By Staff Reporter
ISLAMABAD: The government plans to raise much needed millions of dollar in debt via an Islamic sukuk bond later this calander year amid growing concerns about the country’s dwindling foreign currency reserves.
Economy
Rupee continues to shed value
By Staff Reporter
KARACHI: The US dollar’s upward march continued on Tuesday as it rose to PKR 212 against the local currency during early morning trading in the interbank market.
Bitter Pills: PM signs off on IMF prescription to heal economy
By Staff Reporter
ISLAMABAD: Country’s economic managers on Monday hashed out the ‘tough conditions’ tied to the resumption of the IMF loan programme with Prime Minister Shehbaz Sharif and got a final go-ahead.
Forex Shortage: SBP curbs importers’ access to dollars
By Staff Reporter
KARACHI: The central bank has made importers’ access to dollars comparatively difficult by directing banks to come to it first before making a transaction of $100,000 for any import payment in a latest bid to conserve hard US currency, media reported quoting sources on Monday.
PYLONS, SUNSET, SILHOUETTE: Image courtesy of Pixabay
Can Khurram Dastgir end Pakistan’s power woes in short order?
By Staff Reporter
ISLAMABAD: He is in Tehran on a high-level mission to negotiate a power import deal with the Ayatollahs. But does he realise how close he is to solving Pakistan’s energy crisis in short order?
Dollar’s onslaught against Rupee gets ugly
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.
Tough Times Ahead: Economists warn government to ration all resources
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.
HYDERABAD:: Dryness seen in the downstream of River Indus near Railway Bridge Kotri. ONLINE PHOTO
Climate Change: Water-stressed Sindh could go dry before rest of Pakistan
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.
Is Pakistan Railways eyeing modernisation?
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.
Breakthrough Expected: Pakistan in last-ditch talks to cut a deal with IMF
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.