Govt seeks major IMF shareholders’ help for $7bn plan
Japan, Germany, and France are three other leading voting powers in IMF’s executive board with 6.14pc, 5.31pc and 4.03pc votes….
Economy
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World Bank sees India’s growth at 6.9% this year
Global slowdown has much slower impact on indian economy, says World Bank World Bank sees India’s growth at 6.9% this…
Russia to supply petrol, diesel at low rates to Pakistan: Musadik Malik
State minister for petroleum says Russia visit more successful than expected. Russia to supply petrol, diesel at low rates to…
Pakistan asks Russia for 30-40% discount on crude oil
Russia says it could not offer anything right now as all volumes were committed. Pakistan asks Russia for 30-40% discount…
Pakistan seeks support from Bank of China to bring back macroeconomic stability
Ishaq Dar urges Bank of China to expand business relations with Islamabad to deepen economic and financial relations. Pakistan seeks…
AIIB credits SBP account with $500m, Dar confirms
ADB’s financing will provide the fiscal space needed for the government to implement its countercyclical development expenditure package. AIIB credits…
PM Shehbaz asks Turkish investors to expand footprint in renewable energy
PM says Pakistan to ensure hassle-free investment environment. PM Shehbaz asks Turkish investors to expand footprint in renewable energy. Prime…
SBP hikes policy rate by 100bps to 16pc
Amid the on-going economic slowdown, inflation is increasingly being driven by persistent global and domestic supply shocks that are raising…
SBP’s reserves fall by $134m to $7.8bn
SBP-held foreign exchange reserves fall 1.7%. SBP’s reserves fall by $134m to $7.8bn. Pakistan’s foreign exchange reserves held by the…
Pakistan’s credit default swap shoots up to 92.53% amid political unrest
Five-year sovereign debt rises to highest-ever level. Pakistan’s credit default swap shoots up to 92.53% amid political unrest. The cost…