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
Central bank to auction Rs4.9 trillion worth of debt instruments in Oct-December 2018
The raising of the new debt via PIBs and MTBs will help the government to partially plug in the deficit in budgetary financing, which economists worry will be higher than the target of Rs2 trillion for FY19
Punjab budget to concentrate on health, education and clean water
In his address, Chairperson PRA, Javed Ahmed said that during the last financial year PRA had crossed Rs 100 billion revenue mark first time and collected almost Rs 110 billion in revenue
Govt establishes business council to create jobs and enhance exports
From a total of 20 private sector members, four are from the textile sector, two from the cement sector and others from sports goods, automobile, logistics, retail, petrochemical, engineering and computer businesses
Seeking IMF bailout, the only feasible option: Report
-Currently, the interest rate is 8.5 percent which the IMF seeks to be between 11 percent to 12.5 percent for reining in inflation and reduce current account deficit.
- IMF calls for Pakistan to adopt a free float exchange rate regime instead of the current managed exchange rate
PRA to adapt to a full automation monitoring system
In a pre-budget seminar held in Lahore, Finance Minister Punjab Makhdoom Hashim Jawan Bukht said, the government wants to introduce a consensus-oriented budget...
PayPal’s Xoom offering services for overseas Pakistanis to send donations to dams fund
Overseas Pakistanis can now use Xoom, a money transfer service owned by PayPal to send their donations for the CJ-PM Daimer-Bhasha and...