World Bank cancels $500 million loan to Pakistan over unmet conditions
Pakistan’s energy sector remains a significant challenge, with high electricity tariffs and inefficient power agreements. World Bank cancels $500 million…
Economy
Follow the latest economy news, inflation updates, currency movements, interest rates, trade, taxation, employment, government budgets, energy prices, and financial policy developments from Pakistan and around the world. Get clear reporting and analysis on the economic indicators and decisions that affect households, businesses, investors, and national growth. Economic coverage commonly includes policy, jobs, trade, banks, inflation, taxes, and broader economic conditions.
Elon Musk’s net worth surpasses $400bn
Musk’s fortune is primarily tied to the share price of Tesla and the valuation of SpaceX. Elon Musk’s net worth…
Pakistan secures $7b loan from IMF at 5% interest rate
Finance Minister indicated plans to approach the international capital markets soon, with plans for issuing Panda bonds in the current…
FBR proposes ‘one mobile per person’ limit for passengers arriving from abroad
Any additional phones, or any quantity exceeding one that is not for personal use, will not be permitted and will…
NBP unveils new president’s extraordinary 7-digit monthly salary package
The new package also includes a new vehicle, with the option to purchase the car at 10% of its cost…
Current profit rates for Regular Income Certificates in Dec 2024 revealed
Investments made in Regular Income Certificates are exempt from Zakat deduction. Current profit rates for Regular Income Certificates in Dec…
Honda to launch three new models over the next two years
Honda’s Indian lineup includes three models: two sedans and one SUV. Honda to launch three new models over the next…
World Bank secures record $100 billion in support for the poorest countries
IDA remains the single largest source of concessional climate finance, with two-thirds of its funding over the past decade directed…
Historic rail link between Pakistan & Russia to boost bilateral trade
The direct rail corridor will reduce transportation costs by cutting down travel time and reliance on more expensive sea and…
PSX starts week with strong rally by crossing 102,000 mark
Last week, the stock market achieved 100,000-point milestone amid strong interest from local investors and institutional support. PSX starts week…