IMF approves $1.4bn in coronavirus aid to Pakistan
ISLAMABAD: The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of $1.386 billion under the Rapid Financing Instrument...
Sugar Mills Association terms investigation report ‘one-sided’
LAHORE:Â The Pakistan Sugar Mills Association (PSMA) on Thursday submitted a detailed response to the Federal Investigation Agency (FIA) over the sugar crises...
IPPs may agree to tariff cut as negotiations with govt continue
ISLAMABAD: Some representatives of Independent Power Producers (IPPs) have expressed willingness to reduce power tariff and review power purchase agreements, Pakistan Today...
SBP cuts policy rate by 200bps to 9pc
Centrak bank cites low global and Pakistan GDP forecasts as reason behind decision
Pakistan among 76 countries to get debt relief from May 1
–FM Qureshi says developing countries will get relief on both principal and interest amounts
–Relief will be given by all financial institutions, including...
PM assures merit, transparency in Ehsaas programme
ISLAMABAD:Â Prime Minister Imran Khan said on Wednesday that the provision of funds under Ehsaas Programme is purely made on the basis of...
IMF acknowledges Pakistan’s anti-corona efforts
ISLAMABAD: The International Monetary Fund (IMF) has acknowledged Pakistan’s measures to contain the spread of the coronavirus.
The IMF’s recent publication ‘Policy Tracker’ of its...
WB says Pakistan’s GDP to shrink by 1.3pc
ISLAMABAD:Â The Gross Domestic Product (GDP) of Pakistan will contract by 1.3 per cent in financial year 2020 due to a sluggish domestic...
Govt asked to recover Rs100bn from ‘corrupt’ IPPs
–Probe claims IPPs signed agreements in bad faith to mint billions at govt’s expense, overstated costs
—Experts say that claims made in the...
Tareen questions criteria of govt audit of his sugar mills
Pakistan Tehreek-e-Insaf (PTI) senior leader Jahangir Khan Tareen, who is under fire over his alleged involvement in the sugar crisis, has questioned...
SBP to businesses: stop firing people, get a cheap loan instead
Businesses can now get loans at 4% from banks to cover salaries from April to June 2020
‘Liquidity constraints’: Steelmakers appeal to operate during lockdown
'Construction industry will not be able to commence operations in the absence of steel'
Pakistan pledges $3m to fight coronavirus in South Asia
ISLAMABAD:Â Pakistan has pledged $3 million to the South Asian Association of Regional Countries (SAARC) COVID-19 Emergency Fund to support efforts in the...
IMF to give Pakistan $1.4bn in ‘budgetary support’ next week
The International Monetary Fund (IMF) will give Pakistan $1.4 billion next week “to boost its foreign exchange reserves and get some budgetary...
Big shopping malls agree to waive rents during lockdown
LAHORE:Almost all leading malls of the country, including Dolmen Mall, Packages Mall, LuckyOne Mall, Centaurus and Mall of Lahore, have waived April...