ISLAMABAD: The government has kept petrol prices steady while trimming the cost of high-speed diesel by Rs2 per litre for the fortnight ending May 31, marking the third time in two months it has refrained from fully passing on lower international oil prices to consumers.
Economy
IMF pushes for budget cuts as debt concerns mount
ISLAMABAD: The International Monetary Fund is pressing Pakistan to tighten its fiscal belt as the country confronts hefty debt repayments and aims to stabilise its economy, local newspapers reported on Thursday.
Pakistan receives $1.023 billion IMF tranche
KARACHI: The State Bank of Pakistan on Wednesday received a $1.023 billion infusion from the International Monetary Fund, a critical lift for its foreign exchange reserves amid economic reforms and a fraught standoff with India.
MSCI adds three Pakistani cement stocks to Frontier Index
KARACHI: MSCI Inc. will add three Pakistani cement companies, DG Khan Cement Co., Maple Leaf Cement Factory Ltd., and Fauji Cement Co, to its Frontier Markets Index on May 30, lifting the country’s constituents to 26 from 23 and potentially drawing more foreign cash into its equity market.
Aurangzeb says India military standoff has limited fiscal impact; IMF tranche due today
KARACHI: Pakistan will receive a $1 billion loan instalment from the International Monetary Fund on Tuesday, Finance Minister Muhammad Aurangzeb said, part of a $7 billion bailout to stabilise the crisis-hit economy.
Trump says trade leverage helped secure India-Pakistan ceasefire
ISLAMABAD: President Donald Trump said Monday that his administration used trade leverage to broker a ceasefire between India and Pakistan, halting what he claimed could have escalated into a nuclear war.
Stocks post record 9pc gain on Trump truce, IMF tranche
By Staff Reporter KARACHI: Stock surged 9 percent on Monday, its biggest-ever single-day gain, as a ceasefire with India brokered by US President Donald Trump
IMF clears $1bn Pakistan tranche, rebuffs India
ISLAMABAD: The International Monetary Fund on Friday approved a $1 billion disbursement to Pakistan under its Extended Fund Facility, brushing aside India’s attempts to persuade the lender to withhold the funds.
Remittances surge 31pc to $31.2bn in FY2025, despite April dip
KARACHI: Pakistan’s remittances from overseas workers soared 31% in the first 10 months of fiscal year 2025, reaching a record $31.2 billion, compared to $23.9 billion in the same period the previous year, data from the State Bank of Pakistan (SBP) showed on Friday.
Pakistani stocks crash, Indian rupee hits new low on war risks
KARACHI: Stocks suffered its worst day on record on Thursday, as the market tumbled 6,482.21 points on Thursday, marking its largest single-day decline in terms of points, as escalating military tensions with India triggered a wave of selling that wiped nearly 5.89 percent off the benchmark KSE-100 Index, closing it at 103,526.81.