Business News
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Maryam Nawaz calls out Imran Khan for remarks over economic crisis
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[ad_1] PML-N Senior Vice-President Maryam Nawaz (right) and PTI Chairman Imran Khan. — AFP/Online/File Pakistan Muslim League-Nawaz (PML-N) Senior Vice-President Maryam Nawaz called out Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Twitter for his remarks over the deteriorating economic condition…
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SBP’s forex reserves rise to $3.8b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank rose by 16.5% on a week-on-week basis to $3.8 billion, according to data released by the State Bank of Pakistan (SBP) on Thursday. On February 24, 2023, the SBP’s foreign…
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Rupee falls sharply amid delay in IMF deal
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[ad_1] — APP/File KARACHI: The local currency fell sharply on Thursday against the US dollar amid a delay in the International Monetary Fund’s (IMF) deal, plunging by Rs17.59 during the trade, according to the Exchange Companies Association of Pakistan (ECAP)….
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Rupee freefalls in interbank to 290.18 against USD | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee plunged 8.29% (or Rs24.07) to a new all-time low of Rs290.18 against the US dollar in the interbank market at around noon on Thursday. The rupee continued its significant loss of value on the second…
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Power subsidies to agriculture withdrawn to win IMF loan
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[ad_1] Farmers busy in loading green fodder on a trolley at Phandu area, Peshawar, on January 10, 2023. — APP The coalition government on Wednesday revoked the power subsidy given to agriculture consumers — under the Kissan Package announced in…
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Pakistan inflation jumps 31.5%, highest in nearly 50 years | The Express Tribune
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[ad_1] KARACHI: The Consumer Price Index (CPI), the inflation monitor, jumped 31.5% in February year-on-year, the Pakistan Bureau of Statistics (PBS) said on Wednesday, the highest annual rate in nearly 50 years, as food, beverage and transportation prices surged more…
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Rupee slides to 265.83 in interbank market over IMF concerns | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency nosedived 1.65% (or Rs4.33) to Rs265.83 against the US dollar in the interbank market at 12:45 pm on Wednesday. The latest drop follows the International Monetary Fund (IMF) expressing concern with the incumbent government regarding…
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Islamabad baffled by IMF moving goalposts | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Tuesday once again sought the US help to conclude a desperately-needed deal with the International Monetary Fund (IMF). It is “rare” that despite implementing tough decisions with high political cost, the coalition government has to deal…
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Govt slashes petrol price by Rs5 per litre
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[ad_1] A large number of bike owners stand in a queue at a petrol pump in Islamabad on June 7, 2022. — APP ISLAMABAD: The coalition government has slashed the price of petrol for the next fortnight, taking it to…
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Moody’s downgrades Pakistan’s rating to Caa3
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[ad_1] Moody’s headquarters in New York, US. — AFP/File SINGAPORE: Moody’s Investors Service Tuesday downgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa3 from Caa1 as the cash-strapped country struggles to resurrect a long-suspended International Monetary…
