By Staff Reporter
ISLAMABAD: Minister Shehbaz Sharif said on Friday the International Monetary Fund is giving Pakistan a difficult time in negotiations amid negotiations with the International Monetary Fund as the country battles an unprecedented economic crisis.
Islamabad is looking to source 20 percent of its oil imports from Russia, said the Minister of State for Petroleum in a written reply submitted in Senate. By Naveed Naqvi.
By Staff Reporter
KARACHI: Foreign exchange reserves have fallen to $3.09 billion, its lowest levels since February 2014, after paying off some of the country’s external debt, the central bank said on Thursday.
By Staff Reporter
ISLAMABAD: A biggest jump in food prices pushed Pakistan’s inflation a 48-year high in January in a new blow for households grappling with a cost-of-living crisis in the cash-strapped country.
By Staff Reporter
ISLAMABAD: The Finance Ministry sent a stark warning that the country risks a double-whammy of stagflation and an empty coffer as it pushed up its 2023 inflation projections to 26 percent.
By Staff Reporter
KARACHI: Fitch Solutions on Tuesday forecast that Pakistan’s currency would depreciate further, particularly with the country’s balance of payments position that is likely to remain weak for several more months.
By Staff Reporter
ISLAMABAD: Barrick Gold Corporation, developing the world’s largest site of copper and gold deposits in southwest Balochistan province said on Tuesday it had paid $3 million to the provincial government after agreeing to a timetable to disburse the committed funds to the province last month.
The size of the minibudget is emerging as one of the final sticking points between the Ministry of Finance and the IMF field mission, in Pakistan for the 9th review of a billion-dollar bailout program. By Muhammad Ali & Naveed Naqvi.
The IMF is in town, review talks are on, and the common Pakistani is waiting for Finance Minister Ishaq Dar’s other shoe to drop. By Muhammad Ali.
By Naveed Naqvi
ISLAMABAD: The government on Sunday raised prices of petrol and diesel by Rs35 per liter, just days after the rupee value plummeted to its lowest against the US dollar when price caps were removed.
