By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday exempted electricity consumers utilising 300 units from Fuel Price Adjustment (FPA) charges in August.
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Inflation hits 47-year high, peak still to come
By Staff Reporter
ISLAMABAD: Soaring food prices pushed August inflation to a 47-year high of 27.3 percent and its peak could still be months away, official data showed on Thursday, underlining the severity of the cost-of-living crunch in struggling economy.
SBP receives $1.16 billion IMF tranche
By Staff Reporter
KARACHI: The central bank on Wednesday received inflows of $ 1.16 billion from the International Monetary Fund (IMF) as loan tranche under the Extended Fund Facility.
Fuel prices raised again
By Staff Reporter
ISLAMABAD: The government on Wednesday revised the prices of petroleum products, increasing the rates of petrol by Rs2.07 per liter with effective from September 1, 2022.
PM Sharif to consult coalition partners on importing goods from India
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.
Govt plans import of Russian wheat as floods damaged crop
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.
UN chief says Pakistan floods caused by ‘monsoon on steroids’; seeks $160mln in emergency aid
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.
Update: IMF approves much-awaited $1.17bln disbursement for Pakistan
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.
IMF approves much awaited $1.17bln disbursement for Pakistan
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.
Death toll from monsoon flooding nears 1,000; emergency declared
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.