Moody’s Upgrades Pakistan’s Rating to Caa2; Changes Outlook to Positive
WASHINGTON: Global rating agency Moody’s on Wednesday upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa2 from Caa3.
The international...
Third Oil and Gas Reservoir Discovered in a Month
ISLAMABAD: A third oil and gas reservoir has been discovered in the Razgir-I Formation of the Kohat Tal Block, marking the third such find...
Firewall Issue Causes $300 Million Loss to Country’s IT industry
ISLAMABAD: The country’s IT industry has been hit hard by poor internet service as it has suffered a loss of $300 million so far.
Underscoring...
Premier Dissatisfied With Work of Stefan Dercon; Assigns Task to Ishaq Dar
ISLAMABAD: Prime Minister Shehbaz Sharif, dissatisfied with the work of UK-based economist Stefan Dercon, has assigned the responsibility of developing the "home-grown economic development...
MSCI Adds 7 Pakistani Companies to Global Indices
NEW YORK: Pakistan has attained another in Pakistani stock market's crown and gains a new economic scenario as Morgan & Stanley Capital International (MSCI)...
Big Relief for Pakistan: ‘Friends in Need’ Roll Over $12bn Debt for One Year
ISLAMABAD: Pakistan has received significant relief from its 'Friends in Need' as China, Saudi Arabia, and the United Arab Emirates (UAE) have agreed to...
Pakistan Witnesses Rise in Exports During FY24 with Decline in Imports: Reports
ISLAMABAD: Pakistan has witnessed a “remarkable” rise in its exports during the current fiscal year following the establishment of the Special Investment Facilitation Council...
‘PTI Paid Heavy Interest on IMF Loans, PPP Remains Top Borrower Followed by PML-N’
ISLAMABAD: Previous regime of Imran Khan-led Pakistan Tehreek-e-Insaf (PTI), during its tenure (2018-2022) paid the highest interest on its loans to the International Monetary...
Credit Rating of Pakistan Upgraded to ‘CCC+’ by Fitch
ISLAMABAD: Fitch Ratings upgraded Pakistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) from 'CCC' to 'CCC+' on Monday.
This upgrade reflects an improvement in Pakistan's external...
China Pledges Support for Pakistan in IMF Approval Process: Aurangzeb
ISLAMABAD: Finance Minister Muhammad Aurangzeb announced on Sunday that China has pledged its support for Pakistan in securing the approval of the International Monetary...
