Category: Business
IMF giving Pakistan tough time in ‘unimaginable’ economic crisis: PM
Pakistan Prime Minister Shehbaz Sharif said on Feb 3 the International Monetary Fund is giving his country a tough time over unlocking stalled funding from a $6.5...
Young professionals flee crisis-hit Pakistan in search of jobs
Story by Reuters Tahir took a leap of faith when he left Pakistan four months ago in search of a better and more prosperous future in Canada. Even with no job lined up,...
Pakistani rupee to weaken further, warns noted agency
The Pakistani rupee is expected to weaken further, particularly with Pakistan’s balance of payments positions likely to remain weak for several more months, Fitch...
Pakistan’s construction sector in trouble as steel price hits new peak
Manufacturers on Jan 28 again jacked up steel bar prices to an unprecedented high of Rs277,000 per tonne blaming a massive rupee devaluation and rising prices of raw...
Short-term inflation spikes to 31.83pc in Pakistan
Weekly inflation, measured by Sensitive Price Index (SPI), posted an increase of 31.83 per cent for the combined income group on a year-on-year basis ending Jan 19 due...
World Bank delays $1 billion loan for Pakistan until next fiscal year
The World Bank has halted the release of two loans worth $1.1 billion to Pakistan until the next fiscal year 2-23-24, it emerged on Jan 18. Reports said the...
Economic slowdown will force workers into worse jobs: UN
A global economic slowdown will force more workers into accepting lower quality, poorly paid jobs in 2023, while inflation gobbles up real term wages, the United Nations...
China’s 2022 growth seen as its lowest in 40 years
China’s economic growth for 2022 is expected to have been among its weakest in four decades after the twin crises of the pandemic and property woes, analysts said...
Pakistan okays opening of first ‘full-fledged’ digital banks
The State Bank of Pakistan (SBP) has granted permission to five entities to establish full-fledged digital banks for first time in history of the country. The central,...
Revealed: The conditions behind $10 billion pledges Pakistan got at Geneva
A top government official revealed the nearly $10 billion pledges made by the international community at a donors’ conference at the Geneva moot for rehabilitation of...