Current account surplus drops 42 times to $18m
KARACHI: Pakistan’s current account has recorded a modest surplus of $18 million in April, a figure significantly lower than…
Despite uncertainties, rupee remains stable
KARACHI: Despite the tumultuous state of Pakistani politics and economy, the local currency managed to maintain stability, closing…
Rs9b released for equity injection into power plant
ISLAMABAD: The federal government has released Rs9 billion for equity injection in an attempt to kick-start work on the stalled…
IHC extends Imran’s bail till June 8 in two cases
ISLAMABAD: The Islamabad High Court (IHC) extended Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan's bail till June 8 in two cases…
Amidst polarisation: Controversy clouds CJP’s career
ISLAMABAD: On account of polarisation within the Supreme Court, the whole career of Chief Justice of Pakistan (CJP) Umar Ata…
Tax on cash withdrawal proposed
ISLAMABAD: The government’s tax commission has proposed the re-introduction of withholding tax on cash withdrawal and banking…
Risk of default rises as bond yields spike
KARACHI: The yield on Pakistan’s US dollar-denominated bond experienced a significant surge, climbing 73 basis points to 106.37%…
‘Political uncertainty threatens economic survival’
KARACHI: The business community in Pakistan has expressed deep concerns over the prevailing political instability, highlighting…
LSM output drops 25% due to import restrictions
ISLAMABAD: The government’s policy to trade off a sovereign default with a steep curb on imports, coupled with the high cost of…