By Staff Reporter
ISLAMABAD: Exports rose for a third straight month in November, signaling a recovery in external demand while the trade deficit also narrowed as imports fell more than exports, official data showed on Friday.
Macro
Gas prices push inflation to 29.2pc in November
By Staff Reporter
ISLAMABAD: The consumer price inflation rate jumped to 29.2 percent in November, as a steep hike in gas prices fuelled the housing and utility costs, official data showed on Friday.
PC picks JLL to advise on Roosevelt Hotel sale
By Staff Reporter
ISLAMABAD: Pakistan has hired a consortium led by Jones Lang LaSalle Americas Inc. (JLL) as the financial adviser for the sale and joint venture development of the Roosevelt Hotel in New York, USA, the Privatisation Commission Board said on Friday.
Photo by John Guccione www.advergroup.com: https://www.pexels.com/photo/100-us-dollar-banknotes-3483098/
Rollover of USD 3bn Saudi deposit arrives
The rollover is crucial to Pakistan’s beleaguered economy hungry for hard currency reserves. The Kingdom is one of Pakistan’s traditional friends that have stood by the country through thick and thin. By Muhammad Ali.
IMF announces SLA with Pakistan after successful SBA review
The SLA paves the way for the disbursement to Pakistan next month of another USD 700 million to Pakistan under a 9-month SBA signed this July. By Muhammad Ali.
Pakistan, IMF near conclusion of SBA review as Fund chief heralds debt relief
A staff level agreement expected Wednesday evening may require Pakistan to hike power tariff and arrange USD 2 billion in external financing. By Muhammad Ali.
Remittances rise to seven-month high of $2.5bn in October
By Staff Reporter
KARACHI: Remittances increased to a seven-month high of $2.5 billion in October, up 12 percent from the previous month and 10 percent from a year ago, as migrant workers sent more money home through legal banking channels, central bank data showed on Friday.
FBR tax goal under IMF scrutiny over import slump, legal hurdles
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) has cast doubt on Pakistan’s ability to meet its ambitious tax collection goal for the current fiscal year, as lower imports and legal challenges pose risks to revenue growth, officials said on Friday.
Inflation slows to 26.9pc in October, lowest in 10 months
By Staff Reporter
ISLAMABAD: Pakistan’s annual inflation rate eased to 26.9 percent in October, the lowest level in 10 months, as food and fuel prices dropped sharply, official data showed on Wednesday.
Pakistan sees growth pickup, inflation drop ahead of IMF talks
By Staff Reporter
ISLAMABAD: The Finance Ministry said on Tuesday it expects the economy to remain positive in the current fiscal year, as it projected a decline in inflation and a rise in growth ahead of talks with the International Monetary Fund (IMF).