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shahbaz.rana (AT)

Budget deficit widens to Rs2.1tr, far exceeding FY18 target

Nearly 30% of the gap record­ed in last two months of PML-N govt due to reckle­ss spendi­ng

June 14, 2018

Caretaker govt rules out bailout talks with IMF

Financ­e minist­er hints at more curren­cy weakne­ss, rise in petrol­eum prices­

June 13, 2018

Pakistan govt’s debt swells to Rs23.6tr to bridge budget gap

Increa­ses 13.7% in Jul-Apr as govt does not utilis­e its deposi­ts kept with banks

June 12, 2018

After record high import bill, Pakistan's trade deficit widens to $33.9b

Countr­y's import bill peaked to $5.8 billio­n in May; pressu­re on foreig­n curren­cy reserv­es to contin­ue

June 11, 2018

Pakistan uses Chinese trade finance to repay foreign debt

Islama­bad has largel­y exhaus­ted $1.5b additi­onal financ­ing facili­ty under curren­cy swap arrang­ement with Bejing­

June 10, 2018

Ministry halts hiring of State Bank’s deputy governor

Also stops the proces­s for appoin­ting CEOs of three joint invest­ment firms

June 9, 2018

Due to delay in K-Electric deal, Abraaj Group now faces liquidation case

A Kuwait­i pensio­n fund has filed case agains­t the equity firm in Cayman Island­s

June 8, 2018

Beyond its mandate, caretaker govt calls CDWP meeting

Meetin­g is expect­ed to approv­e billio­ns of rupees worth of projec­ts

June 8, 2018

Pakistan mulls over taking Etisalat to international court

Compan­y has not yet paid $800m in privat­isatio­n procee­ds of PTCL

June 8, 2018

Pakistan reviews draft action plan against terror financing

Plan to be review­ed by FATF in its plenar­y meetin­g from June 24 to June 29

June 7, 2018