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PIA passes IATA’s safety audit

Awaits Civil Aviation Authority’s audit by ICAO before resumption of flights to EU KARACHI: Pakistan International Airlines (PIA) has passed the IATA Operational Safety Audit (IOSA) for the resumption of flights to the European

IMF sees Rs1.7tr fiscal adjustment

Report highlights steps needed to control bulging public debt ISLAMABAD: The International Monetary Fund (IMF) has projected a steep fiscal adjustment of over Rs1.7 trillion in the next two fiscal years aimed at containing a highly

Govt approves Rs457b PIA restructuring plan

ECC sends package to federal cabinet for final endorsement ISLAMABAD: The federal government on Wednesday approved Rs457 billion worth restructuring plan for Pakistan International Airlines to make the national flag carrier

‘IMF plans to dampen economy’

World Bank report reveals unemployment, poverty have increased due to pandemic ISLAMABAD: Economic activity in Pakistan will remain dampened in the short term due to the revival of International Monetary Fund (IMF) loan programme while

US dollar falls below Rs154 against rupee

KARACHI: Pakistani rupee strengthened by 74 paisas against the United States (US) dollar at the start of today’s trading in the inter-bank currency market, reported COUNTRY News. According to foreign currency dealers, the local unit

Foreign inflows in securities surge

Investors pour money in T-bills and PIBs amid rising rate of profit, rupee stability KARACHI: Foreigners are once again seen gradually increasing investments in the government debt securities like T-bills and Pakistan Investment Bonds

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