Respite for Pakistan as IMF ‘receives’ $2bn assurance from Saudi Arabia
ISLAMABAD: Pakistan moved one step closer to the revival of the crucial bailout package of the International Monetary Fund (IMF) as Saudi Arabia has...
Saudi Arabia signals funding of $2 billion to Pakistan
ISLAMABAD: Pakistan’s economy is set to receive a much-needed boost as Saudi Arabia has given the green signal for funding worth $2 billion to...
Rupee hits all-time low at Rs288 against USD amid IMF delay
KARACHI: The Pakistani rupee on Tuesday plunged to a new all-time low against the US dollar, reaching Rs288 in the interbank market.
The devaluation of...
SBP jacks up key rate to record high of 21 per cent
KARACHI: The State Bank of Pakistan (SBP) further tightened its monetary policy on Tuesday, jacking up key policy rate by 100 basis points to...
Khunjerab Pass reopened for Pak-China trade after 3 years hiatus
ISLAMABAD: Khunjerab Pass, the only land route between Pakistan and China, has been reopened for trade and all kinds of traffic from today (Monday)...
‘50-year high’: Inflation spikes to 35.37 per cent in March
ISLAMABAD: Annual inflation, measured by the Consumer Price Index (CPI) of Pakistan, soared to a record high of 35.37 percent in March, compared to...
Pak-China border trade to restart next week after three-year hiatus
ISLAMABAD: Pakistan and China are set to resume trade from April 1 through Khunjrab Pass - the only land route between the two countries...
EU removes Pakistan from ‘List of High-Risk Third Countries’
ISLAMABAD: The European Union (EU) has removed Pakistan from the “List of High-Risk Third Countries” after which Pakistani businesses and individuals will no longer...
Petrol price likely to go down from April 1
ISLAMABAD: Following a reduction in international crude oil prices, the rates of petroleum products in Pakistan are expected to decline from April 1, reports...
Bailout package conditions have nothing to do with polls in Pakistan: IMF
ISLAMABAD: The International Monetary Fund (IMF) has clarified that it has not placed any condition for revival of the loan program for Pakistan that...
