By Staff reporter
ISLAMABAD: The coalition government of Prime Minister Shehbaz Sharif on Tuesday decided to ban wedding functions after 10 pm and shut markets across the country at 8.30 pm as part of a raft of measures under the energy conservation plan to save costs amid an ongoing economic crisis.
By Staff Reporter
ISLAMABAD: Consumer prices unexpectedly rose in December and underlying inflation accelerated amid rising costs for fuel and food, indicating that the central bank will keep borrowing cost elevated in its next monetary review.
By Staff Reporter
ISLAMABAD: Pakistan’s economic alarm bells are still ringing loudly with fear of a global recession, spiraling local inflation, shrinking growth and alarmingly low foreign currency, reserves stoking investor concerns over a possible economic emergency, missed targets with the International Monetary Fund (IMF) and political unrest.
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif said his government has no option but to implement harsh measures under the ongoing International Monetary Fund (IMF) bailout programme.
By Staff Reporter
KARACHI: The central bank said it will lift a seven-month long import ban on certain goods, including raw materials for export industry, from January 2, 2023.
The CAREC Energy Outlook 2030 identifies generation rehabilitation, expansion, and energy efficiency measures on the consumption side as the top investment categories. By Staff Reporter.
By Staff Reporter
KARACHI: The State Bank of Pakistan (SBP) said on Wednesday the expansion of the economy is seen cooling next year, with both internal and external challenges weighing on growth.
By Staff Reporter
ISLAMABAD: Pakistan on Thursday signed five loans agreements worth $775 million for flood relief with the Asian Development Bank (ADB), the economic affairs ministry said, taking the total lending for the year to $2.7 billion with the agency.
By Staff Reporter
ISLAMABAD: The International Monetary Fund said it was having ‘productive’, ongoing discussions with Pakistan as part of a ninth program review of a $7 billion rescue package.
By Staff Reporter
ISLAMABAD: Russia has agreed to sell petroleum products, including crude oil, to Pakistan at a discounted price, a minister said on Monday.
