A labourer pulls a cart loaded with supplies to deliver to a nearby market in Karachi on May 24, 2023. — ReutersThe government has finally constituted the 11th National Finance Commission to come up with a new NFC Award to replace the 7th NFC Award, which was agreed to in May of…
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Pakistan secures foreign loans worth $12.4bn in FY25, up $2.6bn
A person counts dollar notes in this illustrative image taken on May 30, 2022. — ReutersForeign loan inflows to Pakistan rise $2.6bn in FY25.Foreign commercial loans stood at $4.297 billion in FY25.Saudi Oil, ADB loans push Pakistan’s FY25 borrowing to $12.4bn.
Iranian oil flows through Strait of Hormuz even as Gulf neighbours’ exports shut
Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in the United Arab Emirates, March 11, 2026. — Reuters
Iranian crude oil has continued to flow…
Moody’s changes Pakistan banking outlook to stable from positive
Signage is seen outside the Moody’s Corporation headquarters in Manhattan, New York, US, November 12, 2021. — ReutersOperating environment improving, but only gradually.Asset quality and profitability challenges remain.Banks’ performance seen stable over 12-18 months.
Moody’s…