By Staff Reporter
ISLAMABAD: Setting the economic targets for the next fiscal year, the National Economic Council (NEC) on Wednesday signed off on an economic growth rate of 5 percent, a consolidated public sector outlay of Rs2.184 trillion, flat compared to this fiscal’s Rs2.135 trillion, and an inflation rate of 11.5 percent.
By Staff Reporter
ISLAMABAD: The National Economic Council (NEC) on Wednesday decided to close markets across the country at 8:30pm to conserve energy, which has become too expensive to afford for the consumers in Pakistan.
By Staff Reporter
ISLAMABAD: British Airways on Tuesday suspended its direct flights from London’s Heathrow Airport to Islamabad owing to operational issues for fifteen days (June1-30).
By Staff Reporter
LAHORE: The PTI’s petition seeking Hamza Shehbaz’s election as Punjab chief minister declared illegal has succeeded in having a court serve notices on Prime Minister’s son, the Attorney General of Pakistan, and others.
By Staff Reporter
ISLAMABAD: The government direly needs Rs165.2 billion for servicing foreign loans during the outgoing fiscal year as the rupee has slumped to record low against the dollar.
By Staff Reporter
ISLAMABAD: The markets may have responded rather well to the government’s recent moves to put a stalled International Monetary Fund (IMF) bailout back on track, but households are staggering under the enormous burden of inflation brought on by successive hikes in energy prices.
By Staff Reporter
A day after Moody’s downgraded Pakistan’s outlook from stable to negative citing “political and social risk”, British weekly the Economist has provided an apt translation for the obscure jargon: “Imran Khan is jeopardising Pakistan’s attempts to fix its economy”.
By Staff Reporter
ISLAMABAD: The cost of total foreign debt servicing is seen snowballing to $23 billion for the budget 2022-23 as repayment of commercial loans has now assumed a major chunk of an outstanding amount of $6 billion out of total obligations.
By Staff Reporter
KARACHI: The State Bank of Pakistan’s (SBP) foreign currency reserves have dropped to levels worth just six weeks of imports, latest figures showed on Thursday.
By Staff Reporter
ISLAMABAD: Pakistan on Wednesday came closer to an IMF deal after it reversed the subsidy on petroleum products by another Rs30/litre for the second time in the last seven days, adding fuel to the inflationary fires.
