By Staff Reporter
ISLAMABAD: Pakistan is hosting a trilateral dialogue in Islamabad on Saturday with China and Afghanistan, where the foreign ministers will participate in bilateral and trilateral discussions on a range of issues, including security and the economy.
By Staff Reporter
ISLAMABAD: Pakistan’s fiscal deficit continues to pose economic challenges, reaching 3.7 percent of GDP or Rs3.078 trillion in the first nine months of the current fiscal year (July-March 2023), despite a provincial surplus of Rs456 billion.
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) is collaborating with Pakistani authorities to complete the ninth review of a stalled bailout program, the Fund’s mission said on Friday.
News Desk
ISLAMABAD: The International Monetary Fund (IMF) is set to review Pakistan’s budget plans for the upcoming financial year, a process that could pave the way for a crucial injection of financing for the cash-strapped country, Reuters newswire reported on Thursday.
By Staff Reporter
KARACHI: Pakistan’s oil sales experienced a sharp decline, with a 46 percent year-on-year drop to 1.171 million tons in April. The country’s total sales during the July-April period of FY23 also suffered a significant setback, decreasing by 24 percent to 13.970 million tons.
By Staff Reporter
ISLAMABAD: Pakistan has agreed to seek approval from the International Monetary Fund (IMF) before providing any additional subsidies, local media reported on Thursday.
By Staff Reporter
ISLAMABAD: Pakistan’s trade deficit has shown a significant reduction of 39.62 percent, amounting to $23.713 billion, during the initial ten months of the current fiscal year.
By Staff Reporter
ISLAMABAD: Pakistan has surpassed Sri Lanka to become Asia’s fastest inflationary economy, with rising food and energy costs and a weaker currency driving price gains to a record in April, government data showed on Tuesday.
By Staff Reporter
ISLAMABAD: The government on Sunday announced that the price of petrol will remain unchanged at Rs282 per litre for the next two weeks, while the price of high-speed diesel has been reduced by Rs5 per litre to Rs288.
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.
