Current account deficit grows 3.46% MoM to $1.255 billion in November
During July-November FY19, current account deficit nosedived 10.59% to $6.090 billion compared to $6.812 billion in the corresponding period of last year
Rupee devaluation fails to spur growth in exports, touch $9.120 billion in 5MFY19
Trade deficit for July-November FY19 fell to $14.51 billion or 2.0% from $14.81 billion in the corresponding period of last year
IMF to check Pakistan’s debt sustainability before giving loan
The International Monetary Fund on Tuesday said that Pakistan’s capacity to return loans will be assessed, adding that it will consider the...
British Airways to resume Pakistan flights after a decade
BA, which is owned by Spanish-registered IAG, is due to begin the London Heathrow-Islamabad service on June 2, with three weekly flights by the airline’s newest long-haul aircraft, the Boeing 787 Dreamliner
Engro’s Rs60 billion question
How the conglomerate will deploy this capital over the next few years will define its future for the next generation – and possibly that of Pakistan
The taxi driver in the age of Careem
Careem may have opened up earning opportunities for many, but for others, it has left financial devastation in its wake
Airbnb gains traction in Pakistan and no one has noticed
The app is rapidly finding users, even though it has not yet customized its platform for the local market’s needs
Govt may introduce another mini-budget to address economic woes
Supplementary bill will help govt meet IMF conditions, constitute Sarmaya-e-Pakistan and remove tax conditions on purchase of properties
ISLAMABAD:Â As the incumbent government...
No urgency for IMF programme, says Asad Umar
Pakistan is in no rush to strike a deal with the International Monetary Fund (IMF) to deal with its balance-of-payments crisis, Finance...
Fitch downgrades Pakistan’s rating to B-, maintains stable outlook
It projects current account deficit will narrow to 5.1% of GDP in FY19 and to 4% in FY20 from a revised 6.1% in FY18
Pakistan receives second $1bn Saudi tranche
Earlier, the State Bank of Pakistan (SBP) in November had received $1 billion from Saudi Arabia.
SBP governor hints further devaluation of rupee
ISLAMABAD: As the experts have already expected a further decrease in the value of Pakistani currency against the dollar, the State Bank of...
Saudi Arabia to make its ‘largest foreign investment’ in Pakistan: Asad Umar
ISLAMABAD: Federal Minister for Finance Asad Umar said on Thursday that Saudi Arabia is about to make “the largest foreign investment in Pakistan’s...
Rupee to weaken to Rs148 against greenback by end of FY19: Fitch Solutions
It expects the trade deficit to narrow over the coming months irrespective of oil price dynamics taking the country’s dollar shortage and recent rupee weakness into context
Asad Umar says will only take IMF’s money, not dictation
PTI govt has clear strategy to get Pakistan out of the begging-bowl syndrome - Asad Umar