IMF delays revival of much-needed programme for Pakistan
DOHA: The International Monetary Fund (IMF) late Wednesday delayed the revival of the stalled $6-billion programme under External Financing Facility (EFF) for Pakistan.
The revival...
Political mayhem: Pakistani rupee nosedives against US dollar
KARACHI: The Pakistani rupee dropped to a historic low of Rs202 against the US dollar on Wednesday as an ongoing political crisis rocked confidence...
Anti- Tobacco Activists urge government to raise taxes on tobacco products
MURREE: Pakistan's top social and digital media influencers pledged to create awareness against the use of tobacco in the country.
They made the commitment in...
Monetary policy: SBP jacks up interest rate by 150bps, rises to 13.75%
KARACHI: The State Bank of Pakistan (SBP) on Monday raised the benchmark policy rate by 150 basic points (bps) to 13.75 per cent for...
Not to raise petrol price, will seek more time from IMF: Miftah
KARACHI: Finance Minister Miftah Ismail on Monday said that government cannot hike petrol price and it has decided to seek more time from International...
Pakistan-IMF talks: Government likely to withdraw subsidies before Monday
DOHA: In a major development on the third day of negotiations held between Pakistan and the International Monetary Fund (IMF) in Qatari capital, the...
Imran Khan reduced petroleum prices fearing no-trust move: PM Shehbaz
KARACHI: Prime Minister Shehbaz Sharif on Friday said that former PM and Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan has laid a trap for the...
Dialogue to review latest economic development, policy from May 18
ISLAMABAD: Pakistani authorities and International Monetary Fund (IMF) would begin talks next week from May 18 to review “the latest economic developments and policy...
Punjab CM directs sugar mills to sell sugar at Rs 70 per kg
LAHORE: Chief Minister of Punjab Hamza Shahbaz Sharif directed all sugar mills to sell sugar at Rs 70 per kilogram.
The Punjab CM’s team held...
Pakistan likely to get additional $2.5b funding from ADB for next fiscal year
ISLAMABAD: The Asian Development Bank (ADB) is likely to give an additional $2.5 billion in budgetary support to Pakistan in the fiscal year 2022-2023...
