By Staff Reporter
KARACHI: In spite of the tough calls made by the coalition government to put Pakistan’s beleaguered economy back on the rails, the US dollar continued its ascent against the rupee Monday, rising above PKR 210 against the local currency during early morning trade in the interbank market.
By Staff Reporter
ISLAMABAD: The federal budget 2022-23 comes at a time when the country’s foreign exchange reserves are depleting, credit ratings are down, and the pressure on the out-of-options government to get a new lease on the IMF loan is increasing exponentially, economists said on Saturday.
By Staff Reporter
ISLAMABAD: Being at the tail end of River Indus, Sindh has been grossly impacted by water shortage, a minister said on Saturday, amid adverse impacts of climate change.
By Staff Reporter
ISLAMABAD: Pakistan Railways is seeking customs duty exemptions on import of machinery and equipment, an indication the behemoth national rail utility may be planning to undertake a modernisation or upgradation initiative soon.
By Staff Reporter
ISLAMABAD: In a last-ditch bid to iron out differences over budgetary numbers, Pakistan and IMF officials butted heads through Friday evening to reach a middle-ground amid expectations of a “breakthrough” within next 72 hours.
By our correspondent
ISLAMABAD: Pakistan is just ‘one step away’ from being removed from the grey list of the FATF — the international watchdog monitoring money laundering, terror financing, and other threats to global financial networks, after the had substantially completed its two action plans, covering 34 items, as part of a bid to get off the list on which it has been since 2018.
By Staff Reporter
ISLAMABAD: The government’s hopes of slashing the budget deficit by half bombed as provinces posted a meagure surplus of Rs91 billion instead of Rs800 billion for the next fiscal.
By Staff Reporter
ISLAMABAD: Power crisis-hit Pakistan, where the sun shines in all its glory most of the year, has planned to make the most of solar energy to overcome its chronic energy crisis, the Independent Pakistan (IP) learned on Thursday.
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) on Thursday distanced itself from reports suggesting the fund seeks agreements struck with the power plants, built under the China Pakistan Economic Corridor (CPEC), revised.
By Staff Reporter
ISLAMABAD: Khyber-Pakhtunkhwa (KP) has become the first Pakistani federating unit to undertake much-needed pension reforms and establish a Contributory Pension Fund (CPF) for new entrants into civil come new fiscal year.
