Challenging times for the economy
KARACHI: In FY23, Pakistan’s economy experienced one of its most difficult years. The commodity cycle post-Covid started the…
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Spread shrinks as rupee recovers
KARACHI: The gap between rupee-dollar exchange rates in inter-bank and open markets narrowed to Rs7 on Wednesday as the domestic…
Petrol price likely to fall by Rs1.87 per litre
ISLAMABAD: The price of petrol is likely to be slashed by Rs1.87 per litre for the second fortnight of June but high-speed diesel…
Pakistan’s 2024 budget a missed opportunity: IMF
ISLAMABAD': The International Monetary Fund (IMF) on Wednesday said that the proposed budget missed the opportunity to…
Ministers paint a gloomy economic picture
ISLAMABAD: Defence Minister Khawaja Asif on Wednesday painted a very dismal picture of the national economy, lamenting that how…
PM aides appointed to Parco board
ISLAMABAD: The government has appointed two independent directors to the board of Pak Arab Refinery Limited (Parco) in a dubious…
IMF spells out terms to unlock bailout
ISLAMABAD: The International Monetary Fund (IMF) on Monday urged Pakistan to follow the Constitution in order to resolve its…
Another counter-cyclical approach to budget
ISLAMABAD: Amidst multiple crises, the government is busy planning the budget. It is a humongous task given the prevailing…
Economy shrinks from 6.1% to 0.3% under PDM govt’s watch
ISLAMABAD: Pakistan’s economic growth rate plummeted to 0.3% in the outgoing fiscal year due to severe restrictions imposed on the…
Shehbaz sees Rs700b PSDP insufficient
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday instructed the relevant quarters to further increase the proposed allocation…