Pakistan must import about 300,000 MT of urea fertiliser, and commercial import prices may be out of the grower’s reach, necessitating a budget-breaking subsidy. By Muhammad Ali.
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.
Addressing the passing out parade of the 48th STP batch of the Police Service of Pakistan, Shehbaz Sharif lavished the service with praise over its role in Pakistan’s struggle against terrorism. By Monitoring Desk.
A PDNA drawn in collaboration with international development agencies puts the toll of the cataclysmic deluge at USD 30.1 billion, and highlights urgency of action as more than 8 million Pakistanis remain displaced. By Muhammad Ali.
By Staff Reporter
ISLAMABAD: The Financial Action Task Force (FATF) a global money laundering and terrorism financing watchdog, on Friday removed Pakistan from its gray monitoring list after four years.
By Staff Reporter
KARACHI: Global ratings agency Fitch cut Pakistan’s sovereign credit rating on Friday by a notch to ‘CCC+’ from ‘B-‘, citing further deterioration in the country’s external liquidity and funding conditions and a drop in foreign exchange reserves.
By Staff Reporter
KARACHI: The current account deficit narrowed sharply in the first quarter of the current fiscal year amid a decline in imports, which is being driven by slowing domestic demand as the central bank aggressively tightens monetary policy in recent months to tame runaway inflation.
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.
By Staff Reporter
ISLAMABAD: The government on Monday cut local RLNG (Re-gasified liquefied natural gas) prices by up to 13.1 percent for October.
By Staff Reporter
KARACHI: The State Bank of Pakistan (SBP) on Monday unveiled a transaction structure for the issuance of domestic Sukuk or Islamic bonds, which will be issued against new five identified underlying assets.
