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Business & Economy Published 08 Jun, 2023 12:09pm

New budget crucial to securing IMF board review

Talks on $1.1billion bailout package have been stalled for months

Business & Economy Published 07 Jun, 2023 03:20pm

Pakistani budget caught between IMF expectations and election

IMF money is crucial to avoid crisis, but the government wants to win votes

Business & Economy Updated 07 Jun, 2023 02:25pm

Economic growth fell to 0.3%, official economic survey reveals

Inflation stood at 29% in the current fiscal year

Business & Economy Published 06 Jun, 2023 04:57pm

Pakistan ‘proposes’ inflation target of 21% in estimates for FY24 budget

Proposals ahead of budget presentation also include fiscal deficit target of 7.7% of GDP

Business & Economy Updated 06 Jun, 2023 01:48pm

Provincial development budgets exceeded allocation by over Rs400b

Govt had set Rs1692 billion for three provinces, but it went over Rs2,000 billion.

Business & Economy Updated 02 Jun, 2023 05:18pm

Pakistan to begin barter trade with Afghanistan, Iran and Russia

Pakistan has been forced to limit LCs due to falling reserves

Business & Economy Published 02 Jun, 2023 01:25am

Pakistan central bank’s forex reserves fall $102m to $4.09b

Total liquid foreign reserves held by the country stood at $9.513 billion

Business & Economy Published 01 Jun, 2023 02:45pm

Govt decides to abandon IMF program, negotiate new one later

The IMF has been tough in its negotiations over the last year

Business & Economy Published 30 May, 2023 08:42am

IMF hoping for board meeting on Pakistan before current program expires

This engagement will focus on the restoration of foreign exchange proper market functioning, says IMF mission chief

Business & Economy Published 29 May, 2023 09:55am

Pakistan’s unemployment rate lower than India and Turkey, shows data

Pakistan’s unemployment rate stands at 6.5%

Business & Economy Published 22 May, 2023 06:24pm

Gold prices fall internationally but increase in Pakistan

Gold became $5 per ounce cheaper in the international market

Business & Economy Updated 20 May, 2023 12:29pm

What India’s decision to scrap its 2000-rupee note means for its economy

The decision is reminiscent of a shock move in 2016 when the Narenda Modi

Pakistan Published 19 May, 2023 10:22pm

Prices of life-saving medicines to be increased by 14%

Prices could drop if value of rupee improves

Business & Economy Published 14 May, 2023 04:35pm

Pakistan’s external financing requirements for IMF deal unchanged: IMF

Pakistan has already quashed a controversial fuel subsidy scheme

Business & Economy Published 11 May, 2023 03:25pm

Pakistan ‘tells’ IMF it will scrap fuel subsidy plan

Government has assured IMF of not introducing new tax exemptions

Business & Economy Published 10 May, 2023 06:56pm

Pakistan’s deepening political crisis douses hopes for IMF relief

The country faces the risk of a default unless it receives massive support

Business & Economy Published 09 May, 2023 02:15pm

Pakistan set to repay or roll over $3.7b debt

Coalition government has averted the default, says ministry

Business & Economy Published 07 May, 2023 12:16pm

Saudi Arabia economy grew 3.9% in Q1 boosted by non-oil activities

Non-oil activities grew by 5.8% in the first quarter from a year prior

Business & Economy Published 05 May, 2023 12:48pm

IMF says it is working with Pakistan on bailout review

IMF supports the authorities in the implementation of policies, says mission chief

Business & Economy Updated 04 May, 2023 04:56pm

IMF to discuss Pakistan’s budget plans in fresh hurdle to funding

IMF's Porter says current baseline is to proceed sequentially with reviews

Business & Economy Published 02 May, 2023 06:43pm

Food pushes Pakistan inflation to record 36.4% in April

Officials hope inflation will slow down after June

World Published 01 May, 2023 12:11pm

Uzbek leader wins referendum on extending powers

The reform, passed with 90.21% of Sunday’s vote

Business & Economy Updated 28 Apr, 2023 05:47pm

Pakistan hikes drug prices by 20%, manufacturers want more

Inflation is already at a record 35% percent

Technology Published 20 Apr, 2023 12:56pm

TSMC expects drop in Q2 sales as it grapples to clear inventory

As the biggest maker of chips that power products as varied as phones

▶️ Business & Economy Updated 19 Apr, 2023 01:38am

Former finance czar backs elections in June-July to have next IMF programme

Pakistan needs around $30 billion on an annual basis for three years, says Hafeez Pasha

Business & Economy Published 18 Apr, 2023 05:02pm

Govt provides $3 billion financing plan to IMF

Most of the funding plan consists of loans

Business & Economy Published 18 Apr, 2023 02:22pm

China GDP jumps 4.5% in Q1 after zero-Covid scrapped

The figures were the first snapshot since 2019 of a Chinese economy

World Published 18 Apr, 2023 01:05pm

UK unemployment rises as cost-of-living crisis bites

Pay continues to grow more slowly than prices

Business & Economy Published 15 Apr, 2023 01:54pm

G7 needs to help emerging countries in reducing emissions, Japan’s Nishimura says

The premier was unharmed and police subdued a man at the scene

Business & Economy Published 14 Apr, 2023 09:49am

Pakistan hopes to seal key IMF bailout agreement soon

We can complete our current programme successfully, says Georgieva