Pakistan’s perceived default risk worsens ‘owing to IMF uncertainty’
Expert says CDS would normalise after inflows from friendly countries and global lender are realised Pakistan’s perceived default risk worsens…
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.
US cannot stop Pakistan from purchasing Russian oil: Ishaq Dar
Dar says oil purchase from Moscow will be possible soon. US cannot stop Pakistan from purchasing Russian oil: Ishaq Dar….
Pakistan requires $348 billion of GDP for climate challenges
Pakistan needs $348bn or 10.7% of GDP in next eight years. Pakistan requires $348 billion of GDP for climate challenges….
OGRA refutes media reports about limited diesel stocks
“The news circulating regarding fuel shortage is baseless and contrary to facts,” it said in a press release. OGRA refutes…
World Bank to provide more than $3bn for energy infrastructure development in Pakistan
The development followed a meeting between the World Bank delegation and Minister for Energy Khurram Dastgir. World Bank to provide…
Merchandise trade deficit shrinks by 26.6%
Imports in July-Oct FY23 shrink by 16.2% to $21.02 billion. Merchandise trade deficit shrinks by 26.6%. The government’s policy of…
Pakistan earns $179m by exporting transport services in 2 months
The exports of air transport rose by 49.44 percent by going up from $75.890 million last year to $113.410 million….
Pakistan approves plan to import 300,000-tonne wheat from Russia
Pakistan to buy wheat at cost of $372 per tonne. ECC approves jacking up revised margins of OMCs. Pakistan approves…
ADB credits $1.5 billion to SBP’s account, Dar says
ADB says recovery from COVID-19 impeded by external shocks. ADB credits $1.5 billion to SBP’s account, Dar says. Finance Minister…
Pakistan convinces Saudi Arabia to set up $12bn refinery, petrochemical complex
Saudi Arabia to establish state-of-the-art refinery in Hub. Pakistan convinces Saudi Arabia to set up $12bn refinery, petrochemical complex. The…