Saudi Arabia interested in investing in Gwadar port and other CPEC projects
BEIJING: There have been solid indications that Saudi Arabia is interested in investing in the port city of Gwadar and other projects...
Pakistan has officially requested for financial assistance: Lagarde
Pakistan has gone to the IMF several times since the late 1980s. The most recent was in 2013 when Islamabad got a $6.6 billion loan to tackle a similar crisis
Car sales inch up by 1.1 percent in July-September 2018
The country’s auto sales grew by 3 percent YoY in September 2018, breaking the trend of falling volumes in the past couple of months
Veon withdraws offer for subsidiary’s stakes in Pakistan and Bangladesh
In July, Global Telecom Holding (GTH) had said it received an offer from VEON Ltd to purchase its assets in Jazz and associated operations in Pakistan for $2.55 billion
Pakistan seeking $8 billion IMF bailout: Report
Pakistan has been a recipient of over a dozen IMF bailouts in the last two to three decades
IMF’s Lagarde says Pakistan hasn’t asked for financial assistance
Addressing a news conference at the IMF and World Bank annual meetings in Bali, the IMF’s Maurice Obstfeld cautioned that increased Chinese involvement in Pakistan’s economy could bring both benefits and risks
Pakistan among economies most vulnerable to refinancing risks
LONDON:Â Sri Lanka, Armenia and Pakistan top the list of smaller emerging economies most vulnerable to refinancing risks, because they face a combination...
Exports surge by 4.56pc in three months
KARACHI: Pakistan’s exports enhanced by 4.56 per cent to $5.390 billion in the first three months of Financial Year 2018-19, as compared to...
Pakistan attracts $11.96bn net FDI in five years
-- China made the highest investment of $4.966 billion, followed by UKÂ with $1.6 billion
ISLAMABAD:Â The country has attracted $11.96 billion net Foreign Direct...
Pakistani rupee, the cheapest currency in South Asia: Report
The International Monetary Fund (IMF) has currently projected Pakistan’s current account deficit will contract from 5.9 percent of GDP in 2018 (the worst in emerging markets) to 5.3 percent of GDP in 2019 (again the worst in EM)
Global financial stability risks rising with trade tensions, IMF says
In the report, the IMF said economic growth appears to have peaked in some major economies while the gap between advanced countries and emerging markets was widening.
Domestic cement consumption rebounds, grow 18.9 percent in September
Southern region exports also surged by a gigantic 212.13 percent to 1.044 million tons against 0.334 million during July-September 2017
Record rupee devaluation pushes total debt & liabilities to shoot up by Rs900 billion
An official stated the latest round of devaluation and exchange rate would assist in reducing the import bill which stood at a record $60.9 billion in the preceding FY18 and rein in current account deficit
Car manufacturers may hike prices, after record rupee devaluation
The interest rate hike by the central bank is also impacting auto financing, said an analyst
CPEC not behind Pakistan’s debt problem: Chinese FM
Chinese Foreign Ministry spokesperson Lu Kang said on Tuesday that Pakistan's debt problem was not caused by cooperation projects under the China-Pakistan...