Business
Chinese inflows to stabilise rupee next week
KARACHI: After the IMF funding not confirmed, the currency will remain stable due to fresh Chinese inflows. The local unit...
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Plan B: Pakistan seeks $3-4bn from friendly nations
ISLAMABAD: The much-hyped Plan B requires Pakistan to ask its bilateral partners for $3 billion in additional deposits if the...
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Moody’s: Pakistan’s external finance prospects are ‘very uncertain’
KARACHI: Moody's Investors Service has cautioned that Pakistan's capacity to get bilateral and multilateral loans will be severely hampered until...
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Economic growth worries after 10 months of LSM shrinkage
ISLAMABAD: The Pakistan Bureau of Statistics (PBS) reported a 21.07% drop in large-scale manufacturing (LSM) in April, the ninth consecutive...
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SBP reserves rise, but situation remains serious
Karachi: Pakistan's State Bank of Pakistan (SBP) foreign exchange reserves increased by over $100 million amid a liquidity crisis. For...
Read moreMoody’s: Pakistan’s IMF rescue chances are “dimming.”
Webdesk: Moody's Investors Service has warned that Pakistan is more likely to fail to restart its $6.7 billion bailout program....
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PM going to Baku
Islamabad: Prime Minister Shehbaz Sharif is going to Azerbaijan today (Wednesday) to secure spot LNG delivery from Baku. He is...
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Congressman urges Biden administration to help Pakistan get IMF loan
Webdesk: US Congressman Al Green encouraged the Joe Biden-led government to "provide aid" to Pakistan through the IMF. As well...
Read moreNon-bilateral debt restructuring: SBP governor
KARACHI: Jameel Ahmad said that Pakistan not exploring a bilateral debt restructure as Finance Minister Ishaq Dar had suggested. No...
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PM: No obstacles remain in reaching a settlement with IMF
Lahore: Shehbaz Sharif reiterated that Pakistan met "all" of the IMF preconditions to revive its stalled bailout program. He added...
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