It is time for the Finance Minister to show the world how Pakistan can overcome its chronic macroeconomic imbalances and become solvent in short order – and so much rides on his success. By Muhammad Ali.
By Staff Reporter
Finance Minister Ishaq Dar on Sunday said Pakistan will not seek debt restructuring from Paris Club creditor nations as he stepped up attempts to calm frayed investor nerves after a credit rating downgrade.
By Naveed Naqvi
ISLAMABAD: Two alleged audios of former prime minister Imran Khan surfaced on Friday, featuring him trying to buy the loyalties of lawmakers and also justifying his action ahead of a no-confidence vote in April.
Confident that the initiative will not break the budget, Finance Minister Ishaq Dar hopes it will enhance the industries’ competitive edge in export markets. By Muhammad Ali.
By Staff Reporter
ISLAMABAD: The finance ministry has rejected Moody’s decision to downgrade Pakistan’s sovereign credit rating to Caa1 — very high credit risk status — as ‘unilateral’ and ‘not truly reflective of the country’s macroeconomic conditions”.
Pakistan Development Outlook says implementation of IMF-sponsored reform has been made more challenging by this monsoon’s catastrophic floods. By Muhammad Ali.
By Staff Reporter
ISLAMABAD: General Qamar Javed Bajwa reiterated that he will retire next month, ending speculation that the army chief will seek a third term.
By Staff Reporter
ISLAMABAD: The State of Pakistan (SBP) on Tuesday said it has opened an investigation into alleged exchange rate manipulation by a goup of banks.
By Naveed Naqvi
ISLAMABAD: Prime minister, Shehbaz Sharif, has accused the former premier Imran Khan of being the “the biggest liar on the face of the earth” and injecting poison into society to “dangerously polarise the electorate”, after he was toppled from power earlier this year.
By Staff Reporter
ISLAMABAD: The United Nations has revised up its humanitarian appeal for Pakistan five-fold to $816 million from $160 million for floods relief as the country’s climate change minister said on Tuesday Islamabad is short of money to spend on immediate relief and recovery.
