Afghan central bank drained dollar stockpile before Kabul fell FRANKFURT/MUMBAI: The Afghan central bank ran down most of its US dollar cash reserves in the weeks before the... Published 30 Sep, 2021 04:17am
Pakistan Paris Club extends Pakistan's debt payment deadline PARIS: The Paris Club of creditor countries said on Friday it was giving Pakistan another extension to service its... Published 24 Sep, 2021 10:01pm
Print ADB sees Pakistan on ‘path of recovery’ ISLAMABAD: Pakistan’s economic growth rebounded to 3.9 percent in fiscal year 2021 (ending 30 June 2021) and is... Published 23 Sep, 2021 02:57am
Markets IMF execs meets over charges boss changed data to favor China The board did not announce any immediate decision and said it would meet again soon Published 22 Sep, 2021 10:17am
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 22 Sep, 2021 03:48am
Print Taliban urge US to show ‘heart’ KABUL: The Taliban on Tuesday thanked the world for pledging hundreds of millions of dollars in emergency aid to... Published 15 Sep, 2021 02:36am
Business & Finance IMF gives Tanzania $567 million in Covid economic support The Washington DC-based lender approved $567 million (479 million euros) in Covid support for Tanzania Published 08 Sep, 2021 02:26pm
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 08 Sep, 2021 04:06am
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 25 Aug, 2021 04:43am
Business & Finance Saudi Arabia's economy grew 1.5% in Q2, first expansion since pandemic The oil sector contracted 7% year-on-year, but expanded 2.5% on a seasonally-adjusted quarter-on-quarter basis Published 09 Aug, 2021 12:26pm
World Health, trade chiefs urge jab makers to help poor nations GENEVA: Four of the world’s most prominent health, trade and financial organisations on Saturday implored Covid-19... Published 01 Aug, 2021 04:47am
Markets IMF extends loan agreement with Sierra Leone, disburses fresh $44 million Sierra Leone's economy contracted 2.16% in 2020, after growth of 5.6% in 2019, according to World Bank figures Published 28 Jul, 2021 02:29pm
World IMF raises Russia's 2021 economic growth forecast The IMF sees the global economy expanding by 6.0% in 2021 and 4.9% in 2022, no change from its previous estimates. Published 27 Jul, 2021 06:03pm
Editorials IMF and the sixth review EDITORIAL: In an exclusive interaction with Business Recorder, the International Monetary Fund (IMF) Resident... Published 26 Jul, 2021 05:21am
Opinion PARTLY FACETIOUS: The rupee-dollar parity “What is so funny?” “I am sorry – it’s too funny for words.” Splutter. “Have a glass of water, calm... Published 10 Jul, 2021 03:42am
Markets World Bank grants $300m loan for Costa Rica's COVID recovery plan The loan, which has been granted for 20 years and comes with a four-year grace period Published 30 Jun, 2021 10:29am
Opinion Rupee decline Finance Minister Shaukat Tarin in his wind-up speech in parliament this Friday lamented the rupee-dollar parity ... Published 28 Jun, 2021 04:38am
Business & Finance Top G7 development banks pledge $80bn for African firms LONDON: Top development banks from the world’s richest countries made a landmark joint pledge on Monday to pump ... Published 16 Jun, 2021 03:39am
Business & Finance Saudi inflation rate rises again in May, hits 5.7% Consumer prices rose slightly on a month-on-month basis, by 0.2%. Published 15 Jun, 2021 12:42pm
Print Govt may not get next IMF tranche in time: PPP ISLAMABAD: Pakistan People’s Party Senator Saleem Mandviwalla has said the government may not be able to receive... Published 14 Jun, 2021 03:39am
Business & Finance Final round of talks with IMF: Govt to strive for as much fiscal space as possible ISLAMABAD: The government’s economic team led by finance minister Shaukat Tarin will hold the final round of talks... Published 08 Jun, 2021 04:09am
Opinion Is economic thinking changing for the better? Pakistan is currently on its twenty third International Monetary Fund (IMF) programme and faces the most stringent... Published 07 Jun, 2021 03:34am
Pakistan Govt can’t hide its economic failure: Bilawal KARACHI: Pakistan People’s Party Chairman Bilawal Bhutto Zardari has said that the PTI government has put... Published 07 Jun, 2021 03:34am
Print Economic activity rebounds strongly: IMF ISLAMABAD: Economic activity in Pakistan worsened notably in fiscal year 2020 due to the Covid-19, recording a... Published 06 Jun, 2021 02:56am
Markets IMF, World Bank prioritize vaccine access to end pandemic But observers are pressing the institutions to do more, faster. Published 02 Jun, 2021 10:42am
Opinion Country needs a reality check Incoming Pakistani administrations are invariably high on optimism in their ability to achieve development that... Published 24 May, 2021 04:03am
Editorials Challenges for budget 2021-22 EDITORIAL: Finance Minister Shaukat Tarin faces multiple challenges in formulating the budget – economic and... Published 24 May, 2021 04:03am
Print Strong growth despite tough IMF programme: Tarin ISLAMABAD: Federal Minister for Finance Shaukat Tarin, on Saturday, said Pakistan has witnessed strong growth ... Published 23 May, 2021 03:06am
World IMF says ending COVID-19 pandemic possible at cost of some $50bn Highly unequal vaccination rates. Rich countries would benefit from boosting donations. Even with vaccinations, countries return to 'precarious normal'. Published 21 May, 2021 09:08pm
Editorials Can a weak economy afford nine holidays? EDITORIAL: The federal government has notified five working days Eid holidays - Monday 10 May 2021 to Friday 14 May... Published 07 May, 2021 04:35am