News

NO QUICK END TO CRISIS IN SIGHT

Various possibilities regarding how to bring the economy back on track are being discussed in financial, trade and industry circles, and it is becoming clearer that there may be no short-term remedy for our economic troubles. Instead, there appears to be a growing consensus that the suffering of the common people may continue for a historically much longer period even if the IMF comes to the count

Automakers pass on GST hike to buyers

While continuously increasing the prices on the pretext of rupee devaluation and rising raw material prices, assemblers on Tuesday passed on the impact of one per cent hike in general sales tax to the consumers. Indus Motor Company (IMC) had already raised prices thrice in one month. In the fourth price jump, the company has announced new price of Yaris 1.3 MT, 1.3 CVT, 1.3 H MT, 1.3 H CVT, 1.5

IMF staff-level pact likely this week

With the implementation of all major prior actions, Pakistan is eyeing a staff-level agreement with the International Monetary Fund (IMF) this week which will also pave the way for much-awaited credit flows from other bilateral and multilateral lenders. A day after the passing of the Supplementary Finance Bill 2023 in the National Assembly, the top economic team of the PMLN-led coalition govern

Shares drop 445 points on uncertainty over IMF deal

Shares at the Pakistan Stock Exchange (PSX) opened the week in the red, with analysts attributing the slump to uncertainty over an agreement with the International Monetary Fund (IMF). The benchmark KSE-100 index lost 444.97 points, or 1.08 per cent, to close at 40,673.64 points. It reached an intraday low of 494.64 points, or 1.2pc, around 3:27pm. Aba Ali Habib Securities’ Head of Research

Don’t blame the Chinese

AN exam question for CSS aspirants: what’s higher than the Himalayas, deeper than the seas, stronger than steel, and sweeter than honey? Well, dear candidate, any hesitation suggests your patriotism level needs checking in Rawalpindi or Aabpara. Every flag-waving Pakistani knows Pak-China friendship is the only answer. Next, what makes CPEC a game changer? Obvious! New industries will sprout, e