Reuters: ISLAMABAD The recently proposed budget for Pakistan received criticism from the International Monetary Fund (IMF) on Thursday, dealing a blow to the cash-strapped nation only two weeks before the end of its bailout programme. Pakistan hardly has enough foreign exchange reserves to pay for imports for a month. TheContinue Reading
45,000 tonnes of crude oil landed in Pakistan from Russia through Oman. Russian crude oil is being unloaded from a cargo ship at Karachi Port Trust’s PRL Terminal. The shipment of 45,000 tonnes of crude oil from Russia to Pakistan through Oman was the first of its sort in theContinue Reading
ISLAMABAD : The State Bank of Pakistan (SBP) will publish its monetary policy rate. According to a statement issued by the central bank, the Monetary Policy Committee (MPC) will meet on June 12 to review the country’s overall financial position, economic indicators, and the performance of various internal and externalContinue Reading
Ahsan Iqbal, the federal minister for planning and development, claimed that Pakistan’s debt has surpassed its income. Federal Minister Ahsan Iqbal said that the PML-N administration was overthrown by cheating and that an amateur was installed in its place, which led to Pakistan’s current economic catastrophe. Iqbal was speaking toContinue Reading
ISLAMABAD (Web Desk) – In comparison to the previous year, the country’s petroleum group imports had a notable decrease of 17.96% from July through April of FY23. According to statistics made public by the Pakistan Bureau of Statistics, the overall import value of the petroleum group decreased to $13.97 billionContinue Reading
KARACHI – Pak Suzuki Motor Company (PSMC) said on Tuesday that it would halt its motorbike manufacturing facilities until June 10 as the nation’s economic condition worsens. The Pakistan Stock Exchange (PSX) received notification of the news. It said that the continuous import restrictions by the government, which have hadContinue Reading
(Web Desk) – Karachi Electric (K-Electric) has asked a three-month adjustment of Rs 5.13 per unit from the National Electric Power Regulatory Authority (NEPRA). Furthermore, the body proposed a hike in the April fuel adjustment of Rs 0.49 per unit. On May 31st, a decision will be taken on K-Electric’sContinue Reading
NEW DELHI (Reuters) – China announced on Friday that it would not attend a G20 tourism summit next week in India’s disputed Himalayan province of Kashmir. In the run-up to the G20 summit in New Delhi in September, India, which has the chair this year, has scheduled a series ofContinue Reading
KARACHI (Web Desk) – The State Bank of Pakistan (SBP)-led foreign currency reserves fell further during the week ending May 12 as external debt repayments cut reserves for the third week in a row. The reserves declined by $72 million to $4.31 billion, according to the central bank. The presentContinue Reading
SINGAPORE – Oil prices fell on Monday as worries about fuel consumption in the world’s two largest users, the United States and China, outweighed optimistic optimism about tightening supply from potential OPEC+ cutbacks and a restart of US purchases for reserves. Brent crude futures were down 62 cents, or 0.84%,Continue Reading
2026© All rights are reserved | Today News