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IMF says it ‘did not ask Pakistan to renegotiate CPEC IPP…
The International Monetary Fund (IMF) has rejected reports that it has asked Pakistan to renegotiate deals inked with independent power producers (IPPs) for the China-Pakistan Economic Corridor (CPEC).
A statement was released on Wednesday…
Bitcoin sinks to fresh 18-month low as crypto meltdown deepens
LONDON/NEW YORK: Bitcoin slumped on Wednesday to a new 18-month low, dragging smaller tokens down with it and deepening a market meltdown sparked by crypto lender Celsius this week freezing customer withdrawals.
The world's largest…
Budget 2022-23 represents ‘significant improvement’ in several…
ISLAMABAD: Prime Minister Shehbaz Sharif says that the federal budget for next fiscal year 2022-23 represents a significant improvement in several ways.
In a tweet today (Sunday), he said it has provided more educational opportunities…
Coalition govt unveils Rs9.5tr ‘stabilising’ budget…
The Shehbaz Sharif-led coalition government is unveiling the “toughest” federal budget for the next fiscal year 2022-23 in the National Assembly with an outlay of Rs9.5 trillion amid strict conditions of the International Monetary Fund…
Finance Minister Miftah Ismail unveils Pakistan Economic Survey
BUSINESS REPORTER
ISLAMABAD: Finance Minister Miftah Ismail unveiled the Pakistan Economic Survey for Financial Year 2021-22 on Thursday as he underlined the need for “sustainable economic growth” in the upcoming financial year.…
World Bank approves $258m to support healthcare in Pakistan
SPECIAL REPORTER
ISLAMABAD: The World Bank has approved $258 million to strengthen primary health care systems and accelerate national efforts towards universal health coverage in Pakistan, a press release issued by the…
PayPal allows transfer of crypto to external wallets
News Desk
PayPal Holdings Inc said on Tuesday it will now allow users to transfer cryptocurrencies including bitcoin to external wallets, nearly two years after the fintech giant opened up its platform to digital currencies.
The…
With Rs9.5tr outlay, govt to rely on loans
Special Reporter
ISLAMABAD: The coalition government may unveil a nearly Rs9.5 trillion budget that has been prepared on a highly ambitious target of a mere 4% increase in expenses but one-fourth surge in revenues aimed at meeting a…
No imminent hike in fuel prices on the cards, Miftah dispels…
Special Reporter
ISLAMABAD: Finance Minister Miftah Ismail has rubbished reports that the government was increasing fuel prices today, saying that in the pre-budget seminar he did not even speak about the petroleum prices.
“Channels…
Rupee plummets to all time low of 204 against USD
Special Reporter
KARACHI:The Pakistani rupee on Tuesday made a historical drop of Rs4.00 in a single day and surpassed Rs204 against the US dollar for the first time ever in the inter-bank market.
It was available for sale at Rs204…