By Staff Reporter
KARACHI: The International Monetary Fund’s (IMF) executive board on Monday approved a much awaited $1.17 billion disbursement to Pakistan after completing seventh and eighth reviews of the country’s reforms under a stalled $6 billion loan program.
By Staff Reporter
KARACHI: Widespread flooding across the country so far has killed 937 people, including 343 children and left at least 33 million without shelter and food, forcing the government to declare a state of emergency, officials said.
By Staff Reporter
ISLAMABAD: Saudi Arabia plans to invest $1 billion in Pakistan to support the country’s economy, official Saudi Press Agency (SPA) reported on Thursday.
By Staff Reporter
KARACHI: Pakistan’s foreign direct investment (FDI) fell 43 percent to $59 million in July from $103.8 million same period last a year ago, the central bank data showed on Wednesday.
By Staff Reporter
ISLAMABAD: Qatar’s sovereign wealth fund plans to invest $3 billion Pakistan, the ruler’s office said on Wednesday, extending its support to the cash-strapped economy of the South Asian country.
By Staff Reporter
KARACHI: Current account deficit narrowed to $1.21 billion, in the first month of the fiscal year that began July 1 from $2.187 billion in the previous month, boosted by a sharp cut in imports, the central bank said in balance of payments figures released on Wednesday.
By Staff Reporter
KARACHI: The government planned to exempt at least 17 million consumers from paying fuel adjustment charges (FCA) in their monthly electricity bills to provide relief from sky-high energy bills, Prime Minister Shehbaz Sharif said on Tuesday.
By Staff Reporter
ISLAMABAD: President Arif Alvi on Monday signed an ordinance further raising taxes on tobacco products to generate an additional revenue of Rs38 billion ahead of the International Monetary Fund’s crucial board meeting on Pakistan’s bailout funding.
By Staff Reporter
ISLAMABAD: The Islamabad High Court on Monday decided to initiate contempt proceedings against former prime minister Imran Khan for his controversial remarks against a sessions court judge at a rally held over the weekend.
By Staff Reporter
KARACHI: State Bank of Pakistan kept its benchmark interest rate unchanged at 15 percent on Monday, and said it continued to have a cautious attitude toward policy stance considering runaway monthly inflation.
