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...
Premier Shehbaz expresses gratitude to ‘friendly nation’ for assistance before IMF deal finalized
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday expressed gratitude to a “very friendly nation” for providing assistance to Pakistan even before the finalization of...
Faysal Bank posts 67% growth in profit
ISLAMABAD: Faysal Bank Limited (FBL) achieved the landmark of Rs. 1 trillion in Balance Sheet footings with a record Profit Before Tax of Rs....
Petroleum products import bill shrinks by 9.27pc in 7 months of FY23
ISLAMABAD: The imports of the overall petroleum group contracted by 9.27 per cent during the first seven months of the current fiscal year (2022-23)...
Pak-Afghan Border Closure: Traders worried about spoilage of perishables
PESHAWAR: A large number of vehicles are stranded on both sides of Torkham due to Pak-Afghan border closure for third consecutive day and traders...
Pakistan’s poor should benefit from subsidies, not rich: Kristalina
ISLAMABAD: The International Monetary Fund (IMF) urged Pakistan to give relief to the people segment of the society who need them, the resources should...
SBP-IMF talks: Central Bank asked to increase forex reserves
KARACHI: After holding rounds of talks over tightening the monetary policy the International Monetary Fund (IMF) and State Bank of Pakistan (SBP) concluded to...
Sigh of relief: NEPRA notifies Rs2.32 per unit cut in power tariff
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Thursday notified a reduction of Rs2.32 per unit for Ex-WAPDA distribution companies (XWDISCOs) consumers on...
