Pakistan has to give assurances on financing BOP deficit: IMF External financing is one of the last in a string of prior actions the lender wants Islamabad to complete before it clears funding, IMF representative says Updated 06 Mar, 2023 02:55pm
Opinion Inflation out of control Consumer price index (headline inflation) rose by 31.5 percent in February (up by 3.7 percentage points from... Published 06 Mar, 2023 06:36am
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
Business & Finance Economy has nosedived due to poor policies, mismanagement: BMP LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) on Sunday said... Published 06 Mar, 2023 06:22am
Print TIFA moot agrees to ensure progress on all issues: govt ISLAMABAD: Commerce Minister Syed Naveed Qamar said that the meeting of the Pakistan-US Trade and Investment... Updated 06 Mar, 2023 08:42am
Business & Finance Pakistan receives $500m financing from Chinese bank ISLAMABAD: Pakistan has received $500 million from the Industrial and Commercial Bank of China Ltd (ICBC), Federal... Published 05 Mar, 2023 03:36am
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 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
Print Usage of 300 units and above: Rs3.39/unit additional surcharge on the cards ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Thursday showed consent to put its stamp on... Updated 03 Mar, 2023 08:53am
Pakistan Minister says inflation a tougher challenge than polls HYDERABAD: Sindh Minister for Information, Transport and Mass Transit Sharjeel Inam Memon while addressing a press... Published 03 Mar, 2023 06:12am
Opinion Developing countries’ lost decade? Global average temperatures have reached 1.2 degrees centigrade above the pre-industrial era, and most scientific... Updated 03 Mar, 2023 06:58am
Print NA body asks govt to remove obstacles to IP gas pipeline project ISLAMABAD: A National Assembly panel was informed on Thursday that because of the International Monetary Fund’s... Updated 03 Mar, 2023 08:51am
Business & Finance Dar says IMF deal likely next week, rejects default rumours ISLAMABAD: Federal Finance Minister Ishaq Dar Thursday said the staff-level agreement with International Monetary... Published 03 Mar, 2023 06:12am
Editorials Austerity measures watered down EDITORIAL: The federal government constituted a monitoring committee on 26 February to oversee the implementation of... Published 03 Mar, 2023 06:12am
Print Govt ‘mulling abandoning’ talks with IMF, claims Hammad ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Hammad Azhar on Thursday accused the government of planning to... Updated 03 Mar, 2023 09:01am
Pakistan Pakistan, IMF to reach staff-level agreement by next week: Ishaq Dar Says 'anti-Pakistan elements are spreading malicious rumours that Pakistan may default' Updated 02 Mar, 2023 07:45pm
Markets SBP raises key interest rate by 300bps, takes it to 20% Monetary Policy Committee expects inflation to rise further in the next few months Also moves next MPC meeting to April 4 from April 27 Updated 02 Mar, 2023 09:20pm
Business & Finance Auto parts maker Agriauto announces partial plant shutdown in March Says this is due to reduction in production volumes of major clients Updated 02 Mar, 2023 04:15pm
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
Print Subsidy to agri, zero-rated sectors withdrawn ISLAMABAD: The government has withdrawn subsidy to agriculture and five zero-rated sectors from March 1, 2023 as a... Updated 02 Mar, 2023 12:50pm
Print MPC to meet today KARACHI: The emergent meeting of the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will be ... Updated 02 Mar, 2023 09:13am
Editorials No good news on the horizon EDITORIAL: Moody’s Investors Service further downgraded Pakistan’s local and foreign currency issuer and senior... Updated 02 Mar, 2023 06:44am
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
Print Pakistan not on IMF board’s agenda? ISLAMABAD: The International Monetary Fund (IMF) Executive Board meeting scheduled for March 1 (today) will not... Updated 01 Mar, 2023 09:08am
Print Power sector: IMF has concerns about next year’s circular debt: Dastgir ISLAMABAD: Minister for Power, Khurram Dastgir Khan said on Tuesday that International Monetary Fund (IMF) has... Updated 01 Mar, 2023 09:07am
Business & Finance ADB renews resolve to help govt deal with economic challenges ISLAMABAD: A delegation of Executive Directors of the Asian Development Bank (ADB) of Japan, China and South Korea... Published 01 Mar, 2023 06:21am
Pakistan Pakistan ‘desperately needs debt restructuring’: Dr Murtaza Syed Former SBP deputy governor says situation is really bad, Pakistan caught in the crosshairs of a perfect storm Updated 28 Feb, 2023 05:57pm
Pakistan Moody's downgrades Pakistan's rating to Caa3, changes outlook to stable Says Pakistan's increasingly fragile liquidity and external position significantly raises default risks to a level consistent with a Caa3 rating Updated 28 Feb, 2023 08:23pm
Business & Finance MPC meeting on March 2: market expects 200bps hike in key policy rate In a widely expected move, the State Bank of Pakistan (SBP) on Tuesday morning announced that its Monetary Policy... Updated 28 Feb, 2023 04:59pm