Finally, IMF approved the bailout program for Pakistan
After months-long hectic efforts, the International Monetary Fund (IMF) executive board Monday approved the seventh and eighth review of the stalled $6 billion Pakistan programme,…
Business
Miftah Ismail lambastes PTI leadership for trying to hamper IMF deal
Finance Minister Miftah Ismail castigated the PTI leadership after Shaukat Tarin allegedly asked Punjab and Khyber Pakhtunkhwa to withdraw from the International Monetary Fund’s (IMF)…
Flood causes a high current account deficit upcoming year in Pakistan
Repercussions may include higher imports, compromise on exports and rising inflation, which will undermine efforts of the government to tackle the macro headwinds. “Based on…
PM Shehbaz orders revision of electricity bills
Prime Minister Shehbaz Sharif on Friday directed the power distribution companies to revise the electricity bills of up to 200 units within 24 hours. The…
PKR continues to decline against dollar
The Pakistani rupee continued to decline against the US dollar on Thursday in anticipation of the executive board meeting of the International Monetary Fund (IMF)…
Govt may increase petroleum prices by Rs20 per litre
Government may increase prices of petroleum products by up to Rs20 per litre. On August 15, the government increased the petrol price by Rs6.72 per litre,…
Qatar Investment Authority plans to invest $3 bln in Pakistan
The Qatar Investment Authority (QIA) aims to invest $3 billion in Pakistan, Qatar’s Emiri Diwan said on Wednesday, lending support to the cash-strapped economy. “The…
Current account deficit reduce by extensively 45%
Pakistan’s current account deficit – the difference between the country’s foreign expenditure and income – narrowed down by a staggering 45% to $1.2 billion in…