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.
top-economy
Headline inflation eases in November, core inflation up
By Staff Reporter
ISLAMABAD: Consumer price inflation slowed to 23.8 percent in November as aggressive policy tightening dampened demand, official data showed on Thursday.
Dar says US can’t stop Pakistan from purchasing Russian oil
By Staff Reporter
ISLAMABAD: Finance Minister Ishaq Dar said the United States cannot stop Pakistan from purchasing Russian oil and it will be possible to finalise a deal with Moscow very soon.
SBP seeks whistleblowers to nab illegal forex trade
By Staff Reporter
KARACHI: The State Bank of Pakistan (SBP) has established a whistleblower system to get tips on foreign exchange dealers that may be breaking its rules.
SBP tightens dollar limits for international travelers
By Staff Reporter
KARACHI: The central bank on Tuesday restricted travelers ’access to foreign-currency cash up to $5,000 per visit, the latest step to preserve precious hard currency.
Government approves import of 300,000 tons of Russian wheat
By Staff Reporter
ISLAMABAD: Pakistan is set to import 300,000 tons of wheat at $372 a ton from Russia in a government-to-government deal as it battles to secure supplies after devastating floods in summer damaged the country’s strategic food stockpiles.
Finance ministry paints bleak economic outlook
By Staff Reporter
ISLAMABAD: The outlook for Pakistan’s economy darkened due to recent flash floods with inflationary and external sector pressures continue to hamper growth and a range of economic indicators pointing towards an impending crisis, the finance ministry said.
Image courtesy of Wikimedia Commons
Fresh hopes of Karachi Circular Railway revival
PM Sharif is keen to see electric trains plying the bustling port-megacity in four years. Can Shehbaz speed deliver where all previous rulers failed? By Muhammad Ali.
ADB to loan Pakistan $1.5 billion for social protection, food security
By Staff Reporter
ISLAMABAD: The Asian Development Bank (ADB) has approved $1.5 billion in financing to help Pakistan provide social protection, promote food security, and support employment amid devastating floods and global supply chain disruptions.
Pakistan’s troubles justify slump in bond prices: JPMorgan
Monitoring Desk
KARACHI: Investment bank JPMorgan has called the slump in Pakistan’s bonds to just a third of their face value justified, following the country’s devastating floods and recent warnings by officials that some debt payments may need to be suspended.