Flood-hit Pakistan should suspend debt repayments, says UN paper
Pakistan should suspend international debt repayments and restructure loans with creditors after recent floods added to the country’s financial crisis.
Pakistan faces high levels of food insecurity: World Bank
According to the World Bank report “Food Security Update”, flooding has exacerbated previously high levels of food insecurity in Pakistan.
PSX responds to the Fed interest rate hike
The Pakistan Stock Exchange fell for the fourth straight session this week as investors responded to the US Fed hiking the key interest rate.
Drop in Current account deficit by 19pc
The country's current account deficit shrank by 19% in the first two months of fiscal year (FY23) due to lower imports and higher exports.
Flood relief package from the international lender
The Asian Development Bank (ADB) said that it is working on a relief package for Pakistan, which is dealing with severe floods.
Country’s top fuel importer implements diversification strategy
PSO, the country's top fuel importer and retailer, plans to develop a $500 million LNG station as part of its diversification strategy.
Minor change in oil prices on anticipation of hike in Fed rate
Oil prices steadied on Tuesday on concerns that further US interest rate hikes this week to tame inflation will curb economic growth.
Pakistani Rupee plummeting into the abyss
On Tuesday, Pakistani rupee nosedived against the US dollar in the interbank market in the range of 238-239.
Shedding light on the cargo industry of Pakistan
According to the World Bank's recent statistics for 160 countries, Pakistan ranks 122nd in terms of Logistics Performance Indicators (LPI),
Pakistan won’t default despite catastrophic floods: Miftah
Pakistan will “absolutely not” default on debt obligations despite catastrophic floods, the finance minister said on Sunday,
Importing Russian oil- PDM govt following PTI’s recommendations
Pakistan can acquire oil from Russia on a deferred payment basis, following a meeting between Shehbaz Sharif and Putin.
Flour prices breaking the backs of citizens
According to PBS statistics, flour is being sold for Rs120/Kg in Quetta, with a spike of Rs480 per 20Kg in the last 15 days.