IMF being used as a weapon against Pakistan

Islamabad, March 24 (Online): The Pakistan Economy Watch (PEW) on Friday said the IMF is being used as a weapon against Pakistan. The ever-increasing demands of the international institution have left our government helpless, it said. IMF is ruining Pakistan’s economy by delaying the deal […]

LatAm food crisis on the table at Ibero-American summit

Santo Domingo, March 24 (AFP/APP): Addressing a food crisis affecting a fifth of Latin America’s population featured high on the agenda of an Ibero-American leaders summit that started in the Dominican Republic on Friday. According to the United Nations’ Food and Agriculture Organization, Latin America […]

Bank shares sink as contagion fears return

London, March 24 (AFP/APP): Bank shares tumbled on Friday, jolting stock markets as fears about the health of the financial sector resurfaced, with Deutsche Bank now in the eye of the storm. Markets had rallied earlier this week after financial authorities took steps aimed at […]

PM inaugurates 1650MW Shanghai Electric Thar, Thal Nova Thar projects

Tharparkar, March 22 (Online): Prime Minister Shehbaz Sharif and Foreign Minister Bilawal Bhutto Zardari jointly inaugurated 1650 Mega Watts Shanghai Electric Thar and Thal Nova Thar projects in Tharparkar on Wednesday. Built with a total direct investment of 3.53 billion dollars, these coal-fired projects will […]

President approves restructuring of NEC

ISLAMABAD, March 22 (Online): President Arif Alvi has accorded approval to restructuring of National Economic Council (NEC). The restructuring has been made due to induction of new governments in KP and Punjab. SM Tanvir minister for energy, industries, commerce of Punjab and Himayat Ullah Khan […]

SBP announces banking hours for Ramazan-ul-Mubarak

KARACHI, Mar 22 (APP): The State Bank of Pakistan, on Wednesday, announced office business hours during Ramazan-ul-Mubarak The Central Bank, in a statement issued here, announced that in wake of the ensuing holy month of Ramazan-ul-Mubarak 1444 AH, the State Bank of Pakistan as well […]

Chinese yuan strengthens to 6.8715 against USD Wednesday

BEIJING, Mar 22 (Xinhua/APP): The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 48 pips to 6.8715 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to […]

UK inflation unexpectedly accelerates to 10.4%

London, March 22 (AFP/APP): British annual inflation unexpectedly accelerated in February despite central bank efforts to tame a growing cost-of-living crisis, official data showed Wednesday. The Consumer Prices Index (CPI) rose by 10.4 percent in the 12 months to February 2023, up from 10.1 percent […]