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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

Business Published 12 Mar, 2022 01:02pm

IMF says war to lower global growth forecast

Georgieva said the fund still expected 'a positive trajectory' for the world economy

Pakistan Published 12 Mar, 2022 08:40am

Govt providing Rs104b subsidy per month on oil relief: Tarin

Finance minister says inflation will decline in the coming few months but warns of inflation super-cycle

Pakistan Published 09 Mar, 2022 08:15am

Relief on fuel price will generate burden on kitty: ECC

ECC has approved supplementary grant of Rs106b under head of TDS

Pakistan Updated 08 Mar, 2022 08:38am

Pakistan seeks $21b Chinese loan to meet financial needs

Seeks rollover of existing loans of $10.735 billion and $10 billion as deposit fund

Pakistan Published 05 Mar, 2022 10:17am

Pakistan remains on FATF’s ‘grey list’, UAE added to the club

Global financial crime watchdog says Pakistan has completed 26 of the 27 action items in its 2018 action plan, and another 6 of the 7 since June 2021

Pakistan Published 02 Mar, 2022 10:02am

IMF will ask govt's relief package, says resident representative

Global lender to discuss incentives during 7th review of the Extended Fund Facility programme

World Published 26 Feb, 2022 07:36pm

S&P, Fitch downgrade Ukraine debt rating over crisis

S&P downgraded its rating from B to B-, Fitch cut the rating on Ukrainian government debt to "CCC" from "B"

Business Published 23 Feb, 2022 08:07pm

Sukuk, IMF package to help shore up Pakistan's economy: Moody’s

Moody’s in its latest report says that global long-term sovereign Sukuk issuance is set to drop to $73 billion in 2022

World Published 16 Feb, 2022 11:43pm

IMF chief urges G20 to move faster on debt relief

The IMF chief renews her call for urgent action from creditors, warning of dire consequences

Business Published 09 Feb, 2022 09:12pm

World Bank sets terms on Pakistan for $350m loan

The conditions include bringing the entire country under one General Sales Tax (GST) regime

Business Published 06 Feb, 2022 11:46am

More hike in electricity tariff on the cards under agreement with IMF

According to IMF, energy sector is in a precarious state because of long-standing deficiencies