By Staff Reporter
KARACHI: The State Bank of Pakistan (SBP) on Friday eased 100 percent cash margin requirements on all import on deferred payments to facilitate importers, it said.
Economy
ECC rejects Russian wheat at $400/ton; suggests counter price
By Staff Reporter
ISLAMABAD: Pakistan is likely to accept import offers made for wheat well below $400/ton for a quantity of 300,000 tons at a government-to-government arrangement with Russia.
IMF & Pakistan: Going in circles?
Taking stock of the progress made over the period covered by the Fund’s EFF program, it is amply clear our economy is worse than before.
Digital composite by Independent Pakistan created from images courtesy of emlaakfinancials.com
Innovative online investment platform launched
By Staff Reporter
KARACHI: In a landmark development, Pakistan Friday launched Emlaak Financials, the country’s first digital aggregator platform for mutual funds.
Pakistan gets China’s nod on $2 billion debt rollover
By Staff Reporter
ISLAMABAD: China has allowed cash-strapped Pakistan to rollover $2 billion worth of short-term commercial loans to provide a major relief for its all-weather ally, which is reeling under major economic crisis.
Stock image courtesy Pixabay
Rupee, stocks continue to rally on positive sentiment
The markets are buoyant on the news of a mending of fences with the IMF and a narrowing of trade deficit.
July inflation hits 14-year high as another rate hike looms
By Staff Reporter
KARACHI: July inflation accelerated to its highest in 14-year on runaway food prices, stoked by a battered rupee, raising prospects of more rate hike by central bank later this month, official data showed on Monday.
“Pakistan will solve temporary economic crisis with IMF help”
By Staff Reporter
KARACHI: Pakistan’s economic problems are only temporary, and the government is committed to forcefully managing especially its ballooning debt with assistance from the International Monetary Fund (IMF), finance ministry said, expressing its confidence that measures were moving the country in the right direction.
Final Lap: Pakistan seeking bilateral commitments to plug financing hole
The ruling PDM has burnt a lot of political capital, making a series of tough calls to put an IMF bailout back on the rails
Finance minister Miftah Ismail addressing a press conference in Islamabad on July 31, 2022. PID Photo
Govt withdraws fixed tax on traders after protests
By Staff Reporter
ISLAMABAD: Pakistan, struggling with weak finance, withdrew a fixed tax of Rs3000 on small traders with electricity consumption of less than 150 units per month after countrywide protests from businesses that have been ill-prepared for the change.