Finance Minister Ishaq Dar on Wednesday asserted that the country was not on the verge of a financial crisis and “will absolutely not default”. Dar’s remarks comes amid growing fears of default, propelled by the country’s declining remittances and foreign exchange reserves, as well as a prolonged delay in reaching an accord with the International مزید پڑھیں

Finance Minister Ishaq Dar has assured to take every possible step for provision of relief to the masses in the next budget. Talking to Speaker National Assembly Raja Pervez Ashraf in Islamabad on Monday, he said the economic team is tirelessly working to put the economy on the growth path. The Speaker appreciated the efforts مزید پڑھیں

The 230+ million residents of Pakistan are currently experiencing formidable economic challenges, thus a path for boosting financial stability and growth needs to be fostered. While the IMF program must resume in order to meet our immediate financial demands, their usual recommendations might only be able to solve our problems temporarily. We need a fundamental مزید پڑھیں

Pakistan is now looking for a Plan B for averting full fledge eruption of the balance of payment crisis if the International Monetary Fund (IMF) continues to delay the revival of the already-delayed $6.5 bailout programme. According to the media reports , the cash-strapped nation of over 220 million people will have no other option مزید پڑھیں

The International Monetary Fund (IMF) has said that it is reviewing the current situation developing in Pakistan and hopes a peaceful way forward will be found. The IMF looks forward to receiving the assurance for the remaining necessary financing, the representative further said. IMF representative in Pakistan Esther Perez Ruiz welcomes the announcement of financial support مزید پڑھیں

The rupee made a sharp recovery of 3 per cent against the US dollar in the interbank market on Friday, recovering all its losses from yesterday.The PKR was trading at Rs290.20 per dollar in the morning, gaining Rs8.73 from yesterday’s close of Rs298.93. Forex Association of Pakistan (FAP) Chairperson Malik Bostan said the local currency مزید پڑھیں

The rupee slumped to a record low of 299 amid political tumult in the wake of clashes that broke out in the country following the arrests of senior leaders of the Pakistan Tehreek-e-Insaf (PTI). The local unit fell Rs8.78, or 3.02%, against the dollar on Thursday trading at 299 in the interbank market at 1:17pm. مزید پڑھیں

The US dollar has once again gained ground against the Pakistani rupee.The price of the dollar increased by 3 rupees 66 paisa in the interbank market, and the dollar became 288 rupees 50 paisa in the interbank market. On the other hand, the 100 index of Pakistan Stock Exchange has decreased by 173 points and مزید پڑھیں

Foreign companies in China are on tenterhooks following a series of national security raids on consultancy firms that have highlighted the risks of doing business in the era of Chinese leader Xi Jinping. Eric Zheng, the president of the American Chamber of Commerce, said on Tuesday he was concerned about reports that due diligence firms مزید پڑھیں

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