The Asian Development Bank (ADB) approved a $300 million loan on Tuesday to further develop Pakistan’s capital markets, promote private investment in the country, and help mobilise domestic resources to finance sustainable growth. According to a statement, the second sub-programme of the ADB’s Third Capital Market Development Program builds on institutional and regulatory reforms put مزید پڑھیں

The country’s current account deficit fell 78.46 percent to 54 545 million in February, from a sharp drop in imports to 53 2.53 billion in January. During the first eight months of fiscal year 2022, the current account deficit crossed 12 billion and there was no sign of improvement in the external account. In February مزید پڑھیں

International Monetary Fund (IMF) raised more questions over the financing of a relief package announced by the prime minister last month, Pakistan may not be able to draw the next tranche of the $6 billion Extended Fund Facility (EFF) for over a month. In a televised address to the nation at the end of February, مزید پڑھیں

Pakistan hopes to get a positive response from the International Monetary Fund (IMF) on the seventh review, after addressing the Fund’s concerns regarding the prime minister’s relief package in detail, citing Finance Minister Shaukat Tarin. “We thoroughly briefed the IMF mission over their concerns regarding PM’s Relief Package on petrol, diesel and electricity prices and مزید پڑھیں

The price of Ghee has been increased again on Thursday by 8 rupees before the Holy month of Ramadan. According to details, the price of second grade ghee has reached 452 rupees from 444 rupees per kilogram (KG) and the five kg dispenser pack has reached 2260 rupees from 2220 rupees. The people are saying مزید پڑھیں

Tesla raised its prices in China and the United States for the second time in less than a week, after CEO Elon Musk said the US electric carmaker was facing significant inflationary pressure in raw materials and logistics. The increases come as costs of raw materials are surging, exacerbated by supply chain disruptions following Russia’s مزید پڑھیں

Nike Inc said on Thursday it would temporarily close all its stores in Russia, joining a slew of Western brands that have suspended their businesses in the country following Moscow’s invasion of Ukraine. The U.S. sportswear maker had made merchandise purchases on its website and app unavailable in Russia earlier this week and directed its مزید پڑھیں

The National Electric Power Regulatory Authority (NEPRA) on Thursday increased the power tariff by Rs5.94 per unit on account of fuel charges adjustment (FCA) for January 2022. The FCA for January 2022 will be charged with the bill of March 2022, which will be paid by all consumer categories of distribution companies, except for lifeline مزید پڑھیں

The much-touted and already delayed trans-nations $10bn Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas line project landed in hot waters after Asian Development Bank (ADB) paused all due diligence and processing activities until the Taliban regime is legitimised by the United Nations and big economies of the world. “The major portion of the pipeline is to pass through Afghanistan. مزید پڑھیں

State Bank of Pakistan (SBP) Governor Reza Baqir has reiterated his stance on cryptocurrency, saying it doesn’t have a use case that can further the goals like financial inclusion or innovation key objectives of the banking regulator. During a panel discussion at the 13th Karachi Litera­ture Festival on Sunday, Mr Baqir agreed that the underlying مزید پڑھیں