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?
Interest rate hiked
The State Bank of Pakistan’s Monetary Policy Committee on Wednesday increased the benchmark interest rate 100 basis points, to 21 percent, in an attempt...
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
Investors brace for hard landing as banking woes stoke recession fears
Fears of a recession are growing on Wall Street, as stress in the banking sector following the collapse of Silicon Valley Bank and worries...
Current expenditures cross annual budgeted estimation within nine months
ISLAMABAD: Despite revising the revenue targets, conducting austerity drives and not providing funds for provincial elections, the federal government's current expenditures have crossed the...
Financial sector remains resilient despite tightening of macro-financial conditions: report
State Bank of Pakistan’s (SBP) annual publication Financial Stability Review (FSR) suggests that the level of overall risks to financial stability, as measured by Financial Vulnerability Index, has bottomed out in the calendar year 2017.
Rising tech-enabled millionaires could reshape Pakistan’s political landscape
Writing for The Express Tribune, author Usman Hanif explains that in Pakistan, technology is playing an increasingly crucial role in bridging the gap and...
Govt depending on non-tax revenue, borrowing to generate surplus budget: APBF
LAHORE: The All Pakistan Business Forum (APBF) has asked the government to take immediate measures as Pakistan’s medium-term debt repayment capacity has been weakening...
Russians reluctantly embrace Chinese cars after Western brands depart
As the exodus of Western carmakers narrows options for Russian consumers, Chinese automakers are filling the gap, forcing Russians to overcome their reluctance to...
Countries repatriating gold in wake of sanctions against Russia, study finds
An increasing number of countries are repatriating gold reserves as protection against the sort of sanctions imposed by the West on Russia, according to...
Oil rises on Saudi plan to deepen output cuts from July
Oil prices rose by more than $1 a barrel on Monday after top crude exporter Saudi Arabia pledged to cut production by a further...
Wall Street prepares for Treasuries mess as default looms
Anxiety is increasing in parts of Wall Street that rely on Treasury securities to function, with some traders starting to avoid U.S. government debt...
How much worse can China’s economic slowdown get?
China's economic activity data for July, including retail sales, industrial output and investment failed to match expectations, fuelling concern over a deeper, longer-lasting slowdown in...
Liftoff: Modi’s space push for India counts on private players
Encouraged by high-profile successes elsewhere, India wants its private space companies to increase their share of the global launch market by fivefold within the...
Miftah claims IMF “not interested” in providing Pakistan bailout
Former finance minister Miftah Ismail has claimed that the International Monetary Fund (IMF) is "not interested" in providing Pakistan with a bailout package.
Despite Sri...
