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.
By Staff Reporter
ISLAMABAD: The Economic Coordination Committee (ECC) on Friday approved the import of 800,000 tons of wheat through the Trading Corporation of Pakistan (TCP) as the country’s existing strategic food stockpiles are running out.
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
KARACHI: Production of paracetamol products had resumed in the country after an agreement on new prices was reached between the government and pharmaceutical industry, the finance ministry said on Wednesday.
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
ISLAMABAD: Pakistan is set to see its name off the grey list of the Financial Action Task Force (FATF) after it was found to be compliant in the action plan set out by the global financial watchdog.
By Staff Reporter
ISLAMABAD: The Asian Development Bank (ADB) has approved $1.5 billion in financing to help Pakistan provide social protection, promote food security, and support employment amid devastating floods and global supply chain disruptions.
Monitoring Desk
ISLAMABAD: Pakistan will ask international lenders for billions of dollars worth of new loans to rebuild the country after calamitous floods uprooted 33 million people and pushed its cash-strapped economy even closer to insolvency, Financial Times reported.
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.
