Aaj News

Pakistan inflation to fall to 9.5 to 10.5% in August, says finance ministry

Pakistan's inflation rate rose above 30% in 2023 and has not been in single digits since October 2021

Updated 30 Aug, 2024 10:07pm

Gain tax not to apply on properties purchased before July 1, 2024

The concept of holding period done away for purchases in new fiscal year

Published 31 Jul, 2024 11:10am

Pakistan initiated talks on reprofiling Chinese power sector debt in Pakistan

Islamabad is looking to appoint local adviser in China for purpose

Published 28 Jul, 2024 05:47pm

SBP revises guidelines for transfer, performance of NPAs

Financial institutions will record instruments as consideration for of NPAs at fair value

Published 25 Jul, 2024 02:35pm

Shared Workspace Giant WeWork Files For Bankruptcy

WeWork's shares were worth just 80 cents at the close of trading

Published 07 Nov, 2023 09:20am

Interim PM Kakar forms committee for revival of economy

Members from finance and planning ministries will be part of it

Updated 18 Aug, 2023 05:11pm

Pakistan’s economic woes leave textile industry in tatters

In 2022-2023, textile exports fell by 15 per cent to $16.5 billion

Published 06 Aug, 2023 09:58am

Chinese bank rolls over $2.4b loan for two years, says Ishaq Dar

Finance minister cites Pakistan will make interest payments only in both years

Updated 28 Jul, 2023 01:16am

Pakistan’s friends to experience slower growth for two years

Oil and other commodity prices to fall in 2023 and 2024

Published 25 Jul, 2023 05:54pm

SBP forex reserves likely to hit $14b by Dec 2023, says economist

Terms broadening of tax base and privatisation essential for economic progress

Published 24 Jul, 2023 12:13am

Dar first choice for interim PM as coalition agrees on appointing economic expert

Pakistan recently clinched last-minute IMF deal

Updated 24 Jul, 2023 08:46am

Pakistan-IMF reach $3 billion staff-level agreement, says Fund

Earlier, Ishaq Dar told Reuters the deal was going to be signed in 24 hours

Updated 30 Jun, 2023 09:00am

Pakistan hopes for IMF bailout decision in a day or two

Finance Minister Ishaq Dar reiterates expectations that review 'will be done'

Updated 27 Jun, 2023 08:46pm

SBP raises key policy rate to 22%

Central bank notes potential upside risks to the inflation outlook have increased from the last meeting

Updated 26 Jun, 2023 06:30pm

Finance Minister Ishaq Dar loses temper, hits journalist over IMF question

He also ordered guards to take away the journalist's phone

Updated 22 Jun, 2023 08:27pm

ADB pledges to support Pakistan’s economic recovery

President Askawa says Islamabad taking ‘quick’ required stabilisation measures

Updated 02 May, 2023 03:54pm

Former finance czar backs elections in June-July to have next IMF programme

Pakistan needs around $30 billion on an annual basis for three years, says Hafeez Pasha

Updated 19 Apr, 2023 01:38am

Pakistan hopes to seal key IMF bailout agreement soon

We can complete our current programme successfully, says Georgieva

Published 14 Apr, 2023 09:49am

Pakistan reiterates it has completed all requirements for bailout

Finance minister says all international obligations have been addressed in time

Published 13 Apr, 2023 11:16pm

India opens new investigation into BBC in widening crackdown

The tax raids in February had come close on the heels

Published 13 Apr, 2023 02:22pm

Australia cancels Binance’s financial services licence amid probe

Retail investors are entitled to a higher level of regulatory protection

Published 06 Apr, 2023 03:10pm

German banks hit by wave of complaints from savers

It received 15,000 complaints from consumers in Europe’s largest economy

Published 06 Apr, 2023 11:00am

UBS tells investors shotgun Credit Suisse takeover a ‘major challenge’

the first merger of two globally systematically important banks

Published 05 Apr, 2023 02:55pm

Exclusive: Europe’s banks ramp up bespoke loan trades to reduce risk

These “significant risk transfer” (SRT) transactions are not new

Published 05 Apr, 2023 02:51pm

SK Hynix raises $1.7bln in convertible bond as chip slump deepens

the first such deal by the firm since it was acquired by energy

Published 04 Apr, 2023 11:48am

ECB’s De Guindos warns of broad risks in financial sector

The European Central Bank (ECB) is monitoring broad

Published 01 Apr, 2023 03:11pm

Indexes jump on inflation data; Nasdaq posts best quarter since 2020

The S&P 500 closed at its highest level since Feb 15

Published 01 Apr, 2023 02:24pm

China rolls over $2b loan to Pakistan as it struggles with external liquidity

Formal confirmation of refinancing would be made after process was completed, says official

Published 31 Mar, 2023 08:08pm

Sergio Ermotti returns as UBS CEO to steer Credit Suisse takeover

rebuilding the bank after the global financial crisis.

Published 29 Mar, 2023 02:33pm

Even friendly countries’ patience is running thin, says Zubair

Former Sindh governor cites seeking IMF loan for the 23rd is a ‘world record’ for Pakistan

Published 26 Mar, 2023 11:24pm