Alleged use of foreign data services behind hacking of banks
Agents of a foreign company are allegedly offering lucrative incentives to the high-ranked officials of the banks
ISLAMABAD: Despite the availability of a...
Pakistan to repay $1.7 billion on account of foreign debt till December
According to finance ministry projections, Pakistan will have to repay around $700 million to multilateral creditors, $400 million to bilateral creditors, $76 million to the IMF, $298 million in shape of commercial loans and $200 million due to bond repayments in October-December period
Naeemuddin Khan resigns from BoP, govt mulling to appoint Citi banker as next NBP president
Atif Bukhari, Nadeem Lodhi, Arif Usmani, Wajahat Hussain and Javed Kureishi were shortlisted for the post of NBP president
Govt provides details to IMF team about ‘wealth fund’
In regard to the wealth fund, the IMF was informed it would shortly create it with a focus to make these loss-incurring SOEs operational and profitable via financing from the fund
Interloop, manufacturer of socks for Adidas, Nike set for IPO
Interloop intends to raise over Rs6.8 billion ($51 million) for expanding its sock manufacturing capacity by approximately 20% and enter the denim business
Amreli Steels to set up Rs 6.5 billion state-of-the-art rolling mill at Dhabeji
Expansion at SITE scrapped; Dhabeji to become the prime location
IMF expresses worry over energy deals reached under CPEC
The variation of $9 billion could create problems in making accurate projections linked to future CPEC related outflows, said sources in the Ministry of Finance
SBP, FIA versions differ on ‘banking fraud’
FIA Cyber Crime Wing has cautioned that security of every Pakistani bank had been compromised because many complaints from various parts of Pakistan were coming in regarding money being transferred via security breach
IMF tells Pakistan to ‘do more’
Technical team expresses reservations on Pakistan’s failure to implement its 14-point agenda formulated four years ago
The technical team of the International...
‘No comprise’ on national security in IMF deal, Asad Umar assures
Finance minister says conditions presented by IMF will be taken to National Assembly for discussion
Finance Minister Asad Umar confirmed on Wednesday...
Pakistani officials leave for China to finalise relief package
ISLAMABAD:Â A high-level delegation from Pakistan left for China to finalise a potential relief package to inject in the country, sources said on...
Pakistan’s economy to grow 2.9% annually from 2018-2023: EIU
Surmising a modest rise in remittances, EIU estimated the current account deficit will fall to $13.1 billion in 2019 against projections of $18.3 billion in 2018
‘China agrees to double its import from Pakistan’
PM's advisor says China has accepted Pakistan’s request to allow imports with similar conditions that it had offered to member countries...
On eve of IMF talks, Pakistan says balance of payments crisis over
On Tuesday, Finance Minister Asad Umar said that Prime Minister Imran Khan’s securing of a $6 billion package from Saudi Arabia plus promised help from China would cover a projected $12 billion shortfall in foreign currency to service Pakistan’s debt
Pakistan to begin talks with IMF over yet another bailout
Pakistan last month announced a $6 billion assistance package from Saudi Arabia, split into $3 billion in foreign currency support and a further loan worth $3 billion in deferred payments for oil