Cannot defer reform agenda anymore, says Finance Minister
Federal Minister for Finance Muhammad Aurangzeb on Thursday said the government would “move forward” with structural reforms in key sectors as it cannot “defer this…
Business
Govt reduces petrol price by over Rs6 per litre for next fortnight
The federal government on Wednesday reduced the petrol price by Rs6.17 per litre for the next fortnight after a drop in oil rates in the…
OGRA cuts LNG price
The Oil and Gas Regulatory Authority (OGRA) on Wednesday notified a reduction in price of Liquefied Natural Gas (LNG) by 8.50 per cent while increasing…
Major reduction in fuel prices expected
Following a decline in global oil prices, Pakistan is expected to see a significant reduction in petroleum product prices from August 1. Petroleum prices likely…
Fitch upgrades Pakistan’s sovereign credit rating to CCC+ following IMF pact
International credit rating agency Fitch on Monday upgraded Pakistan’s long-term foreign currency issuer default rating (IDR) from CCC to CCC+. The upgrade signifies an improvement…
State Bank cuts key policy rate by 100bps to 19.5pc
The State Bank of Pakistan (SBP) on Monday reduced the interest rate by 1% or 100 basis points (bps) from 20.5% to 19.5%, the second…
$27bn re-profiling needed from friendly countries for IMF deal
Pakistan has initiated a major effort to restructure its debt obligations with key allies, China, Saudi Arabia, and the UAE, in a bid to secure…
Robust measures being taken to improve economy: Finance Minister
Finance Minister Muhammad Aurangzeb has said robust measures are being taken to improve country’s economy. Addressing a press conference in Islamabad today, he said reforms…
PSX opens with KSE-100 Index falling by 162 points
The Pakistan Stock Exchange (PSX) started the trading session today on a negative note, with the KSE-100 Index falling by 162 points. This decline brought…
IMF board likely to approve $7b bailout for Pakistan in August
The International Monetary Fund (IMF) Executive Board is anticipated to convene in mid-August to finalize the approval of a $7 billion bailout package for Pakistan….