Feeble rupee, IMF and rising inflation
After some dilly-dallying, the government is going to the International Monetary Fund (IMF). It wants to borrow at least $7.5 billion under…
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Business
Global oil price volatility may add to trade deficit woes
KARACHI: One of the most daunting tasks for the government today is to reduce the external trade deficit. According to data released…
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New safety rules stir oil tanker owners
ISLAMABAD: The All Pakistan Oil Tanker Owners Association (APOTOA) on Friday announced to go on a countrywide strike against a recommendation of…
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Rupee recovers against greenback in interbank market
KARACHI: Following a steep increase in the greenback's price in the past week, the rupee made a recovery against the dollar in…
Read More Pakistan requests IMF for financial assistance
International Monetary Fund (IMF) chief Christine Lagarde on Thursday said Pakistan has formally requested for financial assistance. In a statement, Lagarde said…
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Auto industry likely to raise prices again due to rupee fall
KARACHI: The free fall of the rupee this year against the dollar will be affecting many industries and the auto industry will…
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Govt to seek IMF bailout programme
ISLAMABAD: Ending long drawn-out uncertainty, the government on Monday announced its decision to approach the International Monetary Fund (IMF) for balance-of-payments support…
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Water scarcity to hit Rabi crops next
THE severe water shortage cycle, which began early this year, continues: the country faced up to 50 per cent shortage early Kharif.…
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IMF calls for further increase in gas, power tariffs in Pakistan
An International Monetary Fund (IMF) team which visited Pakistan recently has called for a further hike in gas and power tariffs. The…
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America First is hurting China’s business
LONDON: The US economy has pulled ahead this year, extending a lengthy expansion with help from President Donald Trump’s “America First” agenda…
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