IMF bailout on the cards as Pakistan elects new government

Bailouts are sizeable and always come with strings attached

CPEC fastest-moving and most effective project under BRI: Report

CPEC construction has created nearly 60,000 direct jobs in Pakistan. It is expected to create 700,000 jobs in the country by 2030. If related industries are counted, at least 3.5 million jobs will be created, benefiting millions of families

Has CPEC hit a major roadblock?

China’s infrastructure building spree across the nation seems to have been halted due to Pakistan’s inability to pay its loans

Market Daily: KSE-100 plunges 758 points pre-election

KSE-100 index continued to slide, as was the case on Friday. The bears dragged down the market by 758 points to 40,464 level (down 1.84 per cent) as pre-election jitters engulfed the market.

Foreign reserves plunge to four-year low after 4.4 per cent drop

Foreign currency reserves held by SBP were recorded at $9,063.6 million, down $415.9 million

Current account deficit widens to $18bn in 2017-18, dollar at Rs128.60 interbank

CAD has jumped by 5.7 per cent of total country’s gross domestic product (GDP) this year.

SBP may increase 50bps to 7 per cent discount rate, analysts suggest

Market analysts expect a hike of further 200bps in 2nd half of 2018, which will take SBP’s policy rate to 8.5 per cent by December 2018

Hussain Lawai resigns as PSX Board chairman

In an emergent meeting of the Pakistan Stock Exchange (PSX) held Thursday the board considered and accepted Hussain Lawai’s resignation at PSX Board Chairman with immediate effect.

SBP tightens access to foreign exchange as dollar reserves drop

Pakistan’s central bank has increased the amount of red tape needed to access dollars

Pak Suzuki to retire Mehran VX from November

ak Suzuki has in a notification to its dealers nationwide announced that it will be discontinuing Mehran VX Model SB-308 (without air-conditioner) from November this year

Vintage cars exempt from import tax, to be taxed at $5,000 flat

Under the proposed rules taxation will not vary according to the engine capacity of the car but will be imported at a fixed rate of $5,000 per unit.

Football exports up by 10.64pc

ISLAMABAD: Export of footballs from Pakistan during July-May (2017-18) has increased by 10.64 per cent as compared to same months of the previous year.According...

China lends $1 billion to Pakistan to boost dwindling forex reserves

In the first 10 months of FY18, China lent Pakistan $1.5 billion in bilateral loans and it also received $2.9 billion in commercial bank loans mostly from Chinese banks, ministry officials said

KSE-100 index shows worst fiscal year performance since FY09

The market started off the month of June 2018 on a good note amid successful formation of caretaker setup in country and ease-off in global politics.

Trade at Sost resumes as army intervenes, suspends WeBOC system

Bilateral trade was suspended since 85 days following traders’ protest against WeBOC system

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MoF to seek cabinet’s approval over appointment of NBP chief

ISLAMABAD: The Ministry of Finance (MoF) is considering approaching the federal cabinet over the appointment of Arif Usmani as National Bank of Pakistan (NBP)...