An oil and gas industry worker walks during operations of a drilling rig at Zhetybay field in the Mangystau region, Kazakhstan, November 13, 2023. — ReutersBrent crude falls back below $100 a barrel.Islamabad gearing up for second round of US-Iran talks.Sentiment also lifted as…
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Dollar slide raises new risks for Pakistan’s external debt burden
The representational image shows US dollars. — AFP/FileDollar weakness could inflate debt-to-GDP ratio quickly.Loans dominate debt mix, with 56% multilateral or bilateral.External debt rose in June, dipped by September.
ISLAMABAD: As the US dollar risks weakening against other major…
Govt cuts petrol price by Rs4, diesel Rs2 per litre
A representational image of a man holding a fuel nozzle at a petrol station. — AFP/FilePrice of petrol has been reduced to Rs373.78.High-speed diesel price comes down to Rs378.78.Govt reviewing petroleum prices on weekly basis.
ISLAMABAD: The federal government has slashed the…
IMF foresees tax shortfall of Rs400bn as Pakistan seeks revised growth target
This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund in Washington, DC. — AFPPakistan, IMF discuss tweaks in macroeconomic framework.Islamabad requests lender to revise GDP forecast to 3.5%.Regional escalation to cause strain…