Business

Stocks sink for third day, index loses 585 points

Stocks sink for third day, index loses 585 points

KARACHI: Bears dominated the Pakistan Stock Exchange for the third straight day on Wednesday amid the upcoming announcement of a…
Reforms offset Pakistan’s surging external risks, says Fitch Ratings

Reforms offset Pakistan’s surging external risks, says Fitch Ratings

ISLAMABAD: Fitch Ratings says that Pakistan’s recent policy adjustments and demonstrated access to external financing, as well as its commitment…
Tarin says reports of govt’s talks with IMF having failed ‘totally wrong’

Tarin says reports of govt’s talks with IMF having failed ‘totally wrong’

Adviser to Prime Minister on Finance and Revenue Shaukat Tarin has denied that talks between Pakistan and the International Monetary…
IMF assured of Pakistan’s commitment to programme

IMF assured of Pakistan’s commitment to programme

ISLAMABAD: Finance Minister Shaukat Tarin on Monday assured the International Monetary Fund (IMF) of Pakistan’s commitment to its ongoing Extended…
Sindh govt plans Karachi property survey

Sindh govt plans Karachi property survey

KARACHI: While it collects property tax from six major cities of Sindh, the provincial government on Tuesday decided to conduct…
RDA inflows reach $2.114bn

RDA inflows reach $2.114bn

KARACHI: The foreign exchange inflows through Roshan Digital Account (RDA) reached $2.114 billion at the end of August. The State…
Govt set to increase power tariff from October

Govt set to increase power tariff from October

ISLAMABAD: The government on Tuesday appeared set to increase the electricity tariff it had put on hold in April as…
Tarin dubs energy sector ‘Achilles heel’, says will take at least 5-7 years to fix issues

Tarin dubs energy sector ‘Achilles heel’, says will take at least 5-7 years to fix issues

Finance Minister Shaukat Tarin said on Friday that he believed the energy sector to be the government’s “Achilles heel”, and…
Pakistan to get $2.77 billion from IMF on August 23

Pakistan to get $2.77 billion from IMF on August 23

Federal Minister for Finance and Revenue Shukat Tarin has said that Pakistan will get $2.77 billion on August 23 from…
Economy entering sustainable growth phase: SBP chief

Economy entering sustainable growth phase: SBP chief

KARACHI: The country has succeeded in entering a sustainable economic growth phase after attaining stability and will keep moving forward…
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