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ISLAMABAD: The Public Accounts Committee (PAC) has directed a forensic audit of soft loans amounting to $3 billion extended to various companies and individuals during the...
Prime Minister Shehbaz Sharif said Wednesday that Pakistan would fulfill its commitments made to the International Monetary Fund (IMF) to secure a short-term financing deal, helping...
ISLAMABAD: The power sector circular debt has reached a staggering amount of Rs2.646 trillion by the end of May 2023, registering an increase of Rs394 billion...
KARACHI: Pakistan’s agreement with the International Monetary Fund (IMF) for a $3 billion stand-by arrangement (SBA) will provide some relief for its strained public finances, but...
KARACHI: The Pakistani rupee on Tuesday gained massively in the interbank market during the intraday trade after the government struck a deal with International Monetary Fund...
KARACHI: Pakistan Stock Exchange (PSX) Monday witnessed a bullish trend as the KSE-100 benchmark index crossed 2,000 points after the government reached a consensus with the...
ISLAMABAD: Pakistan will have to notify an increase in gas sale price by 45-50% and electricity base tariff by Rs3.50 to over Rs4 per unit for...
Prime Minister Shehbaz Sharif said Tuesday that Pakistan expects a decision on the International Monetary Fund’s (IMF) stalled bailout programme within a day or two as...
KARACHI: A second cargo of discounted 55,000 tonnes of Russian crude oil arrived at the Karachi port Tuesday. As soon as the berthing plan of the...
Following withdrawal of its guidance on imports, the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Monday decided to jack up the policy rate...
