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Business & Economy Updated 30 Jun, 2023 09:00am

Pakistan-IMF reach $3 billion staff-level agreement, says Fund

Earlier, Ishaq Dar told Reuters the deal was going to be signed in 24 hours

Business & Economy Updated 27 Jun, 2023 08:46pm

Pakistan hopes for IMF bailout decision in a day or two

Finance Minister Ishaq Dar reiterates expectations that review 'will be done'

Business & Economy Updated 26 Jun, 2023 06:30pm

SBP raises key policy rate to 22%

Central bank notes potential upside risks to the inflation outlook have increased from the last meeting

Pakistan Updated 22 Jun, 2023 08:27pm

Finance Minister Ishaq Dar loses temper, hits journalist over IMF question

He also ordered guards to take away the journalist's phone

Business & Economy Updated 02 May, 2023 03:54pm

ADB pledges to support Pakistan’s economic recovery

President Askawa says Islamabad taking ‘quick’ required stabilisation measures

▶️ 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 14 Apr, 2023 09:49am

Pakistan hopes to seal key IMF bailout agreement soon

We can complete our current programme successfully, says Georgieva

Business & Economy Published 13 Apr, 2023 11:16pm

Pakistan reiterates it has completed all requirements for bailout

Finance minister says all international obligations have been addressed in time

World Published 13 Apr, 2023 02:22pm

India opens new investigation into BBC in widening crackdown

The tax raids in February had come close on the heels

Technology Published 06 Apr, 2023 03:10pm

Australia cancels Binance’s financial services licence amid probe

Retail investors are entitled to a higher level of regulatory protection

Business & Economy Published 06 Apr, 2023 11:00am

German banks hit by wave of complaints from savers

It received 15,000 complaints from consumers in Europe’s largest economy

Business & Economy Published 05 Apr, 2023 02:55pm

UBS tells investors shotgun Credit Suisse takeover a ‘major challenge’

the first merger of two globally systematically important banks

Business & Economy Published 05 Apr, 2023 02:51pm

Exclusive: Europe’s banks ramp up bespoke loan trades to reduce risk

These “significant risk transfer” (SRT) transactions are not new

Technology Published 04 Apr, 2023 11:48am

SK Hynix raises $1.7bln in convertible bond as chip slump deepens

the first such deal by the firm since it was acquired by energy

Business & Economy Published 01 Apr, 2023 03:11pm

ECB’s De Guindos warns of broad risks in financial sector

The European Central Bank (ECB) is monitoring broad

Business & Economy Published 01 Apr, 2023 02:24pm

Indexes jump on inflation data; Nasdaq posts best quarter since 2020

The S&P 500 closed at its highest level since Feb 15

Business & Economy Published 31 Mar, 2023 08:08pm

China rolls over $2b loan to Pakistan as it struggles with external liquidity

Formal confirmation of refinancing would be made after process was completed, says official

Business & Economy Published 29 Mar, 2023 02:33pm

Sergio Ermotti returns as UBS CEO to steer Credit Suisse takeover

rebuilding the bank after the global financial crisis.

▶️ Pakistan Published 26 Mar, 2023 11:24pm

Even friendly countries’ patience is running thin, says Zubair

Former Sindh governor cites seeking IMF loan for the 23rd is a ‘world record’ for Pakistan

Business & Economy Updated 23 Mar, 2023 11:12pm

Banking hours for Ramazan in Pakistan

Fridays will be different

Business & Economy Published 21 Mar, 2023 11:28am

Switzerland’s secretive Credit Suisse rescue rocks global finance

Customers have already pulled $110b from Zurich-based bank in the last three months of 2022

Business & Economy Published 20 Mar, 2023 12:55pm

Stocks drop despite Credit Suisse buyout, central banks’ pledge

Asian equities sank Monday following a sell-off in New York on fears over the financial sector

Business & Economy Published 19 Mar, 2023 11:45am

Crunch time for Credit Suisse talks as UBS seeks Swiss assurances

Guarantees UBS is seeking 'would cover the cost of winding down parts of Credit Suisse and potential litigation charges'

Business & Economy Published 18 Mar, 2023 09:16am

UBS in talks to acquire embattled Credit Suisse: Financial Times

UBS wants to assess what risks a full or partial takeover of its rival could pose to its own business, says source

Business & Economy Published 17 Mar, 2023 09:44am

Bank lifelines ease global financial crisis fears

Multi-billion dollar lifelines for troubled US and European banks shore up investors confidence

Business & Economy Published 17 Mar, 2023 08:51am

Ishaq Dar’s missile statement is not as significant as you think

He had said that Pakistan would not abandon its missiles on anyone's demands

Business & Economy Updated 28 Mar, 2023 10:42pm

IMF agreement ‘hinges’ on completion of commitments from friendly countries

Industrial and Commercial Bank of China’s approves rollover facility of $1.3 billion

Business & Economy Published 16 Mar, 2023 11:49am

Rupee follows Asian peers lower on more risk aversion

Over the last 6 months, USD/INR has been ranged with 83.00 acting a upper cap, says expert

Business & Economy Published 16 Mar, 2023 08:58am

Credit Suisse secures $54b lifeline as authorities rush to prevent global bank crisis

Swiss bank's announcement helped stem heavy selling in financial markets in Asian morning trade

Business & Economy Published 12 Mar, 2023 05:40pm

Miftah Ismail’s advice for developing Pakistan

Former finance minister stresses need for increasing number of school-going children