Fitch revises Pakistan’s outlook to negative
Fitch sees considerable risks to its implementation of IMF program. Fitch Ratings on Tuesday revised Pakistan’s Outlook to Negative from…
Economy
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World Bank approves $200m loan for Pakistan
PRIAT will increase agricultural productivity through efficient & equitable access to water for small farms. World Bank approves $200m loan…
Pakistan to soon receive $1.17b under agreement with IMF
Agreement has been inked to complete the 7th & 8th reviews of Pakistan’s Extended Fund Facility Pakistan to soon receive…
Pakistan paid $9.436 billion on account of debt servicing
These massive payments eroded the country’s foreign exchange reserves. Pakistan paid $9.436 billion on account of debt servicing. The government…
Euro hits 20-year low against dollar on recession risk
The euro also dived as investors eyed aggressive interest rate hikes LONDON: (FactFile Desk)- The European single currency sank Tuesday…
Turkish inflation hits two-decade high of 78.6%
Headline inflation driven by 123.4% jump in cost of transportation. ISTANBUL: Inflation in Turkey in June soared to an annual…
Pakistan’s exports to America expected to cross $8 billion
Pakistan’s year-on-year exports to the United States have increased by 23%. Pakistan’s exports to America expected to cross $8 billion….
Inflation reaches 6.34pc in June
Chicken became cheaper by 7.83, flour 3.76 & vegetables 3.54 per cent in June, the report stated. ISLAMABAD: Inflation, as…
Govt jacks up petrol price by Rs14.85 per litre
The new prices will be effective from July 1, 2022. ISLAMABAD: The federal government, once again, jacked up the price…
Miftah Ismail says Pakistan could get $2 billion from IMF
IMF Resident Representative to Pakistan said that discussions between the Fund & Pakistan. ISLAMABAD: Finance Minister Miftah Ismail has said…