I’m not voting None of the top politicians and political parties making promises about free houses and hundreds of electricity... Updated 08 Feb, 2024 08:42pm
World Sri Lanka raises taxes ahead of foreign debt deal COLOMBO: Sri Lanka slapped a new 18 percent value added tax (VAT) on fuel, mobile phones and computers from Monday... Published 01 Jan, 2024 10:49am
Print Shamshad says not in position to entertain any expenditure request ISLAMABAD: Caretaker Finance Minister, Dr Shamshad Akhtar, has said that lack of fiscal discipline, increasingly... Updated 04 Sep, 2023 09:41am
Markets Sri Lanka to unveil domestic debt restructuring strategy this week COLOMBO: Debt-laden Sri Lanka will unveil its domestic debt restructuring strategy this week, central bank chief P.... Published 25 Jun, 2023 10:49pm
Opinion A catch-22 situation Pakistan has got itself fully trapped in a catch-22 situation, which is an impossible predicament where you are... Published 03 Jun, 2023 03:52am
Business & Finance Business community worried over policy rate hike KARACHI: Leaders and members of the United Business Group (UBG) have expressed their serious concern over the policy... Published 29 Nov, 2022 07:00am
Print Around $17bn foreign debt incurred in FY22 Around $4.9 billion was taken from foreign commercial banks Updated 26 Jul, 2022 10:00am
Opinion Stop ‘subsidising’ banks and others There are several indices that are used across the free world that rank individual countries on measures of economic... Published 21 Jul, 2022 05:40am
Business & Finance Foreign debt of $13.539bn incurred in 11 months ISLAMABAD: Pakistan incurred foreign debt of $13.539 billion from multiple financing sources in the first 11 months... Updated 29 Jun, 2022 10:30am
Pakistan NA approves charged expenditure worth Rs27.886trn ISLAMABAD: The National Assembly on Monday approved charged expenditure worth Rs27.886 trillion included in Demands... Published 28 Jun, 2022 06:10am
World India rushes food, medicine to bankrupt Sri Lanka COLOMBO: Sri Lanka accepted a rice and pharmaceuticals shipment from neighbouring India Friday as the island nation... Published 25 Jun, 2022 01:01am
Pakistan Increased petrol prices to save economy: PM Shehbaz Says people are facing inflation and unemployment due to flawed policies of PTI government Published 29 May, 2022 07:51pm
Print Over $13bn debt incurred in 10 months: EAD External inflows during the corresponding period (July-April) of fiscal year 2020-21 were $10.195 billion Updated 24 May, 2022 09:55am
Print PTI govt procured $52bn loans; $36.05bn was repaid In contrast, PML-N retired $27.07b in five years with borrowings clocking in at $49.76 billion Updated 16 May, 2022 11:17am
Business & Finance July-March 2021-22: Country incurs foreign debt of $12.767bn ISLAMABAD: Pakistan incurred foreign debt of US 12.767 billion dollars from multiple financing sources in the first... Published 21 Apr, 2022 05:26am
World Bankrupt Sri Lanka begs diaspora to send cash COLOMBO: Sri Lanka on Wednesday urged its citizens overseas to send home money to help pay for desperately needed... Published 14 Apr, 2022 04:55am
World Bankrupt Sri Lanka asks citizens abroad to send home cash COLOMBO: Sri Lanka urged its citizens overseas to send home money to help pay for desperately needed food and fuel... Updated 13 Apr, 2022 01:28pm
Opinion Rising economic difficulties At present Pakistan is facing grim crises. Regardless of the Supreme Court’s decision, the real question is ... Published 08 Apr, 2022 05:28am
Business & Finance Crisis-hit Sri Lanka seeks further $1bn credit line from India COLOMBO: Sri Lanka has sought an additional credit line of $1 billion from India to import essentials amid its worst... Published 29 Mar, 2022 05:49am
Business & Finance $12.178bn foreign debt incurred in first 8 months of FY22 ISLAMABAD: Pakistan incurred foreign debt of $12.178 billion from multiple financing sources in the first eight... Updated 26 Mar, 2022 10:48am
World Sri Lanka restricts ‘luxuries’ as forex crisis worsens COLOMBO: Sri Lanka on Wednesday tightened restrictions on a wide range of imports from whisky to kitchen appliances... Published 10 Mar, 2022 06:30am
Business & Finance Moody’s cuts Russia rating to Ca on rise in default risk LONDON: Moody’s cut Russia’s credit rating to Ca on Sunday, the second-lowest rung of its ratings ladder, citing... Published 07 Mar, 2022 06:07am
Business & Finance IMF urges Sri Lanka to raise taxes, devalue currency COLOMBO: The International Monetary Fund warned crisis-hit Sri Lanka on Thursday that its foreign debt was... Published 04 Mar, 2022 04:37am
Business & Finance Jul-Jan FY22: Foreign debt of $12.02bn incurred ISLAMABAD: Pakistan incurred foreign debt of $12.02 billion from multiple financing sources in the first seven ... Published 24 Feb, 2022 06:34am
Business & Finance Jul-Dec: Pakistan incurs $9.432bn foreign debt ISLAMABAD: Pakistan incurred foreign debt of $9.432 billion from multiple financing sources in the first half months... Updated 26 Jan, 2022 12:10pm
Business & Finance Fiscal year 2021-22: $4.7bn foreign debt incurred in first 5 months ISLAMABAD: Pakistan incurred foreign debt of $4.7 billion from multiple financing sources in the first five months... Updated 24 Dec, 2021 09:56am
Print Fitch downgrades Sri Lanka as default fears mount COLOMBO: International ratings agency Fitch downgraded cash-strapped Sri Lanka Saturday due to mounting fears of a... Published 19 Dec, 2021 04:37am
Editorials Economic infirmity erodes sovereignty EDITORIAL: Economic infirmity, defined as a country’s under stress macroeconomic indicators particularly its... Published 07 Dec, 2021 06:29am
Business & Finance SBP-held forex reserves decrease $691 million due to external debt repayment Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased $691 million on a weekly basis, ... Published 25 Nov, 2021 09:53pm
Opinion Domestic debt trap: an accountant’s perspective I’m no economist per se. As an accountant, however, I’m deeply concerned at the steep hike of 150 basis points... Updated 25 Nov, 2021 11:02am
