Pakistan could default without an International Monetary Fund bailout as its financing options beyond June are uncertain, Moody’s Investor Service said. “We consider that Pakistan will meet its external payments for the remainder of this fiscal year ending in June,” said Grace Lim, a sovereign analyst with the ratings company in Singapore. “However, Pakistan’s financing مزید پڑھیں

Pak Suzuki Motors, one of the major players in the two-wheeler segment in terms of market share, has increased the price of its motorcycles as the automobile industry faces an uphill task in keeping itself afloat amid the rupee’s persistent devaluation. According to a notification sent by the company to its dealers, the new rates مزید پڑھیں

In the realm of banking, information technology has had a significant influence. Internet banking, sometimes known as e-banking, is an electronic payment framework that enables clients of a financial organization, such as a retail bank, virtual bank, credit association, or building society, to direct monetary exchanges on a site run by the organization. The banking مزید پڑھیں

The United States is facing a potential economic disaster if the country defaults on its debt payments, the White House warned on Wednesday. The president’s Council of Economic Advisers cautioned that this could cause an economic shock that would lead to eight million job losses this summer and a 6% drop in Gross Domestic Product مزید پڑھیں

The World Bank’s board of governors on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, ushering in an Indian-born finance and development expert to revamp the lender to tackle climate change and other global crises. Banga, 63, was nominated for the post by US President Joe Biden in late February مزید پڑھیں

The National Electric Power Regulatory Authority (NEPRA) on Wednesday approved an Rs3.70 per unit hike in the power tariff for K-Electric consumers on monthly fuel adjustment charges. According to the notification issued by the power regulator authority, the hike in the power tariff for K-Electric consumers was approved on account of fuel charge adjustment (FCA) مزید پڑھیں

The weekly inflation, measured by Sensitive Price Indicator (SPI), witnessed an increase of 0.15pc to jump to 46.82pc on a year-on-year basis for the week ending on April 27. The SPI for the week under review in the above-mentioned group was recorded at 252.20 points as compared to 251.83 points during the past week, according مزید پڑھیں

The government on Friday approved an increase of up to 20 per cent in medicine retail prices, with the rise for essential drugs capped at a maximum of 14pc as decades-high inflation grips the country. The decision, taken in the cabinet’s Economic Coordination Committee (ECC), was due for months to meet the demands of drug مزید پڑھیں

Pakistani rupee ticked up 0.03%, or Rs0.08, on Wednesday and closed at a one-month high at Rs283.39 against the US dollar in inter-bank market, maintaining its winning streak for the second consecutive working day. The currency market resumed rupee-dollar exchange after five-day-long Eid holidays. On the previous working day on April 20, it had closed مزید پڑھیں

Finance Minister Ishaq Dar has asked the FBR to enhance its efforts to achieve the true tax potential of the country. He made the remarks while chairing a meeting in Islamabad to review the performance of the FBR. Ishaq Dar extended his full support to the FBR in performance of its duties for revenue collection. مزید پڑھیں