Stalled bailout: Govt to stick it out despite IMF procrastination Minister of State for Finance Aisha Ghaus Pasha says government has made considerable progress with respect to the IMF programme and does not want to detract Updated 18 May, 2023 10:29am
Print Subsidy availed under ZRI scheme: Finance Division proposes industries’ forensic audit ISLAMABAD: The Finance Division has proposed forensic audit of industries which availed subsidy under Zero Rated... Updated 18 May, 2023 09:34am
Markets Inter-bank: rupee sustains losses, settles at 285.4 against US dollar Currency depreciates 0.16% on Wednesday Updated 17 May, 2023 05:18pm
Markets Currency values in terms of Special Drawing Rights WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special... Published 17 May, 2023 06:22am
Print Second consecutive month: Pakistan posts $18m current account surplus in April KARACHI: For the second consecutive month, Pakistan has posted a current account surplus in April 2023 mainly due to... Updated 17 May, 2023 09:52am
Print $2bn Saudi deposits: Pakistan to pay 4pc annual profit Saudi Arabia had agreed to deposit amount to meet one of the preconditions of the IMF Updated 17 May, 2023 10:35am
Print Power sector subsidy: Finance shows willingness to allocate Rs450bn ISLAMABAD: Finance Division has reportedly shown willingness to allocate Rs 450 billion for power sector subsidy in... Updated 17 May, 2023 09:10am
Editorials Economy between the devil and the deep blue sea EDITORIAL: Pakistan Bureau of Statistics (PBS) calculated a Sensitive Price Index (SPI) for the week ending 11 May... Published 17 May, 2023 06:22am
Editorials Decline in workers’ remittances EDITORIAL: Remittance inward flows declined to 22.74 billion dollars July-April 2023 against 26.14 billion dollars ... Published 16 May, 2023 03:23am
World IMF official says Sri Lanka reforms critical, evaluating progress COLOMBO: The International Monetary Fund (IMF) mission in Sri Lanka will evaluate progress made on reforms so far... Published 15 May, 2023 06:46pm
Business & Finance Russia risks cloud outlook for Central Asia, Caucasus: IMF ALMATY: Economic growth in Central Asia and the Caucasus will depend on how Russia’s economy performs in the face... Published 15 May, 2023 07:26am
Business & Finance Higher mark-up rates will drive economy to the verge of collapse: Saifullah PESHAWAR: Former federal minister, Salim Saifullah Khan has said that the escalating mark-up rates are poised to ... Published 15 May, 2023 06:41am
Opinion Dwindling forex reserves and bravado Consumer Price Index rose to 36.4 percent in April - a rise of one percent from March 2023, 23.7 percent from March... Updated 15 May, 2023 08:15am
Print External financing requirements for deal remain unchanged: IMF ISLAMABAD: Staying within the policy framework agreed for the ninth review and sufficient financing from partners to... Updated 15 May, 2023 09:09am
Business & Finance Ghana expects first $600m tranche from IMF ACCRA: Ghana expects the International Monetary Fund to approve a first loan tranche of $600 million as soon as... Published 15 May, 2023 06:41am
Pakistan Ninth review: fresh financing requirements unchanged, says IMF Resident representative says 'no truth to reports that IMF is asking Pakistan to raise $8bn in fresh financing' Published 14 May, 2023 05:58pm
Pakistan IMF stresses on ‘staying within agreed policy framework, securing financing’ Washington-based lender says it has taken note of recent (political) developments, and hopes peaceful way forward is found Updated 14 May, 2023 06:00pm
Business & Finance Federal budget: Govt has not as yet started consultation with business community: FPCCI chief KARACHI: Irfan Iqbal Sheikh, President FPCCI, has expressed his profound concerns that the government and its... Published 14 May, 2023 03:24am
Opinion Govt on course to wind things up A politician looks up to the next election while a statesman’s vision extends beyond the welfare of the next two... Updated 13 May, 2023 06:25am
World IMF keeps 2023 Philippines growth forecast, but cites inflation risk MANILA: The International Monetary Fund (IMF) kept its economic growth forecast for the Philippines this year at... Published 12 May, 2023 05:58pm
Markets Dramatic U-turn: rupee stages comeback, settles at 285.08 against US dollar Massive gain comes a day after it plunged near the 300 level in inter-bank market Updated 12 May, 2023 07:25pm
Opinion Economic stress Since around September 2021, and especially since April last year, economic stress has come to Pakistan from a ... Updated 12 May, 2023 06:33am
Markets Currency values in terms of Special Drawing Rights WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special... Published 12 May, 2023 05:59am
Business & Finance Forex reserves fall $53m KARACHI: The country’s total liquid foreign exchange reserves slightly fell by $ 53 million during last week.... Published 12 May, 2023 05:59am
Print Pakistan needs significantly more financing for successful bailout review: IMF WASHINGTON: Pakistan needs significant additional financing for a successful completion of the long-stalled ninth... Updated 12 May, 2023 12:29pm
Print Govt to scrap fuel subsidy plan, IMF told ISLAMABAD: Pakistan has told the International Monetary Fund (IMF) it will not implement a fuel subsidy programme as... Updated 12 May, 2023 08:45am
Print Federal budget on June 9: Govt will fulfil all external obligations: Dar Says there is a plan for foreign payments of $3.7 billion in May and June Updated 12 May, 2023 10:29am
World US default would have ‘very serious repercussions’: IMF WASHINGTON: The International Monetary Fund warned Thursday of severe consequences if the US defaults on its debt,... Updated 11 May, 2023 10:01pm
Markets Political turmoil damaging Pakistan’s already battered economy Analysts say ongoing political crisis and massive uncertainty driving concerns of default, further delay in IMF programme Published 11 May, 2023 03:19pm
World Russia risks cloud outlook for Central Asia, Caucasus: IMF ALMATY: Economic growth in Central Asia and the Caucasus will depend on how Russia’s economy performs in the face of... Published 11 May, 2023 03:04pm