Dollar jumps, reserves fall, and IMF calls as Dar’s folly comes back to bite
LAHORE: On a day of significant reckoning for Pakistan’s economy, the rate of the rupee fell sharply both on the interbank and...
Dollar rate defies expectations, but what’s the real story?
LAHORE: Despite a tense start to the morning in Pakistan’s foreign currency market, the dollar rate in Pakistan defied expectations and managed...
Govt port charges being collected from importers despite waiver
PESHAWAR: Despite the government’s announcement to waive all charges on containers that have been stranded at the port, the Pakistan Shipping Corporation...
Limited power outages to persist for next 2-3 days: Dastagir
ISLAMABAD: There was massive load-shedding all over the country on Tuesday after power was restored late Monday night following a national power...
Pakistan, IMF start virtual negotiations to build consensus on ninth review
ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have started virtual negotiations to build consensus on the ninth review, said a senior...
MPC hikes policy rate to 17%
The State Bank of Pakistan (SBP) in a much anticipated MPC meeting has raised the policy rate by 100 basis points. The...
SBP offers stop-gap solution to importers for clearance goods held at portÂ
KARACHI: In a letter addressed to presidents and chief executives of authorised dealers in foreign exchange, the State Bank of Pakistan’s (SBP)...
Power breakdown across Pakistan Â
Pakistan experienced a massive power outage early Monday due to a failure in its national electricity grid. Power was out in all...
Mohsin Naqvi picked as caretaker CM of PunjabÂ
LAHORE: The Election Commission of Pakistan (ECP) on Sunday unanimously decided to appoint Syed Mohsin Raza Naqvi, the owner of the City...
Govt likely to remove MDs of Sui Companies over ‘poor performance’
ISLAMABAD: At a loss to the prevailing gas losses and energy crisis in the country, the government is hoping a change in...
Govt increases profit rates on Naya Pakistan Certificates to lure dollars
ISLAMABAD: The federal government has increased rates on return on US dollar based Naya Pakistan and Islamic Naya Pakistan Certificates to attract...
Crackdown against petroleum smuggling fails
ISLAMABAD: The customs adjudicating officers have reportedly dismissed a majority of the cases made by different customs collectorates under the direction and...
Possible breakthrough in Russo-Pak energy talksÂ
ISLAMABAD: Pakistan and Russia have reached an agreement to establish working groups to enhance cooperation in a number of fields including oil...
Cold storage owners hint at fruit, vegetable shortage
LAHORE: A fruit and vegetable crisis may be on the cards after the government decided to charge commercial tariffs for the industrial...
World Bank debunks news about delay in $1.1bn loan to Pakistan
ISLAMABAD: On Thursday, January 19, 2022, the World Bank dismissed the news regarding postponement of $1.1 billion loans.Â
“The press reports that refer...