Pakistan has officially requested for financial assistance: Lagarde
Pakistan has gone to the IMF several times since the late 1980s. The most recent was in 2013 when Islamabad got a $6.6 billion loan to tackle a similar crisis
Veon withdraws offer for subsidiary’s stakes in Pakistan and Bangladesh
In July, Global Telecom Holding (GTH) had said it received an offer from VEON Ltd to purchase its assets in Jazz and associated operations in Pakistan for $2.55 billion
Pakistani rupee, the cheapest currency in South Asia: Report
The International Monetary Fund (IMF) has currently projected Pakistan’s current account deficit will contract from 5.9 percent of GDP in 2018 (the worst in emerging markets) to 5.3 percent of GDP in 2019 (again the worst in EM)
Alibaba vs Tencent in Pakistan?
The battle between China’s internet giants is about to come to Pakistan, and transform the country’s tech industry… but who will it be good for?
From rags to riches, chasing the Pakistani dream
The story of a man who took the world head on and is winning while coining a new phenomenon ‘the Pakistani dream’.
ADB announces $7.1bn financial package for Pakistan
-- Vice-president says the bank is re-engaging in education, health and social safety net through income support programme
ISLAMABAD: The Asian Development Bank (ADB)...
Pakistan confronted by difficult economic situation: IMF
IMF called for more exchange rate flexibility, monetary policy tightening, further fiscal adjustment linked to medium-term consolidation strategy and strengthening the performance of key public enterprises clubbed with further rises in power and gas tariffs
Pakistan demands advance payment for projects from KSA
The Arab country may invest in the oil city and Special Economic Zones (SEZs) of CPEC for which the Chinese government has no objection,
Saudi Arabia agrees to invest in new oil refinery in Pakistan’s Gwadar
Details of the refinery's costs and scope are to be worked out later, says minister
Fauji Foods appoints advisers for counseling on acquisition offer
In the end of July, Inner Mongolia Yili Industrial Group Co had submitted an investment intention letter to acquire a 51 percent stake in Fauji Foods
IMF recommends 15 percent rupee devaluation, rise in interest rate to address economic challenges
According to sources, the IMF felt the 8.5 percent interest rate was insufficient and should raise it to 11 percent to ward off inflationary pressure and reduce the current account deficit (CAD)
Govt reimposes restrictions on non-filers as NA approves amended finance bill
Non-filers will be unable to purchase vehicles, properties worth over Rs4m until they pay their returns
Rupee under pressure amid regional currency turmoil
Experts say currency is likely to remain under depreciatory pressures with weaker external finances
Pakistan seeks to build oil refinery near Gwadar port: minister
Local media have reported that Islamabad is hoping for a deferred-payment deal for Saudi oil to help shore up foreign reserves and possibly even a bridge loan of around $2 billion
HNL contemplating right shares issue of Rs140 million for Hum Mart
In late February, HNL had announced the incorporation of HM as its wholly-owned subsidiary and enter the online grocery business in Pakistan