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
Slashed by Rs 41? No change at all? What could happen going into this week’s fortnightly fuel pricing decisionÂ
Fuel prices are set to be assessed in the coming days. And while a significant reduction is possible, it might not happen for a number of reasons.Â
Transitioning away from a cash economy
What's wrong with extremely high levels of cash in our economy, and what needs to be done to fix this.
Rs 3.126tr added to Pakistan’s total debt in first two months of FY24 :SBP
ISLAMABAD: The Federal government's total debt surged by Rs 3.126 trillion to Rs 63.966 trillion between Jul-Aug, of the current fiscal.
According to...
EU MEPs approve extension of Pakistan’s GSP status till 2027
ISLAMABAD: Members of the European Parliament (MEPs) have voted in favour of extending Pakistan's Generalised System of Preferences (GSP) status, along with...
NEPRA notifies Rs1.71 per unit hike in power price under FCA of August
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has approved an increase in the price of electricity by Rs 1.71 per unit on...
Govt raises Rs 557bn in short-term debt against target of Rs 600bn
Cut-off yields for the three-month, six-month and 12-month T-bills stood at 22.5%, 22.85%, and 22.84%, respectively.