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Public debt soars by Rs18 trillion
ISLAMABAD:
The outgoing government added over Rs18 trillion to the public debt during its three-and-a-half-year stint, which was more than the liabilities accumulated by any government in 75 years, reveals a central bank statement.
As a…
Employment boom in last 3 years
ISLAMABAD: Pakistan’s economy created 5.5 million jobs during the past three years –on an average 1.84 million jobs a year, which is far higher than yearly average of creation of new jobs during the 2008-18 decade, reveals findings of…
Moody’s terms no-confidence motion credit negative
KARACHI:
Moody’s Investor Service has termed the no-confidence motion against Prime Minister Imran Khan credit negative and expressed concern that it could act as a hurdle in the way of a smooth reform process in Pakistan.
“We view…
What will be the bank timings in Ramadan?
KARACHI: The State Bank of Pakistan (SBP) announced on Friday updated timings for the banking sector for the holy month of Ramadan.
According to a notification issued by the SBP, the time has been updated for both public dealing and…
Moody’s is concerned about Pakistan’s economy
Moody's says no-confidence motion raises significant uncertainty over Pakistan govt’s capacity to commit to implementing reforms.
Agency expresses concern that no-trust motion could be a hurdle in way of smooth reform process in Pakistan.…
Chinese home appliances brand enters Pakistan
KARACHI:
Pakistan has introduced one more Chinese brand in the home appliances category, as a local company which is engaged in assembling and marketing brands of the neighbouring country, has expanded its assembly line with two new…
Pakistan, IMF to begin talks today
ISLAMABAD: Pakistan and the International Monetary Fund (IMF) will begin talks today (Friday) for the next $960 million loan tranche and have set the first session for discussion on the new budget and impact of deviation from prudent…
Inflation in Pakistan slows to 12.2% in February
Inflation remains in double-digits amid an increase in prices of essential kitchen items, fuel and electricity.Majority of the prices increased due to an increase in commodity prices in the international market.February's inflation number…
Pakistan to review textile sector energy rates annually: Razak…
Move is a part of the Pakistan's latest textile policy."One of the main objectives is to give our textile industry internationally competitive electricity and gas rates," Dawood says.PM aide says every year, the government will determine…
Bank deposits fall Rs1 trillion in January 2022
Deposits hit all-time high of Rs20.97 trillion in prior month
KARACHI: As the race among financial institutions for accumulating deposits before the close of year comes to an end, the deposits in banks showed a drop of Rs1 trillion…