B2B barter trade opens doors to synergistic partnerships
Pakistan, Iran, Afghanistan and Russia have made great progress regarding trade. The government has allowed Pak-Iran, Pak-Russia barter trade. The Ministry of Commerce issued the…
Business
Rupee bounces back against US dollar following credit card settlement directive
The US dollar (USD) on Thursday witnessed a massive loss against the Pakistani rupee (PKR) in the open market. According to the State Bank of…
Ishaq Dar announces 8-rupee cut in petrol price
Finance Minister Ishaq Dar announced on Wednesday that the price of petrol was being reduced by Rs8 and high-speed diesel (HSD) by Rs5 per litre…
Nepra approves further hike in power tariff
The National Electric Power Regulatory Authority (NEPRA) on Wednesday jacked up the power tariff by Rs1.60 per unit. As per details, the power regulatory authority…
Dar vows to promote Islamic finance system in country
Finance Minister Ishaq Dar has reaffirmed the government’s firm resolve to promote Islamic finance industry and eliminate interest based system in Pakistan. Addressing the inaugural…
Pakistan ‘will absolutely not default’, asserts Dar
Finance Minister Ishaq Dar on Wednesday asserted that the country was not on the verge of a financial crisis and “will absolutely not default”. Dar’s…
Dar assures to take every possible step for provision of relief to masses in next budget
Finance Minister Ishaq Dar has assured to take every possible step for provision of relief to the masses in the next budget. Talking to Speaker…
Fiscal Policy and its relationship with Economic Growth
The 230+ million residents of Pakistan are currently experiencing formidable economic challenges, thus a path for boosting financial stability and growth needs to be fostered….
Pakistan may seek Chinese bailout due to IMF deadlock
Pakistan is now looking for a Plan B for averting full fledge eruption of the balance of payment crisis if the International Monetary Fund (IMF)…
IMF awaits assurance of financing for Pakistan
The International Monetary Fund (IMF) has said that it is reviewing the current situation developing in Pakistan and hopes a peaceful way forward will be…