Austerity measures: PM Shehbaz decides to abolish key ministries

Kashmir Affairs, Saffron, Industries, Health and IT are among them

Shahid Khaqan Abbasi demands abolition of NAB

NAB was created to make political cases: former PM

India likely to keep economic growth momentum in FY25 despite risks

India likely to keep economic growth momentum in FY25 despite risks

Dollar dips against yen, claws back losses against euro

Dollar dips against yen, claws back losses against euro

Ethiopia becomes Africa's latest sovereign default

Ethiopia becomes Africa's latest sovereign default

Ukraine's Russian-occupied Zaporizhzhia nuclear plant suffered power outage

Ukraine's Russian-occupied Zaporizhzhia nuclear plant suffered power outage

Government working to tackle economic challenges with agricultural sector on priority: Finmin

Inflation remains problem, efforts are underway to bring it under control: Dr Shamshad Akhtar

No mercy for anti-state actors disrupting economy, says army top brass

No mercy for anti-state actors disrupting economy, says army top brass

India set to ban sugar exports for first time in 7 years

India set to ban sugar exports for first time in 7 years

Monetary policy to be announced tomorrow

Monetary policy to be announced on 31st

Argentina peso to weaken as part of anticipated IMF deal

Argentina peso to weaken as part of anticipated IMF deal

Indonesia launches new crypto bourse, clearing house

Indonesia launches new crypto bourse, clearing house

State Bank's forex reserves soars post IMF deal

SBP owned reserves rose by $4.2bn

Dar orders to expedite airports outsourcing operations

The meeting discussed the issues to be resolved to expedite the outsourcing

Nepra surprises consumers with alarming Rs4.96 hike in base tariff

Nepra fixed the national average tariff at Rs29.78 per unit for 2023-24

Increase in car, motorcycle transfer fee anguish automobile industry

The rate of withholding tax will now be determined according to the vehicle's value

PM Shehbaz optimistic about IMF programme's approval by July 12

The nine-month SBA will provide $3 billion, equivalent to 111% of Pakistan's IMF quota

Pakistan's domestic debt soars by Rs8tr within a year

The dollar started to rise again in the interbank market after continuous decline for two days

US banks push back as regulators prepare international capital hikes

US banks push back as regulators prepare international capital hikes

Economic Coordination Council session to be held today

Federal finance minister Ishaq Dar will preside over the session

Haiti made 'significant progress' on governance issues, says IMF

Haiti made 'significant progress' on governance issues, says IMF

Ukraine dam destruction: villagers face water crisis, see 'only tears'

Ukraine dam destruction: villagers face water crisis, see 'only tears'

No respite for the multitude in budget

No respite for the multitude in budget (Image: INP)

Sri Lanka lifts import limits on 286 items

Sri Lanka lifts import limits on 286 items

Shehbaz govt unveils Economic Survey 2022-23 today

Federal Minister for Finance Ishaq Dar will chair the launching ceremony of Economic survey 2022-23

African economies debt outlook remains "cloudy" - World Bank economist

African economies debt outlook remains "cloudy" - World Bank economist

SBP forex reserve plunge by $119m

The government’s reserves have decreased to the level of $4.193bn

IMF's Georgieva confident US will not default on debt

IMF's Georgieva confident US will not default on debt

Miftah sees IMF deal inevitable to avert default

The ex-FinMin doubts that the government would be able to present a pro-poor budget

Remittance income plunge 12pc in first ten months of current fiscal year

The expatriates sent $2.666bn remittance during Jul-Apr23, compared to $3.029bn in subsequent tenure

Federal budget in doldrums amid political turmoil

The government is facing severe financial difficulties due to the unsettled agreement with the IMF

World Bank declares Pakistan's state-owned enterprises worst

The government guarantees considered as loans for SOEs have doubled since 2016

All-time high interest rates worries business community

The interest rate in Pakistan has reached the highest level of 21%

Details of agreement with IMF to be made public: Ishaq Dar

Details of agreement with IMF to be made public, says Ishaq Dar

Imran Khan's evasion of courts amounts to height of cowardice: PM

Imran Khan’s evasion of courts amounts to height of cowardice, says PM Shehbaz

Pakistan's foreign reserves rise to $ 9.754b

Pakistan's foreign reserves rise to $ 9.754b

Imran Khan has no right to question govt's economic policies: Marriyum

Imran Khan has no right to question govt’s economic policies, says Marriyum

Default rumours completely false, IMF agreement likely next week: Dar

Default rumours completely false, IMF agreement likely next week, says Ishaq Dar

Govt envisages cut in defence budget amid economic woes

Govt to cut down defence budget amid economic crisis

SBP reserves swell to $4bn after $700m injection by China

SBP reserves swell to $4bn after $700m injection by China

Get ready for spiralling inflation, Imran Khan tells the masses

Get ready for spiraling inflation, PTI chairman Imran Khan tells masses

Won't delay approval of Finance Bill, President assures Dar

Finance Minister Ishaq Dar called on President Arif Alvi.

'Mini budget': NA session summoned today as president refuses to approve ordinance

The finance bill will be presented in the national assembly

Govt kotows to another IMF demand

Govt kotows to another IMF demand

Pakistan in danger from internal, not external threats

Maryam says time required to right the wrongs of past four years

FBR notifies asset details declaration rules for public servants

FBR notifies asset details declaration rules for public servants

Revival of economy possible only through Islamic banking: Dar

Mr Dar said Islamic banking is flourishing in the country.

'Liar' and 'foreign agent' acting as innocent, Marriyum bashes Imran

'Liar' and 'foreign agent' acting as innocent, Marriyum bashes Imran

Dar declares Imran Khan responsible for economic crisis

Dar declares Imran Khan responsible for economic crisis

Zardari concocting 'Plan C' to assassinate me, alleges Imran Khan

The PTI chairman takes a dig at govt over worsening economic crisis

Allies agree to jointly defend govt's measures to put economy back on track

Allies agree to jointly defend govt's measures to put economy back on track

Country should be saved from Ishaq Dar's policies: Hammad Azhar

Country should be saved from Ishaq Dar’s policies, says Hammad Azhar

Pakistan's situation worsening with every passing day: Asad Umar

Asad Umar claimed that growth rate in 15 sectors of large scale manufacturing was negative.

Household wealth optimism collapses, global survey shows

Economic pessimism greatest in major countries, Low-income families more skeptical of institutions

Pakistan's economy grinding to a halt as dollars dry up

A shortage of crucial dollars has left banks refusing to issue new letters of credit

Loans not a solution to economic woes: PM Shehbaz

Different governments in history of Pakistan could not address the economic issues: PM

Dar lauds UAE support for Pakistan's economy

Dar lauds UAE support for Pakistan’s economy

World economic system unable to help poor countries, says Bilawal

FM Bilawal says existing world economic system unable to help poor countries

Talks afoot, IMF programme not suspended: Pasha

Talks afoot, IMF programme not suspended, says Aisha Ghaus Pasha

PM directs authorities to control fiscal, current account deficit

PM directs authorities to control fiscal, current account deficit

Pakistan's default narrative part of campaign: Ishaq Dar

Pakistan’s default narrative part of campaign, says Ishaq Dar

No plan to impose economic emergency: Aisha Ghaus Pasha

No plan to impose economic emergency, says Aisha Ghaus Pasha

Pakistan has no fear of default: Ayesha Ghaus

Pakistan has no fear of default, says Ayesha Ghaus Pasha.

ADB assures Pakistan to approve $1.5bln for BRACE

Finance Minister thanked the President ADB for support provided over the years.

Pakistan to seek rescheduling of $27b bilateral debt: Ishaq Dar

Dar ruled out the possibility of a default on Pakistan's debt.

How worried should we be about Pakistan's economy?

How worried should we be about Pakistan's economy?

Miftah saved Pakistan from default: PM Shehbaz

PM lauds his team's efforts on successful SCO, UNGA visits.

Dar blames PTI for country's 'worst' crisis, vows economic revival

Federal Minister Ishaq Dar vows to revive economy

Dar all set to take oath as Senator, assume charge of Finance Ministry

Nominated Finance Minister reached Pakistan on Monday.

Rupee makes sharp recovery against dollar

The local currency appreciated by Rs3.02 against the greenback.

Rupee makes sharp recovery against dollar as Dar returns

The local currency appreciated by Rs2.63 against the greenback.

Ishaq Dar to take oath as Finance Minister next week

Ishaq Dar could return to Islamabad with Shehbaz Sharif.

Pakistan economy to slow in FY 2023 amid strong climate headwinds: ADB

Pakistan's economy is forecast to slow to 3.5% in fiscal year (FY) 2023.

Country's economy heading towards right direction: Miftah

The Finance Minister said that imports of auto parts will be made easier.

IMF board approves $1.1 bln tranche for Pakistan

The IMF agreed to extend the programmer by a year.

IMF condition: Govt to make asset details of bureaucrats, lawmakers public

Pakistan has sent back the signed letter of intent (LoI) to the International Monetary Fund (IMF).

Pakistan assures IMF of gradually increasing petroleum levy to Rs50

Federal government will impose a levy of Rs10 on petrol and Rs5 on diesel from September 1: sources

Govt focusing on enhancing exports: Finance Minister

Bolstering exports and agriculture will also benefit the poor segments of the society: FM

Saudi Arabia agrees to rollover $3bn deposits in Pakistan

Saudi Arabia has extended support multiple times to Pakistan.

Govt plans mini-budget to meet IMF conditions

Government plans amendment in Finance Bill through an ordinance.

EXPLAINER: How do we know when a recession has begun?

Whether the U.S. economy is heading for a recession got more difficult to answer Friday.

Govt took tough decisions to bring economy on right track: Miftah

Import of only export supporting items can be considered to be allowed: FM

Transporters observe nationwide strike over increase in taxes, tolls

Masses are facing difficulties at bus terminals across the country including Punjab.

FBR collect net revenue of Rs 458 billion during July 2022

This represents a growth of about 10 %.

Miftah announces tax relief for shop-owners consuming less than 150 units

Rupee to see improvement 'in next two weeks', Miftah Ismail says

Everyone has to save country together: Sheikh Rashid

Sheikh Rashid said the country is going through worst economic and political crisis.

Default averted, now govt priority is to keep country on path of stability: Miftah

Policies will be instituted to bring inclusive and sustainable growth: Finance Minister

Fitch, Moody's expect Pakistan to get $1.2 billion from IMF

Fitch Ratings downgraded the outlook on Pakistan's credit rating to negative last week.

Country passing through phase of economic restoration: Ahsan

Ahsan Iqbal said the PML-N government put the Punjab province on the track of sustainable progress

PM convenes emergency meeting on economic situation

The meeting will be attended by the economic team and top officials related to the economy.

Rupee dip against dollar due to political situation: Finance Minister

Trade fundamentals corrected as result of measures taken by Govt over last few months: Miftah

Miftah vows to keep imports, Current Account Deficit under control

Finance Minister vows to keep imports, Current Account Deficit under control.

Fitch revises Pakistan's outlook to negative

Fitch sees considerable risks to its implementation of IMF program.

Coalition govt saved Pakistan from bankruptcy: Finance Minister

'PTI borrowed 20,000 billion but did not add a single megawatt of electricity to the national grid'

Pakistan to soon receive $1.17b under agreement with IMF

Agreement has been inked to complete the 7th and 8th reviews of Pakistan's Extended Fund Facility

IMF agrees to resume Pakistan loan after fuel, tax hikes

An original $6 billion bailout package was signed by former prime minister Imran Khan in 2019

Economic future bleak under the rule of 'professional thieves': Imran Khan

Imran said transparent elections are the need of the hour to protect Pakistan from further harm.

Pakistan receives MEFP from IMF for combined 7th, 8th reviews: Miftah

MEFP is a prerequisite for paving the way for moving towards striking a staff-level agreement.

Economy on ventilator, political system in ICU: Sheikh Rashid

The real budget is yet to be presented, which will worsen the conditions: Sheikh Rashid

Imported government destroyed the economy: Farrukh Habib

Farrukh said that the current government has destroyed the economy of Pakistan.

Govt took difficult decisions to save country from default: Sherry

PTI has no respect for democracy and is pursuing the politics of dividing the society: Sherry

Shaukat Tarin claims govt will hike petrol, electricity price from July 1

IMF had refused to release the loan tranche before budget: Shaukat Tarin

Punjab govt mulls proposal to close markets by 9pm

President Lahore Chamber has also announced to support the government move.

Commerce ministry proposes to import wheat from Russia in exchange for potatoes

Commerce ministry proposes to import wheat from Russia in exchange for potatoes

Govt increases petrol price by Rs24.03 per litre

Govt increases petrol price by Rs24.03 per litre

Economic stability not possible without political stability: PM Shehbaz

Economic stability not possible without political stability

Govt took difficult decisions and will continue to do so, says Miftah Ismail

Govt took difficult decisions and will continue to do so, says Miftah Ismail

Imran Khan jeopardising Pakistan's attempts to fix its economy: The Economist

Imran Khan jeopardising Pakistan's attempts to fix its economy

Skyrocketing global fuel prices prompted govt to raise oil, gas prices: PM Shehbaz

Skyrocketing global fuel prices prompted govt to raise oil, gas prices: PM Shehbaz

IMF to release $900 million when Pakistan removes fuel price caps

IMF to release $900 million when Pakistan removes fuel price caps

Interviews for caretaker Prime Minister being held: Rashid

He said that big decisions will be made by May 31.

Pakistan and IMF to meet over release of funds

Officials are seeking an extension to the programme through to June 2023.

Country cannot be run by Twitter and tales: Shahid Khaqan

Abbasi said that we are taking decisions for the betterment of Pakistan.

PM invites allies' leadership for dinner to discuss economic situation

Government members will deliberate on different options to steer the country out of crisis.

Imran Khan says warned about economic tailspin in case of ouster

Imran Khan says warned about economic tailspin in case of ouster

Govt wants to retrieve economy, hold elections in next phase: Asif

The minister said that he is a political workers and does not believe in arrest of opponents.

Miftah created ambiguity regarding petrol and diesel prices: Hammad Azhar

Miftah created ambiguity regarding petrol and diesel prices

Pakistan, UAE agree to strengthen bilateral economic cooperation

Pakistan, UAE agree to strengthen bilateral economic cooperation

Fiscal deficit widens to 4% of GDP in 9 Months of FY22

The overall budget deficit stood at 3.6 percent of GDP in the same period of the last financial year

Pakistan's current account deficit reaches $1bn in March

The current account balance is a key figure for Pakistan's economy.

Imran Khan govt added Rs 20,000bn to country's debt, claims Miftah Ismail

Imran Khan govt added Rs 20,000bn to country’s debt, claims Miftah Ismail

South Asia Economic Focus: Effects of pandemic, Russia-Ukraine war

Growth in South Asia, already uneven and fragile, will be slower than previously projected

Pakistan records GDP growth rate of 5.5pc: Hammad Azhar

Hammad Azhar said Pakistan tackled the heinous impacts of coronavirus very smartly.

Govt plans to borrow $5bln from China, Russia, Kazakhstan: sources

Loan received from Kazakhstan and Russia will be spent on ML-1 project: sources

Tarin says economy moving in right direction despite challenges

Increase in IT exports provided stability to economy: Finance Minister

Revised GDP growth of 5.37pc second best in last 14 years: Tarin

The next ten years will help reduce income disparity: Tarin

Country's economy witnessing strong growth: PM

He hoped that businesses and employers will share these gains with their workforce.

'Expected growth of over 4pc despite challenges a huge achievement'

Government's three years are an economic success story: PM Imran

Economy moving in positive direction, inflation will decline: Shaukat Tarin

Shaukat Tarin said the country’s economy is growing stronger

Pakistan, IMF deadlock over rupee devaluation, tax exemption persists

The IMF demanded Pakistani authorities to take immediate action to do more to devalue the green back

PM Imran chairs meeting over inflation, economic situation

Ministers will also be directed to work alongside local administration.

Govt changed country's economic direction: Fawad

There is price hike today because of rising prices of commodities in the international market: Fawad

PM Imran Khan revives country's sinking economy: Gill

"$20bn current account deficit was great achievement for those who wanted to escape."

IMF revises Pakistan's real GDP growth to 3.9%

The global economy is projected to grow 6.0 percent in 2021: IMF

Sustainable economic growth major challenge: Razak Dawood

The advisor pointed out that our economy was moving in the right direction

Finance Minister presents Economic Survey, credits govt polices for economic stability

Government needs to work on economic growth instead of stabilization: Finance Minister

Public will not be fooled by false claims of economic progress: Bilawal

We have to get rid of experiments like Imran Khan: PPP Chairman

Only PPP's economic policies can take country forward: Bilawal

PPP has always lived up to its promise of providing of basic necessities of public: Bilawal

Govt will show how poverty is eradicated: Shaukat Tarin

He said PML-N govt artificially maintained the value of Rupee against Dollar during its tenure.

Current economic situation result of PML-N's bad policies: Tarin

The finance minister expressed the hope to achieve a target of revenue collection up to Rs 4700bn

Foreign remittances reaches $29.1bn, exhibiting 34pc increase: Shahbaz Gill

He said GDP has registered 3.94 percent growth during current financial year

PM unaware of country's economic situation: Shahid Khaqan

No alliance can function with lack of trust: Shahid Khaqan

Pakistan's economy has potential to grow at an annual rate of 4pc: Moody's

The report said there is a possibility of higher growth rates in the future

Trade with India without resolving Kashmir issue would be treachery: PM Imran

He said the country was badly in debt when PTI came to power

Shaukat Tarin vows to put country on path sustainable growth

The Finance Minister said the tax rates will not be increased

Economy back on growth path as predicted two years back: Asad Umar

Clear policy of government of Imran Khan to put the economy on sustainable growth path: Asad

Reason for inflation is not interest rate but supply issues: Reza Baqir

The SBP governor said that the monetary policy is fully supporting the economic growth

Govt sets growth target of 4.8 percent for next fiscal year

He said the government is ensuring quality and sustained growth.

Imran Khan trying to cover up economic disaster with lies: Bilawal

PTI elites are robbing the country with both hands: PPP Chairman

Govt focusing revenue collections to achieve sustainable growth: Tarin

If the pace continues five percent economic growth is expected next year: Tarin

PM attributes 3.94% GDP growth estimate to success of govt policies

PM attributes estimated 3.94% GDP growth to success of govt policies

Pandemic dealt serious damage to economy, public must be given relief: Finance Minister

Pandemic dealt serious damage to economy, public must be given relief: Finance Minister

'Tough' IMF program will have political consequences: Finance Minister

FBR did a good job but some cases of harassment were also reported: Shaukat Tarin

Third wave of Covid-19 poses challenge to growing economy of Pakistan

The country recently launched triple-tranch Euro bonds raising UD$ 2.5 billion

Economy showing signs of recovery amid Coronavirus pandemic

The minister said suggestions presented during the meeting would be accorded due considerations.

PM directs utilizing out of the box solutions to provide relief to masses

PM directs utilizing out of box solutions to provide relief to masses

Tarin reiterates commitment to achieve macroeconomic stability

He said the World Bank had always been a source of support in pursuing reform agenda

PM expresses confidence on abilities of Finance Minister Shaukat Tarin

Tarin said only solution to economic problems is to bring GDP growth to at least 6 to 7 percent.

Pakistan to hike power tariff by Rs 3.34: IMF

The IMF has projected Pakistan’s fiscal adjustment at a staggering Rs 1.7 trillion

Economy in much better condition than in 2018: Hammad Azhar

The foreign exchange reserves had almost finished and the existing around US $7 to US $8 billion

IMF mulls additional financial support to partner countries

The discussion at the meeting focused on the impact of the pandemic on the economies of the region

Salaried persons facing difficulties in making ends meet: Sheikh Rashid

Imran Khan did unprecedented work to uplift the economy: Sheikh Rashid

Pakistan's external debt and liabilities reach $115.7 billion

The public external debt rose 3.3 percent

Govt aims to improve economy, put country on strong footing: Hafeez

We are working to live up to the expectations of the people: Hafeez

Pakistan plans to seek debt relief from China on power projects: Bloomberg

Deferment in payments will help government to reduce its fiscal deficit.

New IPPs agreement will help save Rs 800 billion: Dr Hafeez Shaikh

New IPPs agreement will help save Rs 800 billion: Dr Hafeez Shaikh

Budget deficit widens up to 2.5pc of GDP in first half of fiscal year

Provinces showed a surplus of Rs 255 billion in first six months of FY.

COVID-19 savages U.S. economy, 2020 performance worst in 74 years

The U.S. economy contracted in 2020 at its deepest pace since World War Two.

Govt inherited inflation, precarious economic crisis: Hafeez Sheikh

The ratio of country’s exports had become almost zero

Indicators show economy witnessing significant growth

Monthly inflation based on the CPI, decelerated to 8 percent on year-on-year (YoY) basis in Dec 2020

Govt increases petrol price by Rs3.20

The new prices are to be effective for the next 15 days.

Exports of home textiles increases by 16pc to $2,017 million: Razak

The adviser said that the non-textile sector exports are also showing healthy growth.

Coronavirus affected 20 million livelihoods: Asad Umar

Pakistan adopted policy of smart lockdown: Asad Umar

Exports reach historic high in Dec 2020: Razak Dawood

The Adviser said this was the highest export ever in the previous month of December 2020.

Sialkot, Faisalabad facing labor shortage due to increased industrial activity: Hafeez Sheikh

Sialkot, Faisalabad facing labor shortage due to increased industrial activity: Hafeez Sheikh

Pakistan posts current account surplus of $447mln in Nov: PM Imran

For current fiscal year so far, surplus stands at $1.6 billion: Imran Khan

PM Imran calls for promoting SMEs to improve economic indicators

SMEs are an important component of economy: PM Imran

Large-scale manufacturing grows by 5.46% in Jul-Oct

Growth in October was at 6.66 percent

Economic indicators on positive trajectory despite challenges: Shibli Faraz

Government is working to provide every possible facility to public: Shibli Faraz

ADB's report on recovery of Pakistan's economy highly encouraging: Khusro Bakhtyar

ADB has also revised growth projections for South Asia from -6.8% to -6.1% for the year 2020.

PM congratulates economic team for bringing down sugar prices

Sugar is being sold at a national average of 81 rupees per kilogram: PM Imran Khan

Prudent policies led to positive economic growth in Q1

The remittances grew by 26.5% while foreign direct investment (FDI) increased by 9.1%

Pakistan registers $382 mn current account surplus in Oct: Asad Umar

Pakistan registers current account surplus for fourth straight month.

Economy on positive trajectory regardless of COVID-19: Hafeez Shaikh

Package to the construction industry has accelerated economic activities: Finance Advisor

Economy heading in right direction: Shahbaz Gill

Situation is improving due to untiring efforts of economic team: Shahbaz Gill

PML-N responsible for economic bankruptcy of Pakistan: Shahbaz Gill

Exports increased by 29 percent last month: Shahbaz Gill

Money launderers ruined country's economy: PM Imran

Those who looted nation's wealth are now trying to get NRO: PM Imran

Pakistan's Current Account Balance turns surplus for second consecutive month

The CAB surplus amounted to $508 million and $297 million during July and August 2020

Remittances increased by 31pc in first two months of FY: PM Imran

Country received record 2,768 million dollars in remittances in the month of July this year: PM

Govt policies improved economic situation: Hafeez Shaikh

Pakistan Stock Exchange is at the top in Asia: Finance Advisor

PM Imran admits mistake of letting Nawaz go abroad

The PM said that an atmosphere was created on Nawaz Sharif's illness that he would not survive.

S&P terms Pakistan's long-term outlook 'stable'

The agency said Pakistan had made progress toward consolidating its fiscal accounts

Pakistan's economy to recover during financial year 2021: IMF

The report highlighted the measures taken by the present government to contain spread of COVID-19.

Deteriorating economy bigger threat to national sovereignty than coronavirus: Shehbaz Sharif

Deteriorating economy bigger threat to national sovereignty than coronavirus: Shehbaz Sharif.

PM Imran expresses satisfaction on improvements in economic indicators

The PM expressed regret that people are suffering due to bad governance of previous governments.

FDI increases by 66% in July-Jan 2020

In past seven months, the total foreign investment stood at $ 3.42 billion

Sugar, wheat price hike due to govt's negligence, admits PM Imran

I never said that we will make Pakistan an Asian tiger: PM Imran