Pakistan's economic outlook uncertain amid political instability: ADB report
Islamabad: The Asian Development Bank (ADB) on Thursday said that Pakistan's economic outlook is uncertain, with significant downside risks due to current political instability, media reported.
Pakistani rupee tumbles to record low amid widespread unrest after Imran Khan's arrest
Amid widespread unrest in Pakistan following former prime minister Imran Khan’s arrest on Tuesday, its currency tumbled to a new record low as the country’s army stepped in to quell violent protests, Bloomberg reported.
Pakistan govt hikes fuel prices to historic high
Islamabad: Pakistan on Thursday raised the fuel prices to a historic high in a bid to meet the conditions set by the International Monetary Fund (IMF) to release a tranche of a bailout package, media reports said.
Pakistan likely to reel under very high inflation in the H1 of 2023
There seems to be no respite for Pakistan at least in the near future as the country’s economy is likely to reel under very high inflation for quite some time.
Pakistan: State Bank reserves drop to lowest level since June 2020
Islamabad: Pakistan's foreign exchange reserve which is held by the State Bank of Pakistan (SBP) moved down by 6.04 percent on a weekly basis, media reports said on Friday.
Mumbai/IBNS: Hyundai India "is committed to the Indian market" and "we stand firmly for our strong ethos of respecting nationalism", the subsidiary of the multinational automotive manufacturer said in a statement after facing backlash over a tweet by its Pakistan dealership on "Solidarity with Kashmir".
Pakistan's inflation rate hits 12.3 pc
Islamabad/UNI: The inflation in Pakistan increased in December by 12.3 per cent, highest in nearly two years, according to media report on Sunday.
Bank of Baroda to give tractor loan
Mumbai/UNI: Bank of Baroda, country’s leading public sector bank, announced on Saturday that it has taken three initiatives in single day, all focused on providing better financial service to farmers and empowering them towards farm mechanization.
Pakistan's economy likely to perform worse than previous estimates: World Bank
Islamabad/UNI: Pakistan’s economy would actually perform even worse than what previous estimates had warned about, the World Bank, citing the Covid-19 fallout, forecast on Monday.
ADB supports Pakistan in accelerating urban projects with new financing instrument
Manila, Mar 20 (Xinhua/UNI) The Asian Development Bank (ADB) said on Wednesday that it has approved 9 million U.S. dollars in project readiness financing (PRF) to support the preparation and design of urban sector projects in Khyber Pakhtunkhwa (KPK), which will support the government of Pakistan in accelerating the delivery of critical infrastructure in the rapidly urbanizing province.
Informal trade or smuggling rampant in India-Pak trade: ASSOCHAM Paper
New Delhi, Oct 3 (IBNS): Informal trade or putting it bluntly, smuggling of goods, between India and Pakistan is estimated at over USD five billion, almost double the official two-way commerce between the two neighbours with history of chequered ties, an ASSOCHAM study has pointed out.