Economic turmoil
It’s time to go back to the basics, which may be termed as Solution 101 — ‘earn more and borrow less’.
Updated 23 Jul, 2022 09:43am
Tariff for those consuming 101-200 units per month increased by Rs7.21, rate for consumers using 201-300 units goes up by Rs8.31.
Published 23 Jul, 2022 07:20am
Analyst says rupee's decline a "bitter fact", but not an exception.
Updated 22 Jul, 2022 03:40pm
After an initial 290-point plunge, market recovers to close at 40,077.30 points, up 245.55.
Updated 22 Jul, 2022 05:31pm
Islamabad views Washington as an important partner in efforts to revive Pakistan’s economy, SAPM Tariq Fatemi tells US official.
Updated 22 Jul, 2022 09:46am
Urge govt to fix dollar rate, appoint SBP chief and declare economic emergency.
Updated 22 Jul, 2022 01:43pm
Influential group of international investors welcomes govt’s "bold policy measures" but laments high taxes, rupee’s slide.
Updated 22 Jul, 2022 09:33am
SBP holds $3.82bn worth of gold, which is more than half the total funds that IMF is expected to disburse.
Updated 22 Jul, 2022 08:04am
Cabinet meeting claims it will bring down petroleum prices by next month; agreement with Turkiye expected to boost trade to $5bn.
Updated 22 Jul, 2022 02:19pm
Says pressure on the rupee is likely to diminish and demand for dollars will soon be lower than its supply.
Updated 22 Jul, 2022 07:40am
Dastgir says biggest indication of economic turmoil in "another country in the region" was that it ran out of petroleum products.
Updated 22 Jul, 2022 07:40am
It marginally revised inflation figures for FY22 and “substantially” for FY23.
Updated 21 Jul, 2022 02:31pm
Closes at 39,871pts; analyts say "unsettled" political situation and free-falling rupee adding to "panic".
Updated 21 Jul, 2022 04:36pm
Forex association chief says worried importers seeking safety of dollar and "unnecessarily" buying them up from market.
Updated 21 Jul, 2022 04:57pm
The wiser option may be to seek a fresh, clear public mandate, instead of completing the term.
Updated 21 Jul, 2022 08:50am
Premier has called a federal cabinet meeting today to discuss economic and political situation.
Updated 21 Jul, 2022 08:14am
Urge central bank to play role to end exchange rate volatility.
Updated 21 Jul, 2022 09:23am
Bloomberg report claims Fund "assessing Saudi commitment to financing Pakistan" before fresh disbursement.
Updated 21 Jul, 2022 08:00am
Says inflation, depreciation show people have lost trust in current government, calls for early elections.
Published 20 Jul, 2022 08:28pm
Dollar touches Rs225; analysts cite lack of economic guidance and SBP not intervening.
Updated 20 Jul, 2022 04:27pm
More than 90m people in Pakistan are going hungry.
Published 20 Jul, 2022 07:47am
Imran says "economic meltdown shows Sharifs never had any expertise in running economy or administration".
Updated 20 Jul, 2022 09:43am
Price of two models of 1,000cc Picanto has been raised by Rs5m to Rs3.1m and Rs3.2m.
Updated 20 Jul, 2022 07:26am
Will complete formality of public hearing on Wednesday for immediate implementation of new rates.
Updated 20 Jul, 2022 07:09am
IMF’s communication director says executive board, which will approve the loan package, likely to meet in three to six weeks.
Updated 20 Jul, 2022 07:38am
Investors continue selling momentum across the board owing to unrest on political front, devaluation of rupee, says analyst.
Updated 20 Jul, 2022 07:41am
Analysts say panic over depreciation of rupee transferring from currency market to equities.
Updated 20 Jul, 2022 09:28am
“Renewed political volatility cannot be excluded and could undermine fiscal and external adjustment,” it says.
Updated 19 Jul, 2022 03:56pm
Analyst says banks buying dollars as financial markets "panic" following fears of govt change.
Updated 20 Jul, 2022 07:15am
KARACHI: The US dollar rose to an all-time high with a record single-day appreciation in the interbank market to...
Published 19 Jul, 2022 05:41am
