Govt raises Rs1.1tr in short-term debt as T-bill yields decline slightly
The State Bank of Pakistan (SBP) raised Rs 1.09 trillion in short-term debt via a treasury bills (T-bills) auction held on Wednesday....
Govt to start exploring raw materials for fertilisers, batteries
ISLAMABAD:Â The federal government of Pakistan has set in motion ambitious efforts to host exploration missions for phosphate and lithium ores. These...
IMF team will travel to Pakistan next month for first review under SBA Â
ISLAMABAD: The International Monetary Fund (IMF) team will visit Islamabad in the first week of November to review the country's economic performance...
Financial crisis hits two-thirds of KP Municipal Administrations, urgent need for Rs343mnÂ
PESHAWAR: In Khyber Pakhtunkhwa, 92 tehsil municipal administrations are struggling with a severe financial crisis. These administrative bodies, employing 343,000 individuals and...
CCP approves Bank Alfalah’s investment in QistBazaar
ISLAMABAD: The Competition Commission of Pakistan (CCP) has given its nod for Bank Alfalah Limited to acquire a substantial 7.2% shareholding in...
Rupee sees marginal decline after nearly a month of consistent appreciation
The rupee fell by 20 paise in the interbank market. Will it become a downtrend?
Exclusive: China tells banks to roll over local government debts as risks mount – sources
China has told state-owned banks to roll over existing local government debt with longer-term loans at lower interest rates, two sources with...
Pakistan borrows $3.527bn in first quarter
ISLAMABAD: Pakistan borrowed $3.527 billion from multiple financing sources during the first quarter (July-September) of the current fiscal year 2023-24 (FY24) compared...
Pakistan, China to sign addendum on ML-1 railway project
ISLAMABAD: Pakistan and China will sign an addendum on ML-1 during the upcoming Belt and Road Forum to be held on October...
FBR registers FIR on Rs 314.8bn Sales Tax fraud
ISLAMABAD: The Federal Board of Revenue has registered a First Information Report (FIR) against a Karachi based company on account of huge...
PM approves 140% executive allowance for FBR officersÂ
Allowance will only be given to a few officers of grade 17 and above
Cotton crop expected to grow by more than twice
ISLAMABAD: Pakistan's agricultural sector is gearing up for a transformative year with an anticipated 126.6% surge in cotton production. The revelation came...
IMF projects Pakistan GDP to grow by 2.5% in 2024
ISLAMABAD: In its latest report, the International Monetary Fund (IMF) has projected the GDP growth rate for Pakistan at 2.5% for FY24.
In...
IMF says global economy ‘limping along’, cuts growth forecast for China, euro zone
The International Monetary Fund on Tuesday cut its growth forecasts for China and the euro zone and said overall global growth remained...
PM Kakar prepares for China visit amidst supposed slowdown in CPEC expansion  Â
Pak-China likely to sign $6.67 billion worth agreement on ML-1 railway project during PM Kakar’s upcoming ‘VVIP’ visit to China