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Business

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 political disputes, as Prime Minister Shehbaz Sharif contacted Managing Director Kristalina Georgieva to revive the…

Shehbaz sees Rs700b PSDP insufficient

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…

IT minister approves Rs4.37b for USF

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.…

Circular debt shoots up by ‘Rs500b’

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…

Rejoicing signs of rupee stability

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…