Monitoring Desk
KARACHI: State Bank of Pakistan Acting Governor Murtaza Syed discussed monetary policy and the outlook for the economy. The central bank on Thursday raised borrowing costs more than expected to quell Asia’s second-fastest inflation and meet conditions for a loan from the International Monetary Fund. Syed speaks on “Bloomberg Markets: Asia.” (Courtesy: Bloomberg)
By Naveed Naqvi
ISLAMABAD: Federal Minister for Water Resources Syed Khursheed Shah is the latest of Pakistan Democratic Movement (PDM) politicians to react in strong terms to the alleged dishonorable behavior of former senior justice Javed Iqbal, but the coalition government is yet to signal in any way it intends to take legal action over the matter.
By Staff Reporter
ISLAMABAD: Households and businesses will alike see their fuel bills swell if Prime Minister Shehbaz Sharif okays a proposal to hike gas prices for both households and industries.
By Staff Reporter
KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves again fell below $10 billion in the week that ended June 30.
By Staff Reporter
KARACHI: Pakistan LNG Limited (PLL) did not receive a single offer in a $1 billion LNG import tender for 10 spot cargos for July to September deliveries, sources said.
By Staff Reporter
ISLAMABAD: Weekly SPI inflation eased to 1.32 percent from 3.63 percent, but a rise in prices from a year earlier on higher food and energy costs adds to the miseries facing common Pakistanis.
By Staff Reporter
KARACHI: The State Bank of Pakistan (SBP) on Thursday raised borrowing costs by 125 basis points to quell Asia’s second-fastest inflation and meet conditions for a loan from the International Monetary Fund (IMF).
By Ahmer Kureishi
June, the final month of the last fiscal year saw wholesale inflation in Pakistan rise to a historic high of 38.9 percent per annum, giving rise to fears that the flood of consumer price inflation is about to turn into a tsunami. Already at this point, the consumer price index was at 21.32 percent per annum.
By Staff Reporter
ISLAMABAD: Foreign Minister (FM) Bilawal Bhutto Zardari on Wednesday invited the US to deepen trade and non-trade ties during a telephonic talk with US Secretary of State Antony Blinken, who called him to discuss matters of bilateral significance.
By Staff Reporter
ISLAMABAD: The death toll from urban floods hammering many cities in Pakistan rose on Thursday as record torrential rainfall flooded streets and damaged homes and other buildings, with more rain expected during the week.
