Settlement of employees’ obligations: SME Bank allowed to use available surplus funds ISLAMABAD: Finance Division has given its concurrence to allow SME Bank to utilise available surplus funds and... Updated 02 Oct, 2023 09:59am
Opinion Power sector controversy: take-or-pay contracts Energy prices have increased tremendously which has created controversy and unrest in the country. IPP contracts are... Published 28 Sep, 2023 05:33am
Print Contracts with IPPs, tariffs and ‘SOFR’: ECC tells PD to analyse impact of change, financial implications ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed the Power Division to analyze... Updated 28 Sep, 2023 10:18am
Business & Finance Jul-Aug period: Borrowing from multiple financing sources stands at $3.206bn ISLAMABAD: The country borrowed $3.206 billion from multiple financing sources during the first two months... Updated 27 Sep, 2023 10:31am
Editorials Pakistan: growth projections EDITORIAL: Asian Development Bank (ADB) in its regular publication Asian Development Outlook lowered Pakistan’s... Published 25 Sep, 2023 06:34am
Opinion Elusive macroeconomic stability In a recent statement reportedly, interim finance minister Dr Shamshad Akhtar indicated that there were signs of... Published 22 Sep, 2023 03:40am
Print ADB revises growth downward to 1.9pc: Inflation revised upward to 25pc from 15pc ISLAMABAD: The Asian Development Bank (ADB) has revised Pakistan’s GDP growth forecast for the fiscal year 2024 down... Updated 21 Sep, 2023 09:37am
Pakistan Downward revision: ADB sees Pakistan’s GDP growth to ‘recover modestly’ to 1.9% in FY24 Prospects closely tied to steadfast and consistent implementation of policy reforms to stabilise economy and rebuild fiscal, external buffers, it says Updated 20 Sep, 2023 10:56pm
Business & Finance Talks under way with WB, ADB to sort out issues pertaining to Discos, says energy minister ISLAMABAD: Caretaker Minister for Energy, Muhammad Ali said on Friday that Power Division is in discussions with the... Updated 16 Sep, 2023 09:28am
Business & Finance AsiaPak Investments seeks to convert Jamshoro plant into Thar coal KARACHI: AsiaPak Investments which claimed to have acquired around 54 percent shares in K-Electric (KE) has... Updated 12 Sep, 2023 09:33am
Print Finance minister says govt to go for rollover of deposits Says it was important to remove import restrictions across the board since Pakistan was an import-intensive country Updated 09 Sep, 2023 02:30pm
Print Stage-II of Kurram Tangi Dam Project: Wapda inks Rs776.3m consultancy contract with JV of four firms LAHORE: The Pakistan Water and Power Development Authority (Wapda) signed an agreement worth Rs 776.3 million to a... Updated 02 Sep, 2023 09:22am
Pakistan Need stressed for a viable flood management plan ISLAMABAD: Caretaker Federal Minister for Water Resources Ahmad Irfan Aslam, Tuesday, while stressing the need for a... Published 30 Aug, 2023 03:33am
Pakistan Punjab cabinet decides to fill post of president PPCBL LAHORE: The Punjab caretaker cabinet, which met with Chief Minister Punjab Mohsin Naqvi in the chair, decided to ... Published 26 Aug, 2023 06:13am
Print Inflows improved in July: IMF SBA gives comfort level to multilaterals, bilaterals: MEA officials ISLAMABAD: The staff level agreement on the Stand-By Arrangement (SBA) with the International Monetary Fund (IMF)... Updated 23 Aug, 2023 10:17am
Print $2.89bn borrowed from multiple financing sources in July ISLAMABAD: The country borrowed $2.890 billion from multiple financing sources during the first month (July) of the... Updated 22 Aug, 2023 09:12am
Business & Finance ‘ADB committed to continue support economic revival’ LAHORE: Asian Development Bank (ADB) is committed to continue to support Pakistan's economic revival and development... Updated 19 Aug, 2023 09:57am
Pakistan ADB delegation meets CM LAHORE: A delegation led by Jingmin Huang, Director of the Water and Urban Development Sector at the Asian... Published 18 Aug, 2023 05:42am
Print BRACE report lists factors leading to greater poverty ISLAMABAD: Rising inflation, particularly food inflation (highest in the history of Pakistan), increase in... Updated 11 Aug, 2023 09:29am
Opinion How to galvanise our exports If we can start from an economic policy perspective, policymakers are asking the wrong question: how to increase... Updated 09 Aug, 2023 06:27am
Print Flood relief: $10.33bn loans, $550m grants received ISLAMABAD: Pakistan has received $ 10.33 billion out of $ 10.953 billion as loans and $ 550.4 million in grants for... Updated 01 Aug, 2023 09:14am
Business & Finance Country receives $4.4bn from WB, ADB in FY2022-23 ISLAMABAD: Pakistan received $ 4.4 billion from the World Bank and Asian Development Bank (ADB) in the fiscal year... Published 28 Jul, 2023 03:02am
Business & Finance Developing Asia on track to grow faster in 2023: ADB MANILA: Developing Asia is on track to grow faster in 2023 from a year earlier as strong consumption and investment... Published 24 Jul, 2023 06:11am
Opinion PARTLY FACETIOUS: Sincere ignorance and conscientious stupidity “Martin Luther King said nothing in the world is more dangerous than sincere ignorance and conscientious... Published 21 Jul, 2023 06:38am
Markets 5th consecutive fall: rupee settles at 285.15 against US dollar Currency depreciates 0.47% in inter-bank market Updated 20 Jul, 2023 09:02pm
Business & Finance Fiscal year 2023: GDP growth weighed down by tighter monetary, fiscal policies: ADB ISLAMABAD: GDP growth in Pakistan in fiscal year 2023 (ended 30 June 2023) was weighed down by tighter monetary and... Published 20 Jul, 2023 03:12am
Business & Finance Dar tells ADB team: Govt committed to completing IMF SBA ISLAMABAD: A delegation of Asian Development Bank (ADB) led by Country Director Young Ye, called on Federal Minister... Updated 20 Jul, 2023 09:30am
Pakistan FY23: ADB says Pakistan’s economy weighed down by tighter monetary, fiscal policies The Asian Development Bank (ADB) on Wednesday said Pakistan’s economic growth in the fiscal year 2023 remained lower... Published 19 Jul, 2023 04:30pm
Business & Finance Detailed report on SBA: IMF accuses energy sector of causing fiscal haemorrhage ISLAMABAD: The International Monetary Fund (IMF) has portrayed the energy (power and gas) sector as the major cause... Published 19 Jul, 2023 03:21am
World Indian tourists flock to Southeast Asia BANGKOK/NEW DELHI: Indian tourists are streaming into Southeast Asia, cementing the world most populous country’s... Published 18 Jul, 2023 05:51am