Business

Early elections only way to save economy

Only leadership with political capital can rescue economy from the abyss April 18, 2022 Investors next week will be watching data on US inflation, due out on Thursday. photo: reuters ISLAMABAD:The world economy is on the verge of another recession due to skyrocketing global commodity prices. Heavy import-dependent economies including …

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Rupee strengthens against dollar

SBP has injected $1.2 billion into the inter-bank market to defend the rupee in the ongoing fiscal year April 16, 2022 A thousand rupee note. PHOTO: FILE KARACHI:The rupee strengthened against the US dollar at Rs181.58 in the inter-bank market on Friday compared with Thursday’s close of Rs181.69, according to …

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Budget: make-or-break moment

Debt management a crucial issue particularly amount due in short term April 18, 2022 Quality of debt and fiscal policy statements has been greatly compromised since the budget wing took over the job of publication from the Debt Policy Office. photo: file ISLAMABAD:By the time this article is printed, most …

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Exchange rate very critical under IMF

EXCHANGE rates are extremely vital for economies under the influence of the International Monetary Fund (IMF). However, the pertinent question is: why and in what manner? Numerous factors contribute to this, including exchange rates, which are a cost to businesses because they are incurred when a commission is paid on …

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Exchange rate still in grip of uncertainty

Falling SBP reserves and rising import bill sending negative signals to currency market. —AFP file photo KARACHI: Currency experts and dealers say the exchange rate is still under a strong grip of political and economic uncertainty, even after one of the quickest recoveries in the past week. The rupee has …

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