PIDE’s first-ever EconFest held: Country needs to boost exports to $100bn in 5-8 years: minister ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal has said Pakistan needs ... Published 12 Mar, 2023 05:55am
Business & Finance Country to be on brink of default for foreseeable future: FPCCI KARACHI: President of the FPCCI Irfan Iqbal Sheikh has stressed that it is the collective wisdom of the entire... Published 10 Mar, 2023 03:46am
Markets On back of another Chinese loan, SBP-held forex reserves increase $487mn, now stand at $4.3bn This is the fourth successive increase in central bank-held reserves on weekly basis Updated 09 Mar, 2023 09:33pm
Editorials Soaring debt EDITORIAL: The government’s total debt stock rose to 55 trillion rupees by end January 2023 as per data released ... Published 09 Mar, 2023 06:23am
Print Import curbs to be eased after IMF review: SBP chief Jameel Ahmed says pressure of inflation will remain for two to three months Updated 09 Mar, 2023 12:37pm
Editorials MPS: steep rate hike to tame inflation EDITORIAL: In spite of the Monetary Policy Committee’s (MPC’s) decision to raise the discount rate to 20 percent... Published 06 Mar, 2023 06:22am
Opinion Moody’s: there’s method in its madness Moody’s Investors Service early this week downgraded Pakistan’s local and foreign currency issuer and senior... Published 04 Mar, 2023 06:10am
Print $1.3bn financing from China’s ICBC expected ISLAMABAD: Finance Minister Ishaq Dar has stated that the budget deficit is manageable but the external account... Updated 04 Mar, 2023 09:13am
Print Policy rate hiked by 300bps to 20pc to tame inflation KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Thursday increased the key... Updated 03 Mar, 2023 08:53am
Print Jul-Jan: $6.134bn borrowed from multiple sources ISLAMABAD: The government has borrowed $6.134 billion from multiple financing sources including $1.166 billion from... Updated 03 Mar, 2023 08:52am
Markets On back of loan from China, SBP-held foreign exchange reserves increase $556mn, now stand at $3.81bn Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $556 million to $3.81 billion, data... Published 02 Mar, 2023 06:35pm
Opinion Past the point of no return! For weeks noted economists and economic researchers have cited numerous indicators, like low foreign exchange... Updated 02 Mar, 2023 06:51am
Opinion IMF conditionalities: fiscal reforms The International Monetary Fund (IMF) typically imposes a series of conditions on countries that receive financial... Published 01 Mar, 2023 06:21am
Opinion The exchange rate: a steady hum of discontent No economic variable captures the popular imagination in Pakistan more than the exchange rate. After Pakistan moved... Published 28 Feb, 2023 06:15am
Editorials The floundering economy EDITORIAL: Current account deficit has declined 67 percent to 3.8 billion dollars (July-January 2022-23) against... Published 27 Feb, 2023 06:17am
Print $700m Chinese loan lands in SBP account KARACHI: The country has received inflows amounting to $700 million from China to build the sliding foreign exchange... Updated 25 Feb, 2023 09:01am
Markets Rupee continues recovery against US dollar, closes tad below 260 Currency settles at 259.99 in inter-bank market Updated 24 Feb, 2023 08:40pm
Opinion Finally, there’s light at the end of the tunnel President Dr Arif Alvi has signed the supplementary finance bill 2023 into law. This development will surely lead to... Published 24 Feb, 2023 06:00am
Business & Finance FX reserves rise by $66m to $3.258bn KARACHI: The total liquid foreign reserves held by State Bank of Pakistan (SBP) increased by $ 66 million to $ 3.258... Published 24 Feb, 2023 06:00am
Opinion Surging govt debt The statistics on total debt of Pakistan as of end-December 2022 has been released recently by the SBP (State Bank ... Published 21 Feb, 2023 05:58am
Business & Finance Forex reserves move up by $162m KARACHI: The country’s total liquid foreign exchange reserves rose by $162 million during the last week. ... Updated 17 Feb, 2023 06:38am
Markets Minor relief: SBP-held foreign exchange reserves rise $276mn, now stand at $3.19bn Total liquid foreign reserves held by the country clock in at $8.7 billion Published 16 Feb, 2023 07:51pm
Print Dar presents Rs170bn tax measures Blames previous government and last year’s devastating floods for the current economic situation Updated 16 Feb, 2023 09:00am
Editorials A further decline in remittances EDITORIAL: Remittances declined to under 1.89 billion dollars in January 2023, thereby registering a continuous... Published 16 Feb, 2023 06:08am
Opinion PARTLY FACETIOUS: SS is an interim measure, so to speak “Nepotism at its very worst…” “It should not concern you – Notification Maryam Nawaz (NMN) can leave PML-N... Published 15 Feb, 2023 06:27am
Print Fitch further downgrades long-term foreign currency IDR to ‘CCC-’ ISLAMABAD: Fitch Ratings has downgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “CCC-”,... Updated 15 Feb, 2023 09:04am
Business & Finance Govt plans to quadruple coal-fired power ISLAMABAD: Government plans to quadruple its domestic coal-fired capacity to reduce power generation costs and will... Published 15 Feb, 2023 06:27am
Editorials Time is of the essence EDITORIAL: The International Monetary Fund (IMF) submitted the Memorandum of Economic and Finance Policies (MEFP) to... Published 14 Feb, 2023 05:58am
Print IMF, govt look to reach deal ISLAMABAD: Talks between the International Monetary Fund and Pakistan will resume virtually on Monday, a Pakistani... Updated 14 Feb, 2023 09:04am
Print IMF-govt talks give birth to ‘mini-budget’ Finance Minister Ishaq Dar says government has agreed to impose Rs170 billion in additional taxes Updated 11 Feb, 2023 05:15pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?