Economy
China rolls over 2 billion safe deposits loan for Pakistan
ISLAMABAD – China okayed the rollover of $2 billion State Administration ofForeign Exchange (SAFE) deposits for one year. Federal Finance...
EconomyPakistan
Pakistan Stock Exchange witness negative trends over uncertainty on IMF deal
KARACHI – The Pakistan Stock Exchange (PSX) on Friday witnessed a negativetrend amid the uncertainty over the resumption of the...
Economy
SBP abolished cash margin requirement for imports on IMF directives
The State Bank of Pakistan has abolished the dollar cash margin requirementon imports from March 31, 2023.The SBP has issued...
EconomyPakistan
CDWP approved 6 mega projects worth Rs 21 billion
Minister for Planning, Development and Special Initiatives Professor AhsanIqbal Friday chaired a meeting of the Central Development Working Party(CDWP) that...
Economy
Federal government backtracks on promise of fuel subsidy to poor
In the wake of IMF statement that the Fund has not been consulted on thefuel subsidy announced by the government,...
Economy
International Airline allowed to launch commercial operations in Pakistan
Another Turkish airline, Sun Express Airline, has been given approval bythe authorities to launch its operation in Pakistan. According to...
Economy
Gold prices register massive fall in Pakistan
The price of gold further witnessed a drop in Pakistan after the prices ofyellow metal decreased in the international market...
Economy
Federal government borrowed 7.4 billion loan from multiple sources in 8 months of FY 23
The government has borrowed $7.407 billion from multiple financing sourcesduring the first eight months (July-February) of 2022-23 (FY23) compared to$12.178...
Economy
Yet another international motor company shuts down operation in Pakistan
A relentless economic crisis has ravaged the Pakistani car industry in thepast few months, stunting various operations including vehicle sales...