Govt informs FATF about measures taken against money laundering
Sources shared the APG team voiced its concerns over slow action on high-risk areas like banks, insurance companies, asset management companies and securities
Western and eastern routes of CPEC to be completed by next year
-- Project director says work on energy and infrastructure is being executed in the first phase
ISLAMABAD:Â China Pakistan Economic Corridor (CPEC) Project...
Govt decides to reach out to IMF
ISLAMABAD: The federal government on Monday announced that it is going to seek the International Monetary Fund’s (IMF’s) assistance in a bid...
Finance minister to attend annual IMF, World Bank meetings
Asad Umar will meet the IMF officials to discuss challenges confronting the Pakistani economy as well as the proposed loan programme
ISLAMABAD:...
Rupee plunges to Rs129.5 against dollar in kerb market, as economic uncertainty persists
However, the inter-bank market rate of the rupee to a dollar stood at Rs124.27 according to SBP’s market to market revaluation rate sheet
Pakistan’s economy to slow down to 4.8 percent in FY19: World Bank
The pressure on the current account is expected to persist and the trade deficit is projected to remain elevated during FY19 and FY20, said World Bank
Stocks battered, as KSE-100 plunges 1,142.59 points
This follows a cumulative fall of 1,772 points in the previous week amid dull economic outlook, political tensions
Pakistan may go to IMF but will seek other options first: PM
Forex reserves dropped by $627 million in late September to $8.4 billion, barely enough to cover sovereign debt payments due through the end of the year and this weekly fall was the sharpest in years
Inject Rs400b into power sector for avoiding shutdown of power plants, says Senate panel
Cumulative receivables till the end of June 2018 ratcheted up to Rs824.3 billion, rising from Rs670 billion in FY17, said the report
ADB announces $7.1bn financial package for Pakistan Â
-- Vice-president says the bank is re-engaging in education, health and social safety net through income support programme
ISLAMABAD:Â The Asian Development Bank (ADB)...
Jewellery export up by 76.5pc in two months
ISLAMABAD:Â The export of jewellery from the country witnessed an increase of 76.5 per cent in the first two months of the current...
Exorbitant energy prices to slow down economy: PEW
‘Average Pakistani spends 30pc of his income on electricity’
ISLAMABAD:Â Pakistan Economy Watch (PEW) has raised concern over the increasing energy price in...
Khusro Bakhtiar calls for close liaison between Pakistan, ADB
ISLAMABAD:Â Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar has urged the Asian Development Bank to further expand the scope of cooperation with...
President constitutes 13-member National Economic Council
ISLAMABAD:Â President Arif Alvi constituted a 13-member National Economic Council (NEC) on Friday.
According to an official notification, the council will be chaired by...
Pakistan confronted by difficult economic situation: IMF
IMF called for more exchange rate flexibility, monetary policy tightening, further fiscal adjustment linked to medium-term consolidation strategy and strengthening the performance of key public enterprises clubbed with further rises in power and gas tariffs