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Business & Economy Published 12 May, 2022 04:35pm

Rupee hits another low against dollar, closes at 193 in open market

Dealers say there is shortage of dollars in open market

Business & Economy Updated 09 May, 2022 07:32pm

KSE-100 in a spiral, loses 1,500 points in intra-day trade amid uncertainty

Concerns over IMF inflows, trouble on political landscape and bearish streak on regional bourses take its toll as benchmark index falls by 3.4%

▶️ Business & Economy Updated 05 May, 2022 01:10pm

Running Pakistan’s govt costs half our petrol bill: Miftah Ismail

Finance minister skewers IMF conditions previous government agreed to

Business & Economy Updated 04 May, 2022 12:30pm

No extension for Baqir, Murtaza Syed will take over as acting State Bank of Pakistan governor

Finance Minister Miftah Ismail says as SBP governor Dr Reza Baqir term comes to end, as per law the senior most deputy governor takes over until

Business & Economy Updated 01 May, 2022 02:01pm

Govt keeps petroleum products prices unchanged

Set to give more than $2 billion in subsidies to the oil and power sectors from April to June

World Published 30 Apr, 2022 09:37pm

Crisis-hit Sri Lanka hikes medicine prices

Sri Lanka has asked for an International Monetary Fund bailout, which could take up to three months to arrive.

Pakistan Updated 25 Apr, 2022 06:51pm

Explainer video: How Pakistan’s fuel subsidy withdrawal hurt?

Economy expert Prof. Dr Talat Anwar advises the government to cut spending and impose additional taxes to cover deficit

Pakistan Updated 25 Apr, 2022 02:52pm

Miftah seeks $2b addition in IMF programme

IMF expected to field a mission to Pakistan in May to resume discussions over policies for completing 7th EFF review

Pakistan Published 23 Apr, 2022 12:29pm

Petrol to shoot to Rs227 a litre as Miftah agrees with IMF

There is never a good time to start anything difficult: finance minister

Pakistan Updated 22 Apr, 2022 06:39pm

Dollar continues to rise against rupee as new finance czar heads to Washington for IMF talks

SBP governor already in Washington to talk to IMF; parliamentarians say petroleum price hike unavoidable

Updated 20 Apr, 2022 12:48pm

PM Shehbaz’s cabinet meets to discuss seven-point agenda

Cabinet expected to give nod to ECC decisions

Business & Economy Published 20 Apr, 2022 08:56am

IMF projects rise in Pakistan’s inflation rate this year

Predicts unemployment at seven per cent for 2022

Business & Economy Published 19 Apr, 2022 09:46pm

IMF cuts global growth forecast due to ‘seismic waves’

The IMF says rising prices for food, energy and other goods can trigger social unrest, particularly in vulnerable developing countries

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