Pakistan hopeful of positive response from Qatar, Saudi Arabia soon, says finance minister
ISLAMABAD: Pakistan is seeking financial assistance from Saudi Arabia, Qatar and UAE to stabilize the economy and is hopeful for a positive result, said...
Rupee breaches 200-mark against dollar once again
KARACHI: The Pakistani rupee plunged to 200.50 against the US dollar in the interbank market as concerns regarding the upcoming budget 2022-23 and revival...
Pakistani Rupee slides by 98 paisa per USD in interbank
KARACHI: The Pakistani rupee has further lost its value by 98 paisa due to delays in loans and depleting foreign exchange reserves.
The rupee was...
Rupee reverses trend, sheds 0.17% against US dollar
KARACHI: The Pakistani rupee reversed the momentum as it shed 0.17% to close at Rs197.92 against the US dollar in the interbank market owing...
Tough decisions taken to avoid bankruptcy, revive national economy: Petroleum Minister
ISLAMABAD: Minister of State for Petroleum Dr Musadik Malik has said the incumbent government had taken tough decisions regarding subsidies on petrol and diesel,...
Imran Khan jeopardizing Pakistan’s attempts to fix its economy: The Economist
ISLAMABAD: International magazine The Economist says that Imran Khan is endangering the process of improving the economy, the former Prime Minister is diverting the...
Government increases petrol price by Rs30 per litre
ISLAMABAD: In another jolt to the inflation-hit masses, the government has decided to increase petrol and diesel prices by Rs30 per liter from June...
Moody’s Investors Service downgrades Pakistan’s outlook to negative
SINGAPORE: Moody’s Investors Service Thursday downgraded the outlook on Pakistan’s rating to negative from stable and affirmed the ‘B3’ local and foreign currency long-term...
Chinese banks agree to refinance Pakistan with $2.3 billion funding
ISLAMABAD: Finance Minister Miftah Ismail said Thursday that Chinese banks have agreed to refinance Pakistan with $2.3 billion worth of funds which will "shore...
Pakistan, Turkey to shore up strategic, economic ties
ANKARA: Pakistan and Turkey have agreed to enhance their strategic and economic relationship and decided to take measures for eliminating terrorism.
Two countries made the...
