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.
Economy
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.
Image courtesy of pbs.gov.pk
Pakistan reports first quarter growth of 2.13 percent
Going by the first quarter numbers, Pakistan’s economy may be on track to score a modest recovery, although it is too soon to say just yet if the trend will hold through the fiscal year and beyond. By Muhammad Ali.
Image courtesy of weforum.org
COP28: Pakistan’s plan – and clarion call – to tackle climate change
Pakistan is geared to present its case for urgent and united climate action by the comity of nations to help arrest global warming and mitigate the unfolding climate disaster. By Muhammad Ali.
FBR seizes millions of illicit cigarettes, but lets tax evaders off the hook
News Desk
The tax authority seized 58.8 million cigarettes in the first quarter of the fiscal year 2023-24, as part of its crackdown on the illicit tobacco sector, but failed to prosecute or imprison any of the offenders who are evading taxes and causing losses to the national exchequer.
ADB lends Pakistan $250 million for power transmission project
By Staff Reporter
ISLAMABAD: The Asian Development Bank (ADB) on Friday approved $250 million in loans that will help deliver reliable electricity in Pakistan by expanding and improving the power transmission network in the country’s Punjab and Khyber Pakhtunkhwa provinces.
FM Akhtar says Pakistan can’t manage without IMF support
By Staff Reporter ISLAMABAD: Pakistan will need a new short-term loan from the International Monetary Fund (IMF) to cope with its fragile economy and may
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.