Pakistani authorities did not consult with the International Monetary Fund (IMF) staff ahead of announcing their recent fuel subsidy proposal, the lender’s resident representative said….
Minister of State for Petroleum Musadik Masood Malik said on Monday that the government will charge Rs100 more for petrol from the affluent so that…
The government raised the price of petrol to Rs272 per litre, adding pressure on the inflation-weary people. The Finance Division, in its fortnight bulletin, attributed…
Finance Minister Ishaq Dar has given yet another date for inking the deal with the International Monetary Fund. This time, according to his hopes, the…
Finance Minister Ishaq Dar says that the Chinese Bank ICBC has approved rollover of 1.3 billion US dollar loan after completing the necessary formalities. In…
The Pakistan rupee gained its ground against the US dollar after the market gained hope on Finance Minister Ishaq Dar’s assurances of striking a deal…
Finance Minister Ishaq Dar said on Thursday that Pakistan’s negotiations with the International Monetary Fund (IMF) related to the completion of the ninth review of…
The State Bank of Pakistan (SBP) announced on Thursday that it had increased the interest rate by 300 basis points (bps) to 20 per cent…
The Pakistani rupee’s value declined sharply in the interbank trading on Thursday with the local currency falling by Rs18.89 against the US dollar. According to…
Moody’s Investors Service has downgraded the government of Pakistan’s local and foreign currency credit ratings to Caa3 from Caa1 in the wake of the drop…