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.
By Staff Reporter
ISLAMABAD: Trade deficit has widened to a record $43.33 billion in July-May on high oil import bill, which may further worsen the current account balance and devalue the rupee.
By Staff Reporter
KARACHI: Rating agency Moody’s Investors Service downgraded Pakistan outlook to negative from stable on Thursday, citing higher fiscal risks due to a delay in the revival of International Monetary Fund’s bailout programme
By Staff Reporter
ISLAMABAD: Consumer inflation jumped to over 2-year high of 13.76 percent in May fuelled by rising energy and food rates as high prices of imported fuels compounds the impact of the rupee’s plunge this year, , official data showed.
By Staff Reporter
ISLAMABAD: Sikandar Sultan Raja, Chief Election Commissioner (CEC), on Wednesday trashed PTI’s allegations of bias saying they had no legs to stand on.
Staff Reporter
ISLAMABAD: A senior judge has said a case can be opened against the PTI Chairman Imran Khan for mocking the Supreme Court of Pakistan by inciting violence during the long march on May 29, 2022 in a breach of his own given word.
Staff Reporter
ISLAMABAD: A senior judge has said a case can be opened against the PTI Chairman Imran Khan for mocking the Supreme Court of Pakistan by inciting violence during the long march on May 29, 2022 in a breach of his own given word.
