Business News
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IMF ‘not consulted’ on petrol subsidy
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[ad_1] The headquarters of the International Monetary Fund in Washington DC. — AFP/File International Monetary Fund’s (IMF) Resident Representative for Pakistan Esther Perez Ruiz said the global lender was not consulted by Islamabad before it planned to increase fuel costs…
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Govt’s subsidy plan raises red flags | The Express Tribune
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[ad_1] ISLAMABAD: The chances of finalising the ninth review of the troubled $6.5 billion Extended Fund Facility (EFF) from the International Monetary Fund (IMF) soon got bleak after the global lender on Monday raised questions over the government’s new fuel…
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Pak Suzuki posts staggering losses of Rs6.3b | The Express Tribune
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[ad_1] KARACHI: Pak Suzuki Motor Company (PSMC) has reported a significant loss of Rs6.3 billion, with outstanding foreign liabilities of $184 million, for the year ended December 31, 2022. According to a notice sent to the Pakistan Stock Exchange (PSX)…
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How will govt provide Rs100 subsidy on petrol?
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[ad_1] An employer of a petrol pump fills the fuel tank of a bike in Karachi, on March 17, 2023. — TheNews In a major move to provide relief to the inflation-hit masses, the federal government on Monday decided to…
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Ishaq Dar says nuclear programme statement taken ‘out of context’
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[ad_1] Finance Minister Ishaq Dar speaks during a press conference in Islamabad on February 10, 2023. — AFP Finance Minister Ishaq Dar said Monday that his statement regarding the nation’s nuclear programme was taken out of context and that reason…
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Pakistan’s current account deficit hits two-year low | The Express Tribune
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[ad_1] KARACHI: Pakistan’s current account deficit (CAD) hit a two-year low of $74 million in a month, narrowly failing to turn around the country’s deficit into surplus in February. The government achieved the significantly low deficit through limiting imports to…
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Govt offers Rs50 per litre petrol subsidy to motorcyclists, small car owners
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[ad_1] A view of Motorists standing in a queue for filling petrol outside a petrol pump in Rawalpindi on January 1, 2023. — Online LAHORE: In a surprise relief to the inflation-hit masses, Prime Minister Shehbaz Sharif on Sunday said…
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As IMF shifts towards inclusive growth, is Pakistan ready? | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s decades-old policies that give preferential access to state resources to a select few sectors and ensure strong government footprints have placed it among nations that have the lowest inclusive growth and low access to education and healthcare,…
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PM announces petrol relief package for motorcyclists | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif announced on Sunday that low-income individuals will receive a petroleum subsidy of Rs50 per litre as part of a relief package. The subsidy will be available to those who own motorcycles, rickshaws, 800cc cars,…
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Crunch weekend for crisis-hit Credit Suisse
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[ad_1] Credit Suisse shares have nosedived. — AFP/File ZURICH: Troubled Credit Suisse has two days to reassure before the markets open Monday with the spectre of a new turbulent week in global finance looming. The Zurich-based lender was holding crisis…
