A man selling vegetables waits for customers at his makeshift stall in Karachi. File/Reuters
The International Monetary Fund (IMF) said it approved a $500 million disbursement to Pakistan for budget support after the IMF Executive Board completed delayed reviews of Pakistan’s $6 billion loan programme.
More than a fifth of Pakistan's 220 million people live below the national poverty line, according to the Asian Development Bank and IMF, and with inflation running at nearly 30% the problem is deepening.
Inflation has risen to a 48-year high in crisis-hit Pakistan, according to government data released on Wednesday, as IMF officials visit for urgent talks on a stalled bailout package. Year-on-year inflation in January was recorded at 27.55 per cent, its highest since May 1975. Pakistan’s economy is in dire straits, stricken by a balance of payments
More than 40 ministers and 120 leading energy industry executives from across the world, will come together in Abu Dhabi for ADIPEC 2023, where they will demonstrate progress,
The Abu Dhabi Securities Exchange (ADX) has signed a Memorandum of Understanding (MoU) with the Expo Centre Sharjah to better serve the Emirate of Sharjah’s s investor community.
Alpha Dhabi Holding has announced its acquisition of a majority stake in Metito Holdings Ltd., a global leader in the water and wastewater industry.