By Staff Reporter
ISLAMABAD: The government is considering loosening restrictions on the largely closed border with arch-rival India to import mostly vegetables to mitigate cataclysmic floods fallout as food prices have risen sharply, a minister said on Wednesday.
By Staff Reporter
ISLAMABAD: The government on Tuesday planned to import one million tons of Russian wheat to build strategic stocks as unprecedented flash floods caused by historic monsoon rains have washed away major crops, including wheat.
By Staff Reporter
ISLAMABAD: The United Nations and Pakistan launched a flash appeal on Tuesday seeking to raise $160 million in emergency aid for over 33 million people affected by record-breaking floods that have killed more than 1,100 people since June.
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: 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.
