Business

ISLAMABAD: The International Monetary Fund (IMF) on Monday urged Pakistan to follow the Constitution in order to resolve its political disputes, as Prime Minister Shehbaz Sharif contacted Managing Director Kristalina Georgieva to revive the…

ISLAMABAD: Amidst multiple crises, the government is busy planning the budget. It is a humongous task given the prevailing situation. The government has to come up with innovative ideas to manage scarce resources and sustain the pressure…

ISLAMABAD: Pakistan’s economic growth rate plummeted to 0.3% in the outgoing fiscal year due to severe restrictions imposed on the imports in an effort to avoid sovereign default, leaving the industrial sector crippled with spillovers on…

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday instructed the relevant quarters to further increase the proposed allocation of Rs700 billion for the development budget for the next fiscal year after the planning ministry objected to a…

ISLAMABAD: Federal Minister for Information Technology and Telecommunication (ITT), Syed Aminul Haque, spearheaded significant discussions during meetings of the Universal Service Fund (USF) Policy Committee and the Ignite Policy Committee.…

SHANGHAI: The Shanghai Academy of Agricultural Sciences (SAAS) and the University of Agriculture, Faisalabad (UAF) have signed a Letter of Intent (LoI) on China-Pakistan agricultural science and technology collaboration. This milestone…

ISLAMABAD: German tech firm SAP has pressed the government to immediately address the challenges arising from the restrictions on opening Letters of Credit (LCs) as they have hurt its business in Pakistan. Interacting with the media, SAP…

ISLAMABAD: The government may unveil a fiscally expansionary budget of around Rs14.6 trillion – an unprecedented 50% increase over this’s year’s approved budget – mainly on account of a record high interest payments. Sources told Daily…

ISLAMABAD: The parliamentary Public Accounts Committee (PAC) was informed on Wednesday that circular debt in the gas sector increased during the current year but efforts were afoot to bring it down. The committee which met with its…

KARACHI: Bad news is aplenty. Pakistan is yet to clinch IMF’s nod to complete the ninth review. Political temperature is not dropping despite assurances to the Supreme Court. Country is in the midst of economic meltdown tick by tick as a…