Hope of IMF programme revival propels KSE-100 Index by 730 points
The Pakistan Stock Exchange continued making huge gains for the second consecutive day as the benchmark KSE-100 Index was up nearly 900 points in...
Inflation: Suzuki Motor too jacks up prices
The manufacturer and assembler of Suzuki vehicles in Pakistan joined the list of those increasing the prices as a depreciating rupee and high cost...
Businessmen reject high interest rate, warn of economic fallout
Industrialists and traders have rejected the latest interest rate hike, terming the move as “anti-business and anti-growth”, and said inflation was demand-push, not demand-pull,...
Non-textile exports remain stagnant amid global slowdown
No one is immune to global slowdown, including Pakistan, as non-textile exports saw a slight decrease of 0.65 percent to $5.54 billion in the...
Rupee down after cap removed on dollar in open market
The rupee depreciated against the US dollar on Wednesday after the exchange companies removed an unofficial cap on trading, with the local currency down...
Cut in govt employees’ salaries among austerity proposals
Different proposals, including slashing the salaries of government employees, are under consideration as a recently-formed committee is working on suggesting austerity measures for reducing...
Chinese bank offers Colombo limited debt moratorium after Indian pledge
The Export-Import (EXIM) Bank of China has offered Sri Lanka a two-year moratorium on its debt, saying it will support the country's efforts to...
Yellen cites China as source of debt problem amid fight for Africa
US Treasury Secretary Janet Yellen said it was critically important to restructure Zambia's debt, as she visits the African nation as part of a...
Inflation: Poor getting poorer but the rich are becoming richer
Although the rich - comprising the elite and upper middle class - make more noise and have much bigger audience, it is the poor...
