‘Potential IMF programme to be around $15bn’
A potential International Monetary Fund programme for Pakistan could be valued at $15 billion, the Institute of International Finance (IIF) said in...
Pakistan to share Chinese debt details with IMF, says Asad Umar
Decision to approach IMF was made after consultation with KSA, China
ISLAMABAD: Pakistan will be sharing the details of debt it received from...
Indonesia asked to setup JVs for palm oil production in Pakistan
ISLAMABAD: Islamabad Chamber of Commerce and Industry President Ahmed Hassan Mughal has urged the Indonesian investors to set up joint ventures in Pakistan...
Getting it right
Pakistan has decided to go to the IMF for a bailout. Presumably this long-awaited and much-delayed decision has been taken after exhausting all other options.
Fawad welcomes Spanish investment in energy, tourism
ISLAMABAD: Information and Broadcasting Minister Chaudhry Fawad Hussain on Friday welcomed the Spanish companies for investing in the energy, infrastructure and tourism projects...
Export of surgical goods reaches $58.585mn in two months, declines by 4.71pc YoY
ISLAMABAD: Surgical goods and medical instruments worth $58.585 million were exported from the country during the first two months of the current financial year as...
Planning Ministry rebuffs western media’s fresh report on CPEC
‘Infrastructure sector is being developed through interest-free or government concessional loans’
‘Benefits of CPEC investments will far outweigh the outflows’
ISLAMABAD: The Ministry of Planning...
SBP’s foreign reserves decline by $101mn
The total liquid foreign reserves held by the country stood at $14,852.1 million on 5 October 2018.
Foreign reserves held by the State...
Rupee rebounds by Rs1.87 against dollar in inter-bank market
This was the third consecutive day that the rupee recovered Rs3 of its value against the dollar, resulting in a cumulative gain of 7.14% since touching Rs140 in the kerb market on Tuesday
‘Path of thorns’: An IMF bailout set to impede Pakistan PM’s populist agenda
Reserves have plummeted 41 percent this year to stand at $8.3 billion, or about 1.6 months of import cover, despite China lending billions of dollars to Islamabad to prop up the currency
US says Chinese debt responsible for Pakistan’s economic quagmire
On Thursday, the International Monetary Fund (IMF) launched formal bailout talks with Pakistan and IMF managing director Christine Lagarde said she would require “absolute transparency” of Pakistan’s debts, including those owed to China
IMF warns trade friction, market turmoil to hurt Asian growth
The IMF maintained its forecast that Asia’s economy will expand by 5.6 percent this year but cut its projection for next year to 5.4 percent, down by 0.2 points from April
PEC asks govt to announce Diamer-Bhasha Dam public limited company
The PEC urged the government to float its shares on the stock market for public subscription, which would allow to raise funds for the Diamer-Bhasha dam
Chinese entities interested in providing IoT, financial and transportation solutions in Pakistan
Megvii Technology based in Beijing is seeking to enter the Pakistani market for developing apps and other software for transportation departments and one of its services can recognize vehicles’ number plates
Punjab working on roping in private sector investment for development projects
The Punjab government is looking to use its vacant land for industrial and commercial purposes which would enhance economic activities and allow it to generate revenue, said Bakht