Challenging road ahead: Pakistan's economic growth projected to slow down to 2.1%: report EFG Hermes says political uncertainty will dent country's economic outlook Updated 25 Nov, 2022 06:12pm
Markets SBP-held foreign exchange reserves fall $134mn, stand at $7.83bn Decrease comes on account of external debt repayment Published 24 Nov, 2022 08:12pm
Pakistan Pakistan does not face any risk of default, reiterates Ishaq Dar Finance minister says on his advice government made 'categorical decision' not to approach Paris Club for debt relief Updated 24 Nov, 2022 03:59pm
Print Pakistan faces currency crisis danger: Nomura Nomura warns that Egypt, Romania, Sri Lanka, Turkey, Czech Republic and Hungary are also at a high risk of currency crises Updated 23 Nov, 2022 09:38am
Markets ‘Extreme liquidity crunch’ engulfs textile sector, says APTMA All Pakistan Textile Mills Association (APTMA), the country's largest industrial association, has said that an... Published 22 Nov, 2022 12:48pm
Markets Are Naya Pakistan Certificates losing their charm? Experts believe massive outflow in recent months is due to spike in global interest rates and uncertainty over Pakistan's economy Published 21 Nov, 2022 09:49pm
Pakistan Net FDI in Pakistan falls over 52% in first four months of FY23 Net Foreign Direct Investment (FDI) in Pakistan dropped 52.1% during the first four months of the ongoing fiscal ... Updated 21 Nov, 2022 07:25pm
Markets Pakistan's current account deficit clocks in at $567mn in October Increases 56% on month-on-month basis Deficit for July-October period, however, is nearly 47% lower on year-on-year basis Updated 21 Nov, 2022 10:37pm
Print State of economy: Dar rejects all speculations Finance Minister says Pakistan will make payment of $1 billion Sukuk Bond in time in the first week of next month Updated 20 Nov, 2022 04:16pm
Pakistan Dar looks to calm nerves, says Pakistan will not default on bond payments Finance minister reiterates country will meet international payment obligations, also dismisses rumours of looming fuel shortage Updated 19 Nov, 2022 07:18pm
Pakistan By 2050, Pakistan’s annual GDP can decline 18-20% due to climate change risks: World Bank Says impact on Pakistan's natural and human capital are likely to be severe Updated 18 Nov, 2022 07:17pm
Print Jul-Oct textile group exports down 1.34pc YoY ISLAMABAD: The country’s textile group exports declined by 1.34 percent during the first four months (July-October)... Updated 18 Nov, 2022 09:30am
Business & Finance Opening of LCs: Banks overcharging importers to face action, SBP assures NA panel ISLAMABAD: The State Bank of Pakistan (SBP) has assured the National Assembly’s Standing Committee on Finance... Published 17 Nov, 2022 05:59am
Markets Pakistan’s perceived default risk worsens 'owing to IMF uncertainty' Expert says CDS would normalise after inflows from friendly countries and global lender are realised Updated 16 Nov, 2022 06:26pm
Print Staff-level mission date not finalised: IMF wants required adjustments Political situation is also one of the factors behind delay in fielding a staff-level mission by the IMF Updated 16 Nov, 2022 11:17am
Print Russia ready to offer coal, not LNG Pakistan is trying to strike a deal with Russia for import of oil Updated 15 Nov, 2022 09:48am
Markets KSE-100 slides over lack of investor participation Value hunting towards the end of the session provides support to market Published 14 Nov, 2022 07:37pm
Markets Pakistan’s perceived default risk rises significantly 5-year CDS has increased from 2,208bps to 6,419bps in one month, says brokerage house Updated 14 Nov, 2022 08:42pm
Print Nepra approves paisa 51/kWh raise in KE’s tariff ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has approved an increase of Paisa 51/kWh in KE’s... Updated 12 Nov, 2022 09:39am
Business & Finance Jul-Oct remittances down 9pc YoY KARACHI: Inflows of home remittances fell by 9 percent during the first four months of this fiscal year (FY23) as... Published 12 Nov, 2022 05:55am
Markets Unauthorised foreign exchange activities: SBP introduces whistle blowing forum Move aimed at promoting environment of accountability and integrity Published 11 Nov, 2022 08:10pm
Markets 'Illegal channels take toll' as remittances fall nearly 16% in October Inflow drops to $2.2 billion, lowest since February 2022 Decline attributed to rise in informal channels and global economic slowdown Updated 11 Nov, 2022 10:26pm
Pakistan Climate change-induced disasters may significantly set back uplift plans: World Bank ISLAMABAD: Climate change-induced disasters could significantly set back Pakistan’s development ambitions and its... Published 11 Nov, 2022 07:08am
Print 9th IMF review: Framework yet to be finalized IMF and Finance Division have yet to agree on starting date for negotiations Updated 11 Nov, 2022 09:27am
Markets Alarm bells: SBP-held foreign exchange reserves plunge $956mn, stand at $7.96bn Decrease attributed to external debt servicing SBP says refinancing of loans in process, will improve foreign exchange reserves in coming weeks Published 10 Nov, 2022 07:04pm
Business & Finance SBP restrictions, rupee devaluation hitting auto sector: Indus Motor Company Says demand has declined due to economic downturn Updated 09 Nov, 2022 08:20pm
Markets FCA for September: Discos allowed tariff hike of 8 paisa/unit ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has increased Discos’ tariffs by Paisa 8 per unit... Published 09 Nov, 2022 03:41am
Markets SBP, FIA initiate joint action against illegal foreign exchange operators Joint teams have been tasked to identify and take penal/legal action against the perpetrators, says central bank Published 08 Nov, 2022 07:00pm
Business & Finance OGRA refutes reports of diesel shortage in country Says sufficient diesel stocks are available in the country to cater to the necessary demand Published 08 Nov, 2022 02:53pm
Pakistan Pakistan secures $13bn-14bn in financial commitments, says Dar Finance minister says IMF programme on track Reiterates action will be taken against those involved in currency manipulation Updated 08 Nov, 2022 02:50pm
Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’