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• Power subsidies for lifeline consumers ‘in peril’ • Sources say size of fiscal gap ‘bigger than anticipated’ ISLAMABAD: After the first...
ISLAMABAD: Prices rose at the fastest pace in the outgoing week in more than four months, mainly led by increases in food and fuel rates, official...
KARACHI: The Oil Companies Advisory Council (OCAC) has sent a note of caution to the Oil and Gas Regulatory Authority (Ogra) and the energy...
ISLAMABAD: The Senate was informed on Friday that K-Electric was operating without any formal agreement since 2015 and the accumulated payables...
LAHORE: As the government scrambles to save every dollar amid a severe foreign exchange crunch, experts have raised the alarm that cotton would...
KARACHI: Steel bar prices have reached another all-time high of Rs288,500 per tonne, showing a jump of Rs12,000 per tonne, due to shortage of raw...
A United States jury on Friday found Tesla Inc CEO Elon Musk and his company were not liable for misleading investors when Musk tweeted in 2018...
ISLAMABAD: Italy has decided to enhance its economic cooperation with Pakistan and will focus on increasing assistance through development...
ISLAMABAD: An auto manufacturer has started returning the booking amount to buyers, lamenting that the current economic conditions had made it...
ISLAMABAD: Pakistan and Afghanistan have signed a draft convention to avoid double taxation on income between the two countries. The convention was...
KARACHI: After exhausting nearly all traditional sources of foreign exchange, it seems the government is now looking to tap the kindness of...
KARACHI: Pakistan’s “self-created hurdles” stalled work on the China-Pakistan Economic Corridor (CPEC), Prime Minister Shehbaz Sharif agreed...
Prime Minister Shehbaz Sharif on Friday said that the International Monetary Fund (IMF) delegation, which is visiting the country for discussions...
The rupee’s value plunged again on Friday with the local currency closing at a record low of Rs276.58 per dollar in the interbank market, according...
KARACHI: In contrast to ongoing construction of an auto assembly plant in Hub for rolling out Skoda and Volkswagen vehicles, the existing auto...
ISLAMABAD: The beverage industry has warned the Federal Board of Revenue (FBR) that the proposed four per cent federal excise duty (FED) dubbed as...
ISLAMABAD: The country’s exports shrank for the fifth month in a row dropping by 15.42 per cent year-on-year to $2.21 billion in January raising...
KARACHI: The rupee touched another all-time low on Thursday and the central bank’s reserves fell close to a precariously low level of $3 billion...
ISLAMABAD: Key players in the telecom sector have criticised the government for pegging telecom licence renewal to the US dollar, describing it as...
ISLAMABAD: Acceding to another demand of the International Monetary Fund (IMF), the government has finally allowed banks access to asset...
The State Bank of Pakistan (SBP) raised the policy rate by another 100 basis points (bps) to 17 per cent in a meeting of its Monetary Policy...
The Islamabad High Court (IHC) dismissed on Thursday PTI’s petition challenging the Election Commission of Pakistan’s (ECP) verdict in the...
Pakistan’s foreign exchange reserves held by the central bank decreased by 16.1 per cent to $3.09 billion in the week ending Jan 27, the State Bank...
Pakistan’s foreign exchange reserves held by the central bank decreased by 16.1 per cent to $3.09 billion in the week ending Jan 27, the State Bank...
Pakistan’s foreign exchange reserves held by the central bank decreased by 16.1 per cent to $3.09 billion in the week ending Jan 27, the State Bank...
KARACHI: Stock rates moved within a short range on Wednesday as investors’ participation stayed sluggish. Arif Habib Ltd said the limited...
ISLAMABAD: The Power Division has forwarded a panel of three shortlisted candidates for appointment as managing director of the Private Power &...
KARACHI: The dollar price slightly appreciated in the inter-bank market on Wednesday, indicating that the exchange rate can find a sustainable...
KARACHI: Share prices have hit rock bottom, thanks to the on-again, off-again International Monetary Fund (IMF) loan programme. The...
India’s Adani group shares plunged on Thursday after the Gautam Adani-led conglomerate shelved a $2.5 billion share sale amid a turbulent market,...
ISLAMABAD: The government on Tuesday assured the international community to keep a robust check on $10.92 billion pledges made for flood-related...
WASHINGTON: Pakistan has not crossed the tipping point and it’s still possible to rebuild the national economy with competence and courage, the...
Finance Minister Ishaq Dar said on Thursday that he will ask the central bank governor to coordinate with a group of philanthropists in an effort...
The number of apps downloaded by Pakistanis in 2022 rose by 35.4 per cent compared to the preceding year, making the country the fastest-growing...
ISLAMABAD: The annual consumer inflation hit 27.6 per cent last month, the highest in 48 years, as prices of food and transport continued to remain...
ISLAMABAD: In the absence of IMF umbrella, Pakistan’s external financing pipeline appeared drying up as it received 40 per cent lower inflows –...
BENGALURU: Indian billionaire Gautam Adani on Wednesday lost his position as the richest person of Asia, as shares of his listed companies slide...
The White House is launching a partnership with India that President Joe Biden hopes will help the countries compete against China on military...
ISLAMABAD: On the opening day of make-or-break talks with the International Monetary Fund (IMF), the government on Tuesday increased...
Annual inflation, measured by the Consumer Price Index (CPI), spiked to a decades-high level of 27.55 per cent in January, compared to 24.5pc in...
KARACHI: Faced with a demand slump and raw material shortages amid unfavourable economic conditions, Indus Motor Company (IMC) on Tuesday announced...
KARACHI: The Pakistan Stock Exchange is mulling changes in its regulations to revamp the defaulters’ segment to protect the rights of minority...
Most Adani Group stocks dropped on Wednesday, extending losses to $72 billion after a short-seller report criticised the conglomerate and despite...
ISLAMABAD: Highlighting ‘immense pressures’ on fiscal account owing to revenue collection challenges, heavy interest payments and...
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Tuesday concluded that K-Electric and ex-Wapda distribution companies...
ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday announced that its net collection grew 22.6 per cent to Rs537 billion in January on a...
ISLAMABAD: The government may have to withdraw energy subsidies to big export industries, besides cutting non-salary, non-essential civil and...
KARACHI: Rupee devaluation against the US dollar over the last few days followed by massive increase in diesel rate has started making a negative...
ISLAMABAD: Pakistan’s exports to nine regional countries shrank 11.93 per cent in the first half of FY23 mainly driven by a drop in shipments to...
The International Monetary Fund (IMF) has approved loans of $4.7 billion to Bangladesh for disbursal starting immediately, making it the first to...
The rupee, which recently hit a record low, appreciated by Rs4.43 against the US dollar in the interbank market on Tuesday. The local currency was...
Shares at the Pakistan Stock Exchange (PSX) recovered on Tuesday as an International Monetary Fund (IMF) delegation arrived in Pakistan to discuss...
WASHINGTON: As Pakistan anticipates the arrival of the International Monetary Fund’s team to revive the stalled loan programme, experts have said...
Pakistan could face a crunch in fuel supplies in February as banks have stopped financing and facilitating payments for imports due to depleting...
KARACHI: The development of C-5, which is the fifth unit of the Chashma Nuclear Power Generating Station, has hit a snag because of the reported...
PESHAWAR: The business community in Khyber Pakhtunkhwa on Monday warned that if the “worsening” economic crisis in the country continued, then...
Oil prices extended losses on Tuesday as the threat of further interest rate increases and continued Russian crude flows cancelled out demand...