Govt’s debt situation laid bare by Economic Affairs Division
PTI government takes no commercial loans during August 2019
ISLAMABAD: The Pakistan government’s debt situation was laid bare by the release of data...
Punjab’s debt rose an astonishing 24 percent in FY18
The provincial government had already exhausted its borrowing limit of Rs37 billion, whereas contractors were owed Rs57 billion which had been carried forth in the next financial year, said Punjab's Finance Minister
Pakistan, Kuwait talks end on inconclusive note
The fourth meeting of the Joint Ministerial Commission (JMC) concluded on Thursday and no agreement was reached to lift visa restrictions on Pakistani nationals
Pakistan has no choice but to seek IMF funding: UNCTAD
The report said a widening of the external debt position which had touched $92 billion or 31 percent of GDP had raised worries about its sustainability
Shell Pakistan to establish RLNG terminal and retail outlets along CPEC route
Shell Pakistan CEO told that before the tanker incident in South Punjab last June, its average market share had stood at 16-18 percent and had fallen by half to 8 percent
Govt lowers economic growth rate to 5.2 percent for FY19
The government has attributed fiscal squeeze and low output in agriculture and manufacturing sectors as the major factors for the slowing of the economy
External, fiscal pressures imperil stability in 2nd half of 2018: SBP
SBP said the investment of banks in government securities could be stimulated due to the higher projected reliance on banks’ borrowing by the government as mentioned in the fiscal budget for FY 2018-19
PSX drops 58 points amid uncertain economic situation
LAHORE: Amid lack of clarity on economic issues by the new government, investors continued their wait and see approach. The KSE 100...
Pakistan seeks IMF’s assessment for next bailout package
ISLAMABAD:Â While officials from the Ministry of Finance deny any talks with the visiting International Monetary Fund (IMF) team regarding any new bailout...
Saudi fund to provide $16mn in grants for infrastructure, health, education
ISLAMABAD:Â The Saudi Fund for Development (SFD) will provide $16 million in grants to Pakistan in infrastructure, health and education sectors.
Officials informed that...
State bank may increase 100bps in discount rate to 8.50pc
KARACHI: The central bank may increase 100 basis points to 8.50 per cent in its discount rates in the monetary policy meeting...
NEPRA fines K-Electric over failure to provide reliable power supply in Karachi
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has imposed a fine of Rs5 million on K-Electric Limited on account of its...
Pakistan, Russia sign $10bn energy deal
ISLAMABAD:Â Pakistan and Russia have formally signed a Memorandum of Understanding (MoU) on Thursday in Moscow for the construction of an offshore gas...
Senate committee rejects removal of restriction on filers
ISLAMABAD: The Senate Standing Committee on Finance and Revenue on Thursday rejected the proposal of removing the condition of filers for purchases...
SBP’s reserves decrease by $293mn
The total liquid foreign reserves held by the country stood at $15,521.5 million as on 9 September 2018.
Foreign reserves held by the...