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Economy

Vulnerabilities in external and fiscal deficit persists

The Biz Update5 years ago04 mins

Karachi, July 15, 2019: While Pakistan’s economy moved along the stabilization phase led by demand management policies, vulnerabilities in the external and fiscal sectors persisted during Jul-Mar FY19, according to the State Bank of Pakistan’s Third Quarterly Report on the State of Pakistan’s Economy released today. This implies that the current stabilization agenda needs to…

Pakistan

Gov’t retires record external debt of $9.5bn in a year: Hammad

The Biz Update5 years ago02 mins

Responding to the opposition’s claim of obtaining domestic loans worth Rs 7000 billion or Rs 10,000 billion during the first year of PTI government, Hammad Azhar said the figures were highly exaggerated. Islamabad, June 28, 2019: Minister of State for Revenue Hammad Azhar said on Friday that the Pakistan Tehreek-i-Insaaf (PTI) led government had retired…