Pakistan will not default, reiterates Ishaq Dar
Islamabad: Finance Minister Ishaq Dar reiterated that Pakistan will not default and country will escape current difficult economic circumstances. Speaking to business community at Federal Board of Revenue (FBR), he admitted that external financing wa...
IMF’s Georgieva confident US will not default on debt
DOHA: Managing Director of International Monetary Fund (IMF) Kristalina Georgieva said she was confident United States would avoid debt default. US government could fall behind on its bills next month and even default on its debt if Congress doesn&rs...
New air cargo routes launched between China, Pakistan
ISLAMABAD: Two new air cargo routes have been inaugurated between Pakistan and China to enhance connectivity between two countries. According to report of China Economic Net, new air routes will operate between Nanning, capital of China’s south...
Nepra defers decision on power tariff hike for Karachi consumers
ISLAMABAD: National Electric Power Regulatory Authority (Nepra) deferred its decision on power tariff hike for Karachi consumers and referred it to government, according to report. Nepra was moved for increasing power tariff by Rs 4.45 per unit. It r...
‘Nonsensical’: economist Atif Mian slams Pakistan govt’s policies
Karachi: Atif Mian noted Pakistani-American economist and currently professor of Economics, Public Policy and Finance at Princeton University slammed government policies as South Asian economy continues to struggle with growing balance of payment cri...
Rupee ends losing streak in inter-bank, but falls to 308-310 in open market
Karachi: Rupee remained stable against dollar appreciating marginally by 0.01 percent in inter-bank market. At close, rrupee settled at 287.13, gain of 0.02 paisa as per State Bank of Pakistan. However, in open market, dollar was being traded in rang...
KSE-100 ends flat owing to late session selling
Karachi: Pakistan Stock Exchange (PSX) saw disorderly session and KSE-100 index ended flat after trading on both sides of spectrum. Political instability coupled with economic uncertainty encouraged investors to book profits on their holdings. At clo...
Pakistan to hand over SAARC CCI presidentship to B’desh today
LAHORE: Pakistan will hand over presidentship of South Asian Association for Regional Cooperation (SAARC) Chamber of Commerce and Industry an apex trade body in region to Bangladesh for two-year term today. SAARC Chamber’s outgoing president If...
PM directs to provide relief to common man in fiscal budget
ISLAMABAD: Prime Minister Shehbaz Sharif directed authorities concerned to take all possible steps to provide relief to common man in next fiscal year’s budget. Chairing high-level meeting about preparation of budget for financial year 2023-24...
Textile exports plummet by 14pc to $13.7 bn in 10M FY 203
KARACHI: Textile exports experienced a significant decline of approximately 14 percent during 10-month period of fiscal year 2023, dropping to $ 13.7 billion, according to data released by Pakistan Bureau of Statistics. This marks substantial decreas...
