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World Published 18 Apr, 2022 09:17pm

Sri Lanka leader trims cabinet of relatives ahead of IMF talks

Dozens of ruling party lawmakers turn against the administration and opposition parties rebuff invitations to join a unity government

Business & Economy Published 18 Apr, 2022 08:57am

Govt decides to resume talks with IMF today

Sources say dialogue is expected to focus over subsidies, amnesty and new conditions

Business & Economy Updated 16 Apr, 2022 06:59pm

Premier Shehbaz directs FBR to meet revenue collection target of Rs6.1tr

FBR chairman says they will brief PM about industrial incentives next week

Pakistan Published 15 Apr, 2022 09:13am

New govt may have to roll back fuel, power subsidies

‘The relief package will add to fiscal deficit which we cannot afford at the moment,’ says Finance Secretary Hamed Yaqoob Sheikh

Business & Economy Published 12 Apr, 2022 01:47pm

Sri Lanka defaults on entire $51 billion external debt

Sri Lanka's finance ministry says creditors are free to capitalise any interest payments due to them from Tuesday or opt for payback in Sri Lankan rupees

Business & Economy Published 12 Apr, 2022 01:12pm

Fitch says govt change in Pakistan raises ‘policy uncertainty’

American credit ratings agency cites recent oil price shock will push up Pakistan’s current-account deficit

Business & Economy Updated 11 Apr, 2022 06:44pm

Pakistan’s dealings with IMF remain strong, says Reza Baqir

SBP governor cites it’s important for economic policymaking institutions to act on a ‘timely basis’

Business & Economy Updated 11 Apr, 2022 01:24pm

KSE-100 index jumps over 1,450 points as 'political clarity' boosts confidence

At the time of filing this report, the KSE-100 Index was being traded at 45,902.88 points, registering a gain of 1450.20 points or a percentage change of 3.26%

Business & Economy Published 11 Apr, 2022 10:12am

Rupee ends with minor 0.32% change on weekly basis

Rupee began at the 184 level against the US dollar, but fell for another three sessions, crossing 188 in the inter-bank market

Business & Economy Published 09 Apr, 2022 01:48pm

Sri Lanka seeking $3 billion in months to stave off crisis: finance minister

Ali Sabry says Sri Lanka will seek another $500 million credit line from India for fuel

Business & Economy Published 09 Apr, 2022 10:45am

IMF lauds SBP’s decision to hike policy rate by 250bps

IMF further notes staff and the SBP agreed that the pace of policy rate adjustment should take into account the broader policy mix and the degree of fiscal adjustment

Pakistan Published 06 Apr, 2022 09:12am

Officials term PM’s oil relief package ‘unsustainable’

PSO receivables have already reached Rs500b and it has 54% share in petroleum products sale

Pakistan Published 04 Apr, 2022 08:30pm

IMF says will enquire over programme engagement with new govt

IMF says there is no concept of suspension within the Fund programs

Pakistan Published 03 Apr, 2022 10:29am

KE seeks Rs3.4b from govt under PM’s relief package

Electricity provider says total subsidy due is Rs13.602b for four months (March-June, 2022)

Pakistan Published 01 Apr, 2022 10:42am

IMF, Pakistan discuss initiatives to boost macroeconomic stability

IMF Resident Representative Esther Perez Ruiz says engagement for 7th review under EFF remains constructive

Blog Updated 08 Apr, 2022 11:48am

Is it possible to improve systems in Pakistan? I think so

Bureaucracy is the engine of the country’s administrative system

Business & Economy Published 01 Apr, 2022 08:33am

No-trust move to raise uncertainty: Moody’s

Terms situation 'credit negative' given the associated gap in policy and decision-making

Pakistan Published 29 Mar, 2022 10:06am

Pakistan among states that appear vulnerable, warns UN over Ukraine shock

UNCTAD says cost of freight has shot up by 34% since Russia invaded Ukraine on Feb 24

Business Published 28 Mar, 2022 10:06am

Financial constraints ‘prompts’ ministry to not up subsidy on phosphatic, potash fertilisers

Urges provinces to enhance their shares

Business Updated 25 Mar, 2022 01:55pm

IMF talks ‘are continuing as planned’

Both sides remain engaged on ‘regular basis’ at a technical level

Pakistan Updated 25 Mar, 2022 09:26am

World Bank lists ‘several risks’ to $85 million worth house finance project

Official documents reveal overall risk rating for project design and implementation remains substantial

Business Published 24 Mar, 2022 04:52pm

IMF 7th Review: negotiations going as planned, says Ministry of Finance

The Ministry of Finance rejected on Thursday what it called speculation regarding the ongoing 7th review of the...

Pakistan Published 20 Mar, 2022 10:08am

IMF characterises discussions with Pakistan ‘constructive’

IMF Communication Director Gerry Rice says discussions on programme’s key objectives are ongoing

Business Updated 19 Mar, 2022 01:01pm

IMF seeks reply on financing of PM’s relief package from govt

Sources say global lender did not agree to amnesty scheme for industrial sector

Pakistan Published 15 Mar, 2022 08:29am

Govt, IMF talks to continue for ‘at least two weeks’

Official says there is no cut-off date of ongoing discussion

Business Published 13 Mar, 2022 11:39pm

Russian default no longer 'improbable', but no trigger for global financial crisis: IMF

IMF Managing Director the country may default on its debts in the wake of unprecedented sanctions