By Staff Reporter
ISLAMABAD: Pakistan’s Finance Ministry has projected that inflation in April could reach an unprecedented range of 36 percent to 38 percent year-on-year due to a surge in food and energy prices, as well as the effects of a weakened currency.
By Staff Reporter
ISLAMABAD: The government on Friday announced plans to build a new refinery to meet the country’s energy needs.
By Staff Reporter
ISLAMABAD: The government on Friday approved an increase in retail prices for both general and essential medicines, with the latter rising by up to 14 percent and the former by as much as 20 percent.
By News Desk
If the government’s move to institute new taxation measures through a minibudget was aimed at raising more revenue to plug the yawning budget deficit, it may well prove counterproductive – at least as far as it concerns the tobacco sector.
By Staff Reporter
KARACHI: The Economist Intelligence Unit (EIU) has stated that Pakistan is expected to default on its external debt obligations by early 2024 due to limited foreign-exchange reserves to service its external debt and the end of its IMF loan by the third quarter of 2023
The Nashonuma direct cash transfer intervention looks to improve uptake of health and nutrition services among the poorest of the poor. By Muhammad Ali.
By Staff Reporter
ISLAMABAD: Pakistan’s economy is expected to remain weak throughout 2023 due to stricter financial conditions and a lack of fiscal flexibility, the government said on Wednesday.
By Staff Reporter
ISLAMABAD: Pakistan’s efforts to secure additional financing have been met with delays in striking a staff-level agreement with the International Monetary Fund (IMF), with authorities now blaming the Fund for using “dillydallying tactics”.
Receiving commitments totalling to USD 5.58 billion, Pakistan accounted for just under a fifth of the ADB’s total loan and grant commitments over the year 2022. By Muhammad Ali.
By Staff Reporter
KARACHI: The State Bank of Pakistan (SBP) has allowed banks to allocate dollars to a broader range of clients, including foreign airlines, potentially making hard currency available to international companies seeking to repatriate earnings after months of delays, senior bankers said on Friday.
