Business News
-
Pakistan places first order for discounted Russian crude oil
.
[ad_1] State Minister Musadik Malik addressing a press conference in Islamabad after Russia visit on December 5, 2022. — PID ISLAMABAD: State Minister for Petroleum Musadik Malik has confirmed that Pakistan has placed its first order for discounted Russian crude oil under…
-
‘Best strategy’ helped exit economic crisis: Ishaq Dar
.
[ad_1] Finance Minister Ishaq Dar speaks during a press conference in Islamabad on February 10, 2023. — AFP The Pakistan Democratic Movement (PDM)-led government’s “best strategy” helped the country come out of the economic crisis, Minister for Finance and Revenue…
-
Govt borrows Rs599b via T-bills auction | The Express Tribune
.
[ad_1] KARACHI: The government on Wednesday raised debt worth Rs599 billion through the sale of treasury bills to commercial banks, which lent funds at a historical high return of almost 22%. The borrowed amount was, however, almost 40% less than…
-
IMF struggles to find trustworthy partners | The Express Tribune
.
[ad_1] KARACHI: The International Monetary Fund (IMF) is facing a challenging question regarding whom to trust in Pakistan to revive its $7 billion loan programme for the nation. The incumbent government, led by Finance Minister Ishaq Dar, has continued to…
-
International decline, unchanged rupee lead to fall in gold’s value
.
[ad_1] A representational image of gold bangles. — AFP/File As the price of gold dropped in the international market and the USD-PKR exchange rate remained unchanged, the precious metal’s value declined in the domestic market on Wednesday. The price of…
-
Current account posts surplus for first time since Nov 2020
.
[ad_1] A man counts US dollar notes in this undated file photo. — AFP Pakistan’s current account posted a surplus in March after a 28-month period, the State Bank of Pakistan (SBP) data showed Wednesday. It was the first time…
-
Eid ul Fitr 2023 holidays: How many days will banks remain closed in Pakistan?
.
[ad_1] An undated image of the State Bank of Pakistan building. — AFP With only a few days left for the Eid ul Fitr — a religious festival celebrated by Muslims across the world — the State Bank of Pakistan…
-
Import ban pushes Pakistan’s current account into surplus | The Express Tribune
.
[ad_1] ISLAMABAD: Pakistan’s current account recorded a surplus in March, the highest in two years, the State Bank of Pakistan (SBP) alongwith other market analysts said, following stringent import restrictions to manage the economy’s turmoil. Pakistan is trying to get an IMF bailout back…
-
Soaring inflation dampens Eid holiday spirit | The Express Tribune
.
[ad_1] The holiday that marks the end of the Muslim fasting month of Ramazan used to be a guaranteed earner for Pakistan’s small shops and businesses — a big-spending week that could match the take from the rest of the…
-
Govt goes ahead with petrol subsidy scheme | The Express Tribune
.
[ad_1] ISLAMABAD: Contrary to the assurance given to the International Monetary Fund (IMF) of shelving the petrol subsidy scheme, the government has moved a summary for a relief package for motorcyclists and small vehicle owners. In February, Prime Minister Shehbaz…
