Even with the downgraded forecasts, developing Asia will still do better than other regions globally, both in terms of growth and inflation. By Staff Reporter.
Economy
Pakistan weighs cut to pump prices
The masses badly need relief, but the government needs more revenue to keep a minuscule primary surplus it promised the IMF to turn at the end of the current fiscal year. By Naveed Naqvi.
IMF says having ‘productive’ talks with Pakistan as part of program review
By Staff Reporter
ISLAMABAD: The International Monetary Fund said it was having ‘productive’, ongoing discussions with Pakistan as part of a ninth program review of a $7 billion rescue package.
19 new TVET centres under USD 100 million ADB project
The project will fund demand-driven and gender-focused training expected to boost livelihoods and support industries that are key to Pakistan’s recovery and future growth. By Staff Reporter.
New USD 554 million flood assistance package from ADB
The Bank has consistently stood by Pakistan in the wake of this monsoon’s cataclysmic flooding, helping with post-disaster needs assessment and mobilising technical and financial resources. By Staff Reporter.
Pakistan Consumers’ Confidence Index for Q4 2022 by Ipsos. Image courtesy of Ipsos.
Economic gloom lifting but optimism still low
Although continued political stability continues to take its toll in terms of perception, a dogged optimism about the country’s economy is returning. By Ahmer Kureishi.
Image courtesy of @radiopakistan
Paucity of funds hits pensioners of Radio Pakistan
In 1947, they broke the news of Pakistan’s independence. In 1922, Radio Pakistan has run out of funds to keep their pensions payments going. By Muhammad Ali.
Top court clears Reko Diq deal
By Naveed Naqvi
ISLAMABAD: Supreme Court of Pakistan has cleared the way for the start of mining work at the Reko Diq project, one of the world’s top underdeveloped sites of copper and gold deposits, after it endorsed a settlement agreement between Canadian firm Barrick Gold and the Pakistani government on Friday.
Saudis rushing billions to boost liquidity
The authorities quash rumours of an economic emergency but emphasise the need for government austerity and conservation of energy. By Muhammad Ali.
Russia agrees to sell discounted crude oil to Pakistan
By Staff Reporter
ISLAMABAD: Russia has agreed to sell petroleum products, including crude oil, to Pakistan at a discounted price, a minister said on Monday.