Category: Business
Dollar will fall below 200 in Pakistan, confident Dar claims
Finance Minister Ishaq Dar on Oct 3 accused PTI Chairman Imran Khan of destroying the economy and assured the masses that he would bring the dollar value below 200 with...
Pakistan rupee to grow stronger in coming days, says finance minister
Federal Finance Minister Ishaq Dar has predicted that the rupee is going to further strengthen in coming days. “Appreciation of the US dollar against Pak rupee is the...
Pakistan wants China to roll over $2bn deposits due next year
Finance Minister Ishaq Dar has sought the support of the Chinese ambassador for securing the rollover of State Administration of Foreign Exchange (SAFE) deposits of $2...
Pakistan minister says ‘no talk held with China on debt swap’
Foreign Minister Bilawal Bhutto-Zardari said on Sep 29 that Islamabad had so far not requested a restructuring, deferment or swap of debt owed to China in the wake of...
Pakistan dollar bonds slump after new finance minister vows to bring down interest rates
Pakistan’s sovereign dollar-denominated bonds fell as much as 8 cents to hit fresh record lows after new finance minister Ishaq Dar on Sep 28 vowed to bring down...
Will Ishaq Dar be able to do his ‘magic’ again to fix ailing Pakistan’s economy?
Story by Reuters Ishaq Dar, Pakistan’s new finance minister, has strongly favoured intervention in currency markets in three previous stints in the job, but faces...
Bitcoin mining struggles to go green, research shows
Bitcoin is struggling to go green, with the cryptocurrency making only slim gains in its usage of sustainable energy in the year to January, research by Cambridge...
Fears over Pakistan default grow louder on report of UN debt suspension advice
Pakistan’s bonds slumped to just half their face value on Sep 23, after the Financial Times said a United Nations development agency was urging the cash-strapped...
Pakistan minister expects economy to grow more than 3.5pc this year
Pakistan Finance Minister Miftah Ismail expects the economy to grow more than 3.5 percent for the fiscal year that started in July, Bloomberg News reported on Sep 4....
Pakistan owes more debt to China than to IMF, World Bank: report
Pakistan owes 30% of its foreign debt to China, the latest report from the International Monetary Fund (IMF) said, which includes state-owned commercial banks....