Aaj News

Pakistan

Dollar’s assault on rupee continues for second day, rises to Rs262

Despite an increase of over Rs30 in two days, the gap between official and market rate persists

Updated 27 Jan, 2023 02:28pm

Pakistan

Govt ‘successfully’ avoided default, minister claims

State minister for finance says the government inherited a fragile economy

Published 26 Jan, 2023 03:27pm

Business & Economy

Pakistan’s economy grinding to a halt as dollars dry up

Pakistan's reserves are enough to pay for around a month of imports

Published 15 Jan, 2023 10:12am

Pakistan

Atif Mian: Pakistan has already defaulted and needs ‘courageous’ decisions

Pakistani-American economist explains why you have a chicken crisis at home and can't pay your son's fee abroad

Updated 11 Jan, 2023 02:30pm

Business & Economy

World Bank cuts 2023 world growth forecast in ‘sharp, long-lasting slowdown’

Economists warn of a slump in the world economy as countries battle soaring costs

Published 10 Jan, 2023 09:34pm

Pakistan

Saudi Arabia to consider increasing investment to $10 billion in Pakistan

Pakistan has been looking towards friendly countries to raise forex reserves

Published 10 Jan, 2023 12:23pm

Business & Economy

Pakistan likely to dodge default in next 6 months, but troubles not over: Bloomberg

Report says investors worried about big dollar debt repayment in April 2024

Published 09 Jan, 2023 07:10pm

Business & Economy

Ishaq Dar to meet IMF in Geneva, in bid to resume bailout

Dar has been critical of the IMF lately, even saying that the lender was acting "abnormally"

Published 08 Jan, 2023 12:24pm

Pakistan

Pakistan to complete terms of IMF’s programme: PM

IMF MD to attend Geneva donor conference virtually

Published 07 Jan, 2023 09:16pm

Pakistan

Markets refuse to close early under govt energy saving plan

Businesses fear the new energy-saving curbs will further slow the economy

Published 05 Jan, 2023 09:39am

Business & Economy

Ishaq Dar rejects PTI’s ‘white paper’, says it is devoid of economic context

Finance minister says that PTI had not allocated funds for security operations

Updated 04 Jan, 2023 07:08pm

Business & Economy

Headline inflation for December reaches 24.5%

CPI inflation in urban areas increased to 21.6

Published 02 Jan, 2023 05:49pm

Business & Economy

Nishat Chunian announces partial suspension of operation from January

Textile manufacturer says spindles will restart operations after improvement in market conditions

Published 28 Dec, 2022 05:55pm

Business & Economy

World economy faces more pain in 2023 after a gloomy year

Since World War Two we have never seen such a complicated situation, says Amsterdam university professor

Published 28 Dec, 2022 12:38pm

Pakistan

No risk of default, Dar adamant

Reiterates that Pakistan will complete IMF program

Updated 28 Dec, 2022 12:20pm

Business & Economy

S&P downgrades Pakistan’s credit rating on weakening of several metrics

Long-term sovereign credit rating lowered to “CCC+” from “B-“

Published 23 Dec, 2022 03:59pm

World

Ghana to default on most external debt as economic crisis worsens

Announcement comes a week after IMF staff-level agreement

Published 20 Dec, 2022 02:30pm

Business & Economy

Massive selling pressure as benchmark KSE-100 index sheds over 550 points

Traders say domestic, international developments cause of uncertainty

Published 15 Dec, 2022 05:54pm

Pakistan

Dollars disappear from open market due to hoarding

Traders say there is a huge gap between open market rate and actual rate

Published 15 Dec, 2022 12:26pm

Pakistan

Dar decries ‘negative campaigns’ against economy

Says debt is a hot topic in Pakistan but not other countries

Published 14 Dec, 2022 04:34pm

Pakistan

Chinese and Pakistani universities collaborate to create heat-resistant rice

Field trials and demonstrations have exhibited that the yield of Honglian HP3 is 12.5% higher

Published 11 Dec, 2022 11:57am

Pakistan

No chance of martial law as democracy has matured in Pakistan: President Alvi

President says he is sure country will not default

Updated 08 Dec, 2022 05:01am

Business & Economy

Pakistan expects $3b from friendly country in two weeks

When asked about a delay in visit of IMF delegation, Dar said he ‘didn’t care’

Published 03 Dec, 2022 09:18am

Business & Economy

Consumer price inflation slows to 23.8%

On Nov. 25, the central bank hiked its policy rate by 100 basis points to 16%, the highest in several years

Updated 01 Dec, 2022 07:40pm

Pakistan

Ishaq Dar to return to Pakistan on Tuesday

PML-N leader will assume charge as the finance minister

Published 25 Sep, 2022 08:22pm

Business & Economy

Pakistan will ‘absolutely not’ default on debt despite floods: Miftah Ismail

Says most stabilisation policies and targets are still on track

Published 19 Sep, 2022 12:03am

Pakistan

PM Shehbaz meets Nawaz to discuss political, economic situation

Premier says the entire nation is united for relief and rehabilitation of flood-affected people

Published 18 Sep, 2022 08:54pm

World

US to move $3.5 billion in Afghan central bank assets to Swiss-based trust

Officials say no money will go to Afghan central bank, known as DAB, until it is 'free of political interference'

Published 14 Sep, 2022 06:35pm

Business & Economy

Rupee continues to slide due to rising demand for import payments: Miftah

Says the country will have to face major revenue loss due to crop losses

Updated 04 Oct, 2022 09:37am

Business & Economy

Miftah Ismail expects economy to grow more than 3.5% this FY - report

Finance minister reiterates the need for “living within your means”

Published 04 Sep, 2022 05:21pm