ISLAMABAD: Moody’s Investors Service on Tuesday kept Pakistan’s ratings unchanged at ‘Caa3’ with a stable outlook but highlighted that significantly high risks of liquidity and external vulnerability challenges following highly controversial elections, severely constrained decision-making capacity of the coalition government-in-waiting. The international rating agency — one of the top three glo
ISLAMABAD: In a letter to the International Monetary Fund (IMF), the PTI has urged the lender to endorse an audit of the 2024 elections for the sake of political stability in the country, before entering into a dialogue with Islamabad for a new bailout package. This was disclosed during a press conference addressed by PTI leaders Barrister Gohar Ali Khan, Omar Ayub, Meher Bano Qureshi, and Muza
KARACHI: The anxiety among businessmen is yet to subside after the elections, as they believe that only a significant drop in power, gas, and interest rates can revive economic activities and attract investors, making the working environment less tense and challenging. CEO of the Pakistan Business Council (PBC), Ehsan Malik, emphasised that a faltering economy demands astute management and cann
KARACHI: The financial market dealing with foreign exchange is tense on reports about the expected higher dollar outflows. Sources in the financial sector not willing to be quoted said the State Bank of Pakistan (SBP) is currently burdened with arranging $1.8 billion for repayment of a Chinese loan due in March. “The Ministry of Finance has yet not provided local currency equivalent to $1.8b
ISLAMABAD: A four-member independent inquiry committee on ‘Abject Failure — Illegal Overbilling’ confirmed the power regulator’s overcharging allegations against all the distribution companies (Discos) across the country but absolved them of ‘deliberate and mala fide’ fleecing while shifting some blame on to the then PDM-led coalition government’s decision-making. All the members of the inquiry