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business

ADB to give $3.4 billion in budgetary support: Shaikh

ISLAMABAD: The Asian Development Bank is keen to provide balance of payment financing to support Pakistan’s structural reform agenda. ADB Director General Werner Leipach and Country Director ADB, Ms Xiaohong Yang called on Adviser to the…

Pakistan records slower economic growth

ISLAMABAD: Prime Minister's Adviser on Finance Dr Abdul Hafeez Shaikh on Monday unveiled the pre-budget document "Economic Survey 2018-19'' to highlight key economic indicators and performance of different sectors of the economy. Shaikh…

Policy rate increased by 150 bps to 12.25%: SBP

KARACHI: The State Bank of Pakistan raised its key interest rate by 150 basis points to 12.25 percent on Monday over inflationary pressures, a high fiscal deficit, and recent exchange rate depreciation. "Taking into account the above…