Pakistan secures only 36% of external financing in 10MFY23

Pakistan secured only $8.12b, against a target of $22.81b in the first ten months of current fiscal year

China’s Xi unveils grand development plan with Central Asia allies

China's President Xi Jinping on Friday unveiled an ambitious plan to help elevate Central Asia to the next level of its development...

Minister refutes claims of abandoning $6.5b IMF bailout

Minister of State for Finance and Revenue, Dr Aisha Ghaus Pasha, dismissed rumors of Pakistan's withdrawal from the $6.5 billion IMF bailout...

ADB evaluation: TA project’s rating fell short in terms of overall success

Project’s design framework failed to account for potential delays caused by regulatory bodies and work deliverables

Senate finance committee directs SBP to prohibit cryptocurrency in Pakistan

Committee calls the exchange medium a “total fraud” and says it should never be legalised in Pakistan

Smuggling threatens closure of Pakistan’s steel industry, billions at stake

ISLAMABAD: Pakistan's domestic steel industry faces an uncertain future as large-scale smuggling operations continue to cripple the sector. The Pakistan Association of...

ECC approves Rs1bn for parliamentarians schemes

Rs1.6bn also approved for restoration of roads in flood affected areas
Global trade

CAD surplus continues in April amid decreased imports

Data released by the State Bank of Pakistan (SBP) on Tuesday revealed that Pakistan's current account recorded a surplus for the second...

South Korea defers Pakistan’s loan worth $19.91m

ISLAMABAD: The Republic of Korea has differed Pakistan’s loan worth $19.911 million, under the G-20 Debt Service Suspension Initiative (DSSI) framework on...

Pakistan’s external financing requirements for IMF deal unchanged: IMF

KARACHI: Pakistan’s external financing requirements have not been changed in talks with the International Monetary Fund (IMF) over bailout funds, the IMF...

Pakistan cannot take harsh decisions on IMF instructions, says Ishaq Dar

ISLAMABAD: Finance Minister Ishaq Dar said on Thursday that Pakistan cannot take harsh decisions on the instruction of the International Monetary Fund...

‘Digital Pakistan’ in a coma: What is the cost of the broadband shut down?

The three days of internet outage have affected gig-workers, freelancers, PoS machines, and telco operators alike. 

Pakistan’s deepening political crisis douses hopes for IMF relief

LONDON/KARACHI: The political crisis engulfing Pakistan is eroding hopes that the South Asian country can get its much needed programme with the...

Chinese company earnings reveal lopsided economic recovery

People in China splashed out on dining, travel and luxury goods after emerging from three years of pandemic restrictions but are still...

Could the bull-headed decision to arrest Imran Khan finally tip Pakistan towards default?

As former prime minister Imran Khan was pushed, manhandled, and shoved into the back of a rangers vehicle and hurried away into...