn new debt: ADB The report notes direct health costs of Covid-19 are highest in Pakistan (around $2,019 million) and Kazakhstan (around $900 million) Updated 27 Mar, 2022 12:45pm
Print Capital market development: $300m loan approved by ADB ISLAMABAD: The Asian Development Bank (ADB) has approved a $300 million loan to further develop Pakistan’s capital... Published 23 Mar, 2022 04:58am
Markets ADB approves $300mn loan for Pakistan’s capital market development Says country's equity markets lack depth in terms of the number of investors that access it and the number of companies raising capital, while Pakistan’s bond market is almost completely dominated by government borrowing Updated 22 Mar, 2022 06:18pm
Share under NFC Award: Govt may explore option of sharing debt servicing, power circular debt with provinces