Aversion from “default-like situation” in Pakistan- finance minister

Finance Minister Miftah Ismail during his interview to CNBC clearly stated that there were serious worries about Pakistan heading Sri Lanka’s way and getting...

Intra-day update: PKR continues to strengthen against the USD

The Pakistani Rupee is on the path of improvement as it continued to strengthen against the US Dollar due to improved market outlook, touching...

Two Shariah compliant savings schemes introduced, SISA and SITA

The Central Directorate of National Savings Organization has introduced Sarwa Islamic Savings Account (SISA) and Sarwa Islamic Term Account (SITA), two Shariah-compliant schemes. In order...

National economy departs towards ‘stability’

Pakistan’s economic situation has been no less than a rollercoaster ride with a number of serious challenges arising in last couple of months. On...

First Ever Career Fest in Gilgit-Baltistan

The Government of Gilgit-Baltistan is organizing the first ever Career Fest in GB

Dasu hydropower project delayed for 3 years

The country's most vital project, the Dasu hydropower project's stage -1 with the ability to generate 2160 MW hydel electricity, has been delayed by...

“You don’t wait till the crisis hits you,” learning from Gordon Brown

The British government came under pressure to set out plans immediately to support families through a mounting cost of living crisis.

We are not close to recession mode: Governor SBP

State Bank of Pakistan (SBP) Acting Governor Dr Murtaza Syed cautioned during an interview with The News, “we are not close to recession mode but...

Relief to importers- are the import issues resolved?

In an attempt to restrict the outflow of dollars and conservation of depleting foreign exchange reserves, State Bank of Pakistan (SBP) imposed certain restrictions...

UAE to invest $1 billion: bringing colors to the fading economy

Despite of persistent economic and political uncertainty in the country to the extent that Pakistan might default, the United Arab Emirates (UAE) is planning...

IMF programme followed by $1.5 billion disbursement from the ADB

Once the IMF’s Extended Fund Facility (EFF) programme restores, it is learnt that the The Asian Development Bank (ADB) would disburse over $1.5 billion to Pakistan

Pakistani companies going to receive $1 billion investment

An American private foundation Bill and Melinda Gates recently invested 11 million in a Pakistani startup which is expected to be followed by the...