By Staff Reporter
ISLAMABAD: Inflation in September rose for the first time in four months after the government raised fuel prices to meet International Monetary Fund’s (IMF) conditions for an ongoing $3 billion bailout program.
Economy
Exports snap 11-month slump, trade deficit shrinks
By Staff Reporter
ISLAMABAD: Pakistan’s exports of goods rose for the first time in almost a year in September, reversing a prolonged slump caused by a struggling economy, official data showed on Monday.
Cnergyico buys first private shipment of discounted Russian oil
By Staff Reporter
KARACHI: A Pakistani refiner has imported the country’s first private-sector shipment of Russian crude oil, taking advantage of Moscow’s discounts on its oil exports after its invasion of Ukraine.
Photo by Robert So: https://www.pexels.com/photo/electrical-wires-on-wooden-post-on-street-14019256/
Catch 22: Discos’ governors part of problem
Intent on pushing through the privatisation agenda laid down by the previous government, Pakistan’s caretaker government is weighing options to sack the governors of power distribution companies. By Staff Reporter.
Pakistan signs preliminary free trade pact with Gulf bloc
By Staff Reporter
ISLAMABAD: Pakistan and the Gulf Cooperation Council agreed to a preliminary free trade deal, the first by the six-nation bloc with any country since 2009, as Islamabad seeks to boost its exports and attract more foreign investment.
Inflation to hit 31pc in September
By Staff Reporter
ISLAMABAD: Inflation is expected to reach 31 percent in September, as rising fuel and energy prices squeeze consumers and businesses.
Pakistan pursues $11 billion in funding from China, Saudi Arabia to plug gaps
By Staff Reporter
ISLAMABAD: Pakistan is seeking around $11 billion in bilateral support from China and Saudi Arabia to fill its external and domestic financing gaps as it tries to keep its IMF program on track, an interim finance minister said on Thursday.
IMF defends Pakistan loan program amid human rights criticism
By Staff Reporter
ISLAMABAD: The IMF on Thursday defended its role in Pakistan’s economic recovery, saying that its policies are designed to help the country overcome its fiscal and external imbalances and support its social development goals.
Pakistan back in LNG market after year-long hiatus
By Staff Reporter
ISLAMABAD: Pakistan is back in the market for liquefied natural gas (LNG) after a year-long hiatus, as it tries to secure supplies for the winter season amid a global gas crunch.
Caretaker Minister for Finance Dr Shamshad Akhtar and the Caretaker PM’s Advisor on Finance Dr Waqar Masood Khan
Titans’ clash threatens rupee gains, IMF review
Two heads are better than one, goes the old saw. But two in this case seem to be too many – as in too many cooks spoil the broth. At stake is the economic wellbeing of the country, but does anyone care? By Muhammad Ali.