Once booming Indian startups set for more pain as funding crunch worsens
A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with...
Foreign reserves plunge to four-year low after 4.4 per cent drop
Foreign currency reserves held by SBP were recorded at $9,063.6 million, down $415.9 million
Pakistan’s inflation rate ringing alarm bells amid financial turmoil
The inflation rate in Pakistan has always been on the high side since the last couple of years. The average Pakistani has been in...
Market unshaken despite external woes, gains 13pc QoQ
LAHORE: Despite depleting foreign exchange reserves, Pakistan equities continued its positive trajectory for third consecutive week, gaining 530 points (+1.2 per cent) to close...
Fed, economists make course correction on US recession predictions
Blame it on economic theory not matching reality, groupthink among forecasters or political partisanship by opponents of the Biden administration, but a year ago...
Ahead of budget, is the FPCCI off tangent?
On 25th May 2021, four of the country’s leading newspapers carried an appeal to the Honorable Prime Minister. Unlike the annual pre-budget industry lobbying,...
Can Shehbaz Sharif really be credited with saving Pakistan from default?
After 16 months of intense fiscal management, the question is who put Pakistan so close to the brink in the first place?
Foreign assistance, ongoing projects featured in Sindh’s agriculture development budget
The Sindh government plans to allocate Rs6.9 billion from its estimated Rs 700 billion development expenditure budget for FY24 to the agriculture sector.Â
This allocation...
Country’s direct investment dips by 2.8pc to $1.382bn in July-Dec 2017
KARACHI: The country’s Direct Investment (DI) has dipped again by 2.8 per cent to $ 1.382 billion during the first half of the current...
US Congress averts historic default, approves debt-limit suspension
The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the government's $31.4 trillion debt ceiling, averting what would...
From direct to indirect: SBP’s rewiring of Pakistan’s financial architecture
A deep dive into how Pakistan's central bank responded to lending restrictions by creating an elaborate system of regulatory accommodations and creative compliance. The result? A financial sector more intertwined with government debt than ever before
Tesla’s Musk eyes significant India investments after meeting Modi
Tesla (TSLA.O)Â chief executive Elon Musk said India's Prime Minister Narendra Modi was pushing the car maker to make a "significant investment" in the country,...
Govt to hire professionals to solve governance issues in power sector
ISLAMABAD:Â In order to address governance problems in ten power distribution companies (DISCOs), the government has decided to hire sound and experienced professionals to provide...
Exclusive: Embattled Shehbaz claims political uncertainty not a hindrance in IMF talksÂ
Claims his govt has accepted ‘harsh’ terms from the fund and is trying its best not to offend the IMF
For nth time, Dar claims staff-level agreement right around the cornerÂ
The finance minister’s promises seem to have stopped giving confidence to the markets which continued to show negative trends.Â
