Russian state flagship airline Aeroflot is planning to raise up to 185.2 billion roubles ($3bn) in an emergency share issue, it said. Aeroflot, controlled by the Russian state, on Tuesday said shareholders at its annual meeting had approved the issuance of 5.42 billion new shares that could be bought at a price of 34.29 roubles مزید پڑھیں

A delegation of the American Business Council comprising members of Pharma, Food Processing IT, E-Commerce, Retail, Textiles, Sports and Logistics sectors called on Prime Minister Shehbaz Sharif in Islamabad on Wednesday. Speaking on the occasion, he said it is for the first time that the government is calling for the consistency of the policies as مزید پڑھیں

Prime Minister Shehbaz Sharif Tuesday addressed a day-long pre-budget business conference in the federal capital and said that the country’s economy cannot be streamlined without political stability. The conference was being held to explore avenues for consensus-based economic measures with all stakeholders on board. It brought together leaders from a wide range of industries on مزید پڑھیں

PTI senior leader and former energy minister Hammad Azhar Tuesday said that the rupee has lost Rs23 against the US dollar in the last 55 days since Prime Minister Shehbaz Sharif came into power. Addressing a press conference in the federal capital, Hammad criticised the coalition government for its “incompetence” and said that the government مزید پڑھیں

In a first, rupee surpassed 204 threshold in open market after shedding Rs3 in the open market. Meanwhile, it continued its downward slide against the US dollar, dropping to an all time low of Rs202.75 in the interbank market during intraday trade on the rising demand for the greenback due to import payments. The local مزید پڑھیں

Finance Minister Miftah Ismail said on Tuesday that the country needed $41 billion dollars in the next 12 months, adding that he was “very confident” about it happening. “We have to pay back $21bn in the next year. I am guessing that the outside limit of the current account deficit will be $12bn […] I مزید پڑھیں

President Dr Arif Alvi on Tuesday approved the reconstitution of the National Economic Council (NEC) under Article 156 of the Constitution. Prime Minister Shehbaz Sharif will be the chairman of NEC while the chief ministers of all provinces will be the members. From the federal side, the members include Planning Minister Ahsan Iqbal, Finance Minister مزید پڑھیں

Finance Minister Miftah Ismail Monday ruled out the possibility of a financial emergency in the country after the government took steps to rectify the ongoing economic turmoil. In a tweet, Ismail said the country was not facing a financial emergency as the price of petrol had been increased twice — and hiked up to Rs209.86, مزید پڑھیں

Tesla CEO Elon Musk has a “super bad feeling” about the economy and needs to cut about 10% of jobs at the electric carmaker, he said in an email to executives. The message, sent on Thursday and titled “pause all hiring worldwide”, came two days after the billionaire told staff to return to the workplace مزید پڑھیں

Data acquired from Pakistan Bureau of Statistics (PBS) has revealed that Pakistan’s trade deficit crossed $43 billion in the first 11 months (July-May) of the outgoing fiscal year 2021-22, as the pace of increase in imports was more than the surge in exports due to the sky-high oil import bill. Analysts fear that a record-high مزید پڑھیں