Indian Ajay Banga is the new president of the World Bank
The World Bank’s board of governors on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, ushering in an Indian-born finance…
Business
Will the US suffer a massive 8 million job loss?
The United States is facing a potential economic disaster if the country defaults on its debt payments, the White House warned on Wednesday. The president’s…
Nepra further jacks up power tariff
The National Electric Power Regulatory Authority (NEPRA) on Wednesday approved an Rs3.70 per unit hike in the power tariff for K-Electric consumers on monthly fuel…
PAKISTAN’S SHORT-TERM INFLATION STAYS ABOVE 45%
The weekly inflation, measured by Sensitive Price Indicator (SPI), witnessed an increase of 0.15pc to jump to 46.82pc on a year-on-year basis for the week…
ECC approves up to 20pc rise in drug prices amid soaring inflation
The government on Friday approved an increase of up to 20 per cent in medicine retail prices, with the rise for essential drugs capped at…
Rupee hits one-month high at 283.39 to a dollar
Pakistani rupee ticked up 0.03%, or Rs0.08, on Wednesday and closed at a one-month high at Rs283.39 against the US dollar in inter-bank market, maintaining…
Finance Minister urges FBR to boost tax revenue collection efforts
Finance Minister Ishaq Dar has asked the FBR to enhance its efforts to achieve the true tax potential of the country. He made the remarks…
All conditions for staff-level agreement with IMF met: Ishaq Dar
Finance Minister Ishaq Dar has claimed that all the conditions for signing a staff-level agreement with the International Monetary Fund have been fulfilled by Pakistan….
Pakistan places first order for discounted Russian crude
Pakistan has placed its first order for discounted Russian crude oil under a new deal struck between Islamabad and Moscow, State Minister for Petroleum Musadik…
Pakistan shares plan to secure $3bn financing with IMF
The coalition government on Tuesday shared its plan with the International Monetary Fund (IMF) for securing an additional $3 billion to bridge the financing gap…