Stocks consolidate gains with 579-point rally
KARACHI: The Pakistan Stock Exchange (PSX) continued to head north on Wednesday, with the indices accumulating gains throughout the session amid improved...
‘Pakistan faced with unprecedented economic difficulties’
KARACHI: President Dr Arif Alvi has said that the country's economy was going through historic difficulties as the incumbent government only inherited...
Govt may reduce development budget to Rs530bn in FY21Â
ISLAMABAD: As the COVID-19 pandemic has left limited room for the government to spend on development projects, the Centre has planned to...
‘Govt to prioritise less-developed areas under next PSDP’
ISLAMABAD:Â Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar has said that the incumbent government is pursuing a regional equalization development strategy to...
Search for new IMF head widens to include British candidate
BRUSSELS/PARIS:Â European governments widened their search for a new head of the International Monetary Fund, extending a deadline to 1800 GMT on Thursday...
‘Digital Pakistan’ in a coma: What is the cost of the broadband shut down?
The three days of internet outage have affected gig-workers, freelancers, PoS machines, and telco operators alike.Â
DFID chief lauds govt for stabilising macroeconomic imbalances
ISLAMABAD: UK's Department for International Development (DFID) Chief Economist Rachel Glennerster called on Finance Minister Asad Umar on Wednesday.
Glennerster appreciated the measures...
IMF at initial stage of assessing how much funding Pakistan requires for a bailout: Report
Ms Sanchez said that the IMF doesn’t micromanage countries and instructs as to which development and investment projects they should carry out
SBP requests currency dealers to bring down dollar price
Karachi: State Bank of Pakistan (SBP) held a meeting on Wednesday with currency dealers regarding stability of the rupee in the inter-bank...
Pakistan received $7.747b of foreign assistance in FY 2016-17
Islamabad: Data released on Friday by the Economic Affairs Division (EAD) disclosed the government had received $7.747b of foreign aid during first...
Country to get 660MW power from Thar Coal by early 2019
ISLAMABAD
The Thar Coal-Fired Power Projects of 660 MW are sailing smoothly, as the first phase would begin commercial operations about four months...
Diaspora bond sale rakes in $1 million in less than two weeks
PBC is attracting demand majorly from expatriates residing in the United States and Europe
PSO’s liquidity position causes Rs 60b loss to exchequer
Liquidity position of Pakistan State Oil (PSO) has further worsened as banks have imposed Rs 60 billion heavy penalty on state-owned oil...
China, U.S. to hold next round of trade talks in late August
The world’s two largest economies have implemented several rounds of tit-for-tat tariffs on each other's goods since the start of the year and have threatened further tariffs on exports worth hundreds of billions of dollars
Razak Dawood stresses economic integration with Afghanistan, CARs
PM's aide urges IDFC to act as an interlink between regional countries so that mutual objectives could be achieved