Pakistan’s reserves adequacy lowest among rated sovereigns: Moody’s
Moody’s stated the share of foreign currency debt is relatively low at approximately 35% of total government debt
Fresh audit reveals PIA’s market share greatly diminished between 2008-2017
According to the audit report, the state-owned airline couldn’t continue as a going concern without the assistance of the government since it had accumulated a loss of Rs361 billion till December last year
GNL set to launch Renault trucks in Pakistan
GNL will be responsible for the import, distribution and after-sales service of the three new ranges and also the CKD assembly at its manufacturing site located at Port Qasim, Karachi by the end of next year
PSO receivables balloon to Rs345 billion
According to PSO, receivables include Rs268.5 billion from the power sector, Rs43.9 billion from Pakistan International Airlines (PIA) and government and Rs32.6 billion from the Sui Northern Gas Pipeline Limited (SNGPL)
IMF calls government to relinquish its role of notifying electricity rates
IMF delegation asked authorities to undertake further revisions to the Nepra Act to ensure automatic notification of quarterly, annual and multi-year tariffs ascertained by the regulator on the lines of monthly fuel price adjustment announced directly by Nepra
Engro needs a year for next LNG import terminal decision
Royal Dutch Shell, trading house Gunvor and local company Fatima are partners in Engro’s second planned terminal which would be located at Port Qasim with a Floating Storage and Regasification Unit (FSRU) vessel processing the gas
Saudi Arabia to disburse $3 billion aid to Pakistan in next few days
The ambassador said the Saudi government will also provide oil facility to Pakistan worth $3 billion annually, on deferred payment
‘Terms for Chinese assistance being worked out but numbers can’t be revealed’
ISLAMABAD: Chinese Deputy Chief of Mission (DCM) Zhao Lijian said on Wednesday that the modalities of Chinese assistance to Pakistan are being...
IMF bailout still in Pakistan’s best interest, says Asad Umar
'It will be a huge challenge if there is no headway in the negotiations in the next few days'
Finance Minister Asad...
IMF hopeful of economic turnaround under incumbent regime
Mission says CPEC will not only increase Pakistan's energy production but will also help the country achieve sustained economic growth
ISLAMABAD:Â The International Monetary Fund...
‘Rupee depreciated 7.7pc against dollar since PTI takeover’
State minister attributes the fall in exchange rate to the deterioration in balance of payments during last fiscal
ISLAMABAD:Â State Minister for...
Pakistani businessmen urged to form strong liaison with US counterparts
LAHORE:Â An eleven-member delegation of US businessmen, led by Bolingbrook (USA) Mayor Roger C Claar, held business-to-business meetings with their Pakistani counterparts to...
Foreign direct investment dips 46.4pc in four months
KARACHI: The country’s foreign direct investment (FDI) dipped by 46.4 per cent ($519.2 million) in July-October 2018-19 and stood at $600.7 million, as...
China to boost grain imports from ‘Belt & Road’ countries amid Sino-U.S. trade spat: Official
The country’s meat demand could hit 123 million tonnes while demand for grain is expected to peak at 750 million tonnes, the researcher added, without saying when those numbers would be reached
Centre’s resentment growing on provinces failure to forward nominations for NFC
The solitary nomination is said to have been received from KP and rest of the provinces including Punjab, Sindh and Balochistan have failed to forward their nominations for non-statutory (technical expert) members to the NFC.