FBR tells banks: Only bad debts classified as loss are expense ISLAMABAD: The Federal Board of revenue (FBR) has conveyed to banks that only bad debts classified as loss... Updated 31 Jul, 2024 09:29am
Print NA panel told: China, KSA likely to roll over $9bn loans ISLAMABAD: China and Saudi Arabia are likely to roll over $9 billion in loans to Pakistan in the current fiscal year... Updated 27 Jul, 2024 11:47pm
Print Far behind $17.619bn annual target: $9.811bn borrowed from multiple financing sources in FY24 If IMF and UAE inflows are added, total inflows would reach $13.804 billion during fiscal year 2023-24 against target of $17.619 billion Updated 27 Jul, 2024 10:11pm
Business & Finance Forex reserves fall by $369m KARACHI: The country’s total liquid foreign reserves declined by $ 369 million during the last week due to ... Published 26 Jul, 2024 05:49am
Opinion Looking for hope! Pakistan has faced challenges of epic proportions since its inception, yet as a nation, we are endowed with a rich... Updated 24 Jul, 2024 08:01am
Print FY24-25 to FY26-27: MoF cautions fiscal risks may affect MTBS forecasts ISLAMABAD: Finance Ministry has cautioned that fiscal risks may lead to potential threats or uncertainty in fiscal... Updated 20 Jul, 2024 09:24am
Opinion IMF is here to stay The IMF and Pakistani authorities have reached a staff-level agreement on a 37-month Extended Fund Facility (EFF)... Updated 20 Jul, 2024 06:00am
Opinion IMF programme, debt re-profiling, and debt restructuring Pakistan is facing a huge challenge in terms of debt distress. Secondly, the country is stuck in a low economic... Updated 19 Jul, 2024 07:06am
Opinion Old wine in new bottles The incumbent government, as all earlier ones, is jubilant over securing a staff-level agreement with International... Updated 19 Jul, 2024 07:04am
Print Interest payments to devour 62pc of revenues: ADB Forecasts public debt to decline by 7 percentage points to 70 percent of GDP in 2024–2025 Updated 19 Jul, 2024 10:02am
Business & Finance FBR asked to bring all hidden issues before PM immediately ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to immediately bring all... Updated 15 Jul, 2024 09:23am
Print Taxes: Aurangzeb for breaking IMF bailout cycle It's about time we get real, ball is in our court to provide bankable and investable projects, says finance minister on attracting foreign investment Updated 08 Jul, 2024 12:17pm
Business & Finance External debt, liabilities soar to $130.179bn by May ISLAMABAD: Pakistan’s external debt and liabilities have soared to $130.179 billion by May 2024, up from $124.296... Published 06 Jul, 2024 05:18am
Business & Finance BIS sends govt debt warning before important elections LONDON: The Bank for International Settlements warned on Sunday that rising government debt levels amid a number of... Published 01 Jul, 2024 07:01am
Editorials Excessive govt expenditure EDITORIAL: If there were any doubts about whether the ruling elite realise the seriousness of the economic crisis... Published 28 Jun, 2024 06:15am
Business & Finance Budget strengthens IMF programme prospects: Fitch ISLAMABAD: Pakistan’s ambitious fiscal year 2025 budget strengthens prospects for an International Monetary Fund... Published 20 Jun, 2024 06:01am
Print Punjab’s debt stock may stand at Rs1.685trn at June-end LAHORE: At the end of June 2024, debt stock of the Punjab government may stand at Rs. 1,685 billion, out of which... Updated 14 Jun, 2024 09:00am
Opinion U-turn on net metering Delivering a powerful speech at a closing Plenary- Rejuvenating Growth of the World Economic Forum on 29th April... Published 20 May, 2024 05:44am
Print Public debt soars to Rs39.7trn, NA told ISLAMABAD: The external debt was recorded at $86.36 billion and domestic debt was recorded at Rs39.7 trillion of the... Updated 17 May, 2024 12:39pm
Opinion Time to act: 9 cents/kWh The country faces daunting economic challenges. A shrinking industrial base, a bulging workforce with no jobs to... Updated 15 May, 2024 06:28am
Print Downside risks ‘exceptionally high’: IMF ISLAMABAD: The International Monetary Fund (IMF) has stated that the risks to debt sustainability remain acute given... Updated 11 May, 2024 09:46am
Print Upcoming debt obligation: EPTL asks CPPA-G to pay at least Rs32bn by month-end ISLAMABAD: Engro Powergen Thar Limited (EPTL) has asked Central Power Purchasing Agency-Guaranteed (CPPA-G) to pay... Updated 11 May, 2024 09:00am
Business & Finance Global debt burden hits record $315trn: IIF NEW YORK: A key measure of world indebtedness has resumed its climb as global debt hit a record high of $315 ... Published 08 May, 2024 06:43am
Opinion Redemption of the power sector A host of sectoral lacunas prevailing in the energy sector have yet to be tackled leave alone overcome and the... Updated 06 May, 2024 07:04am
Pakistan Youth employment: PIDE seminar urges need of over 8pc sustainable GDP growth ISLAMABAD: Pakistan requires a sustainable GDP growth of more than eight percent for youth employment, to reduce the... Updated 04 May, 2024 06:32am
World Poor nations: UN says solutions exist to rapidly ease debt burden GENEVA: The heavy debt weighing on developing countries can be alleviated through readily available measures, the... Published 19 Apr, 2024 05:07am
Opinion Self-sufficiency versus loan dependence As Pakistan steps into critical discussions with the International Monetary Fund (IMF), it’s confronting immense... Published 18 Mar, 2024 04:56am
Print Sovereign dollar rally to two-year high LONDON: Pakistan’s sovereign dollar bonds gained as much as 3 cents on Friday, hitting their highest since early... Updated 09 Mar, 2024 10:23pm
Print EAD explains how borrowing can be productive Pakistan signs new agreements worth $642 million as commitments Updated 07 Mar, 2024 09:53am
Business & Finance Jul-Jan debt rises 6pc as govt borrowing continues Total domestic and external debt stocks reach Rs64.84 trillion at end of Jan 2024 Updated 06 Mar, 2024 10:54am
Capacity-based model transition to take-and-pay model: 24 conditions proposed to strike new deals between govt, IPPs