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Business

IMF Says Pakistan Needs More Reforms for Economic Transformation

Resolving Pakistan’s structural challenges will likely require continued reforms over the medium term to underpin the needed economic transformations, strengthen inclusive growth prospects, and create an environment conducive to renewed private capita…

Pakistan’s central bank forex reserves rise 61 mln USD

The State Bank of Pakistan (SBP) said its foreign exchange reserves have increased by 61 million U.S. dollars.During the week ending on July 7, the total foreign exchange reserves of Pakistan’s central bank moved to around 4.5 billion dollars, the SBP …

Large Scale Manufacturing Output Declines by 14% in May

The Large Scale Manufacturing Industries (LSMI) output has decline by 9.87 percent during July-May 2022-23 when compared with the same period of last year, says Pakistan Bureau of Statistics (PBS).According to the provisional Quantum Index numbers of …

IMF okays $3B bailout loan for Pakistan after Saudi, UAE deposits

The International Monetary Fund has approved a much-awaited $3 billion bailout for Pakistan, the global lender said, a move that’s likely to save the impoverished nation from defaulting on its debt repayments.The IMF said its executive board approved …

PM takes notice of fire in oil refinery in Alipur Chatta

Prime Minister Shehbaz Sharif has taken notice of the fire in the oil refinery in Alipur Chatta.He directed authorities concerned to take immediate measures to protect the public and refinery staff.The Prime Minister further gave instruction to invest…

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