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Short-term inflation, measured by the Sensitive Price Index (SPI), reached an all-time high of 46.65 per cent year-on-year for the week ending on March 22, in comparison to last week...
Pakistan’s central bank raised its key interest rate by 300 basis points on Thursday, exceeding investor expectations, as the country attempts to encourage the International Monetary Fund to release critical...
Sixteen-year-old Nadia makes the one-hour journey to and from her employer's house on foot each day, stopping frequently along the congested streets of Lahore so her mother can rest...
Pakistan's government will cut back allowances and travel expenses of ministers and advisers as part of an austerity drive that will save it Rs200 billion ($766 million) a year,...
Managing Director of the International Monetary Fund (IMF) Kristalina Georgeiva has advised Pakistan to stop giving tax evasion subsidies and plans to the rich if it wants to function...
Tariq Butt / Correspondent A crucial tax amendment bill, proposing Rs170 billion ($639 million) taxes, to fulfil the conditions of the International Monetary Fund (IMF) to revive a stalled...
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...
The Pakistani rupee dived to an historic low against the US dollar on Thursday after an exchange cap was lifted as Islamabad campaigns to unlock a vital bailout from the...
The Pakistani rupee weakened by 1.2% on Wednesday after foreign exchange companies removed a cap on the currency, saying it caused “artificial” distortions for an economy in desperate need of...
Pakistan will take fiscal measures set by the International Monetary Fund (IMF) to meet its budgetary targets for the 2022-23 financial year, Finance Minister Ishaq Dar said on Wednesday....
