Chinese financing may help rupee claw back against dollar in upcoming week
KARACHI: Chinese financing valuing $500 million amid a national financial crunch and economic woes, might help rupee to gain strength against the dollar.
Reports on...
China again proves great friend; approves $1.3bn loan rollover for Pakistan
ISLAMABAD: Pakistan received $500 million from Chinese bank, Finance Minister Ishaq Dar announced late Friday, as part of the $1.3 billion facility approved by...
Pakistan again bow before IMF; SBP raises key interest rate by 300bps, takes it...
KARACHI: Bowing down to another demand of International Monetary Fund (IMF), the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) announced...
SBP likely to increase interest rates today in off-cycle review
KARACHI: The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) is likely to increase the interest rates when it meets today for an...
Maryam Nawaz responds to Rs5/litre petrol price drop
LAHORE: Pakistan Muslim League Nawaz's (PML-N) Senior Vice President and Chief Organizer, Maryam Nawaz Sharif, responded to the cut in petroleum prices by Finance...
Inflation shatters all records, spikes to nearly 50-year high of 31.5%
ISLAMABAD: In an alarming development, Pakistan’s inflation — measured by the consumer price index (CPI) — broke all previous records and skyrocketed to 31.5%...
Trade resumes as Pakistan, Afghanistan reopen Torkham crossing
PESHAWAR: The usual trade and movement of people between Pakistan and Afghanistan has fully resumed after the two sides reopened a key border crossing...
Pakistan accepts another IMF demand to increase interest rate
ISLAMABAD: Pakistan has agreed to raise the interest rate in an off-cycle review by two per cent, as the cash-strapped country faces pressure to...
Pakistan and the US discuss matters of market access, cooperation on trade
WASHINGTON: Federal Minister for Commerce Syed Naveed Qamar and USTR had comprehensive dialogue focusing on wide spectrum of trade and investment issues of mutual...
China, Iran come to Pakistan’s rescue from economic crisis
ISLAMABAD: Pakistan is struggling with its worst economic crisis in decades with its foreign exchange reserves, at their lowest in 10 years while two...
