The prospects of the economy generating the resources to discharge the obligations that must be defrayed soon do not look good. It could transmute into a declaration of default.
A crucial IMF package, commitment to fiscal discipline & historic corporate profits meant investors in KSE-100 index would’ve earned far higher returns than from investing in Sensex.
Lacking even the meagre comfort of an after-dinner cognac to calm their nerves, the assembled billionaires listened silently as their guest’s rage washed over the gathering....
Most have applauded the announcement of privatisation. One user sarcastically tweeted to give PIA to the army, 'they are looking to occupy everything that Pakistan has'.
On Wednesday, Pakistan’s central bank received $1.2 billion from International Monetary Fund as the first tranche of a $3 billion bailout to stabilise the economy.
Saudi Arabia pledged the money and then waited for the aid package from the International Monetary Fund to go ahead before depositing it with the State Bank of Pakistan.
Over the last year, the cost of wheat flour in Pakistan increased by a whopping 120%, coinciding with inflation which touched an all-time high of 46.7%.
Bangladeshi Hindu leaders are either in jail or in hiding. And some journalists who tried to report their continued persecution have either lost their jobs or mysteriously died.
Gurugram: Stirring a storm in Haryana's real estate circles, the Haryana Shehri Vikas Pradhikaran (HSVP)—the state's urban development agency—has taken on the role of...
Of the 40 Tejas Mk-1 aircraft ordered—comprising 16 IOC single-seaters, 16 FOC single-seaters & 8 twin-seat trainers—IAF has received 38 with two trainers yet to be delivered.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
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