ISLAMABAD – As flood water has receded in the parts of country, the federal government has shut down National Flood Response Coordination Centre, which has overseen the response and kept the nation updated. Planning Minister Ahsan Iqbal announced the closure in a media briefing today, ...

ISLAMABAD – Pakistani delegation on Monday left for Moscow to negotiate a potential oil deal with Russian authorities. Reports in local media suggest Minister of State for Petroleum Musadik Malik and the petroleum secretary have embarked on Russia's visit to hold discussions on oil and ...

ISLAMABAD – Prime Minister Shehbaz Sharif stressed joint research, and pooling of resources with Turkiye to face common challenges and emerging threats. In an exclusive interview with Turkish state-run news agency, the premier called on Islamabad and Ankara to work together, saying both ...

ISLAMABAD – Pakistan will repay the $1 billion international bond before its due date, the State Bank of Pakistan (SBP) Governor Jameel Ahmad said Friday. The SBP chief cleared the air amid growing uncertainty about the ability of cash-strapped country to meet external financing obligations ...

ISLAMABAD – The International Monetary Fund said a quick finalization of plan to recover from the unprecedented floods is critical for South Asian countries to get continued financial support from bilateral partners. The massive floods have pushed the country of more than 230 million to the ...

ISLAMABAD – Finance Minister Ishaq Dar has categorically rejected rumours that the country would be unable to make payment of $1 billion against Sukuk bonds which will mature in next month (December). In a televised address, Dar stated that Pakistan will not default and will meet its ...

ISLAMABAD –Finance Minister Ishaq Dar called on President Dr Arif Alvi in Islamabad on Friday. During the meeting, the finance minister briefed the president on the overall economic and financial outlook of the country. Dar also briefed Alvi on various steps taken by the government to ...

ISLAMABAD/SHARM EL SHEIKH – Pakistan has revised its budget estimates due to relief and rehabilitation of the flood affected people, Prime Minister Shehbaz Sharif said on Monday. During the meeting with Managing Director of the International Monetary Fund (IMF) Kristalina Georgieve on the ...

ISLAMABAD – The federal government Monday announced that petroleum prices will remain unchanged for the first fortnight of November. The announcement was made by Finance Minister Ishaq Dar, stating that the decision has been made after consultation with Prime Minister Shehbaz Sharif. The ...

ISLAMABAD – Federal Finance Minister Ishaq Dar said on Wednesday that the government is considering an option to import oil from Russia. “If India can buy oil from Russia, why can’t we. We can also import it,” Dar said while addressing the Chartered Accountant Association ...

ISLAMABAD – The federal government Saturday announced that petroleum prices will remain unchanged for the second fortnight of October. The announcement was made by Finance Minister Ishaq Dar, stating that the decision has been made after consultation with Prime Minister Shehbaz Sharif. He ...

ISLAMABAD – Another cut is expected in the prices of petroleum products for the second half of October in light of the appreciation of the Pakistani rupee. Reports in local media said the prices of high-speed diesel (HSD), kerosene oil, and light diesel fuel are also likely to ...

ISLAMABAD – The United Kingdom has announced an additional 10 million pounds to assist Pakistan in its flood relief activities. Catastrophic floods triggered by abnormal monsoon rains have sunk the one third Pakistan under water, killing over 1,700 people, displacing thousands of people. The ...

WASHINGTON – Senior officials of the International Monetary Fund (IMF) and World Bank Friday assured Pakistan of continued support in overcoming its social-economic challenges due to devastating floods. IMF Deputy Managing Director Antoinette Sayeh and World Bank President David Malpass ...

ISLAMABAD – A man hurled abuses at Finance Minister Ishaq Dar, who is currently in the US on an official visit, at the Washington Airport. Videos shared on social media shows a man chanting “chor, chor” (thief) as he was received at the airport. However, a person accompanying Dar ...

ISLAMABAD – International Monetary Fund (IMF) has projected Pakistan’s GDP growth rate at 3.5 percent and inflation at around 20 percent as post-pandemic aftershocks, and the Russia-Ukraine war impact hit the cash-strapped country. In the World Economic Outlook 2023, the US-based ...