Islamabad [Pakistan], September 24 (ANI): Amid the unprecedented economic crisis in Pakistan, Net Foreign Direct Investment (FDI) in the country fell 26.1 pc during the first two months of the ongoing fiscal year (FY23), clocking in at just USD 169.5 million, media reports said citing the State Bank of Pakistan (SBP) data released on Wednesday.
Islamabad [Pakistan], August 1 (ANI): Citing power shortages in Pakistan amid rising coal prices as well as to contain inflation, "all-weather" friend China proposed the use of Renminbi (RMB) in the Port Qasim coal-fired power plant to buy coal to release pressure on the dollar.
Islamabad [Pakistan], July 31 (ANI): Officers of the Foreign Office (FO) threatened to go on strike over the imposition of income tax on their foreign allowance.
Islamabad [Pakistan], July 31 (ANI): The Pakistani currency depreciated by 14.5 per cent against the US dollar, registering its worst month in over 50 years as the country continues to struggle with high import payments, depleting foreign exchange reserves, and political uncertainty.
Islamabad [Pakistan], July 13 (ANI): Airlift Technologies, which offers instant delivery service and the poster child of Pakistan's startup announced that it is shutting down operations permanently.
Islamabad [Pakistan], May 30 (ANI): After the Chinese firms involved in China-Pakistan Economic Corridor (CPEC) warned of shutting down their projects in the country due to an increase in fuel prices, Prime Minister Shehbaz Sharif is proactively engaged in the resolution of issues.
Islamabad [Pakistan], May 26 (ANI): The talks between Pakistan and the International Monetary Fund (IMF) for the 7th review under the USD 6 billion Extended Fund Facility (EFF) programme were delayed as they didn't reach any staff-level agreement.
Islamabad [Pakistan], May 26 (ANI): The year-on-year Foreign Direct Investment data draws a sharp contrast between India's highest ever FDI of USD 83.57 billion for the current year with Pakistan's 2022 flat foreign investment inflows.