PSX Plummets After Reaching Record High of 73,000, KSE-100 Loses 1,047.71 Points
Karachi: The KSE-100 index at the Pakistan Stock Exchange (PSX) plummeted by 1.44%, losing 1,047.71 points, to close at 71,695.03 on Monday, just hours after...
financial crisis
Imran Khan Writes Letter to IMF, Urging Election Audit Before Giving New Loan
by TNT Desk
Islamabad: Imran Khan, the founder of Pakistan Tehreek-e-Insaf (PTI), revealed on Friday that he has penned a letter to the International Monetary Fund (IMF), urging...
Pakistan came out of financial crisis: Governor SBP
by TNT Desk
KARACHI: Governor of the State Bank of Pakistan Tariq Bajwa has said that the country has successfully come out of the financial crisis it was...
Greek Banks reopen after three weeks
ATHENS: Long queues outside Greek banks re-appeared Monday morning as the banks of the crisis-hit-country reopened after a shut-down of three weeks....
Financial crisis: Pakistan Steel Mill fails to provide salaries to employees
KARACHI: Employees of Pakistan Steel Mill (PSM) have not received salary for four months due to financial crisis in the institution....
No funds for camp, PHF faces severe financial crisis
by Faheem Patel
Lahore: Four times world champion, Pakistan now unable to manage a camp for international tours due to shortage of funds as it has only 6...
Luxembourg ready to revise bank secrecy: minister
by AFP
Berlin: Luxembourg is prepared to lift the lid slightly on its controversial bank secrecy in an effort to help curb tax evasion by foreign depositors,...
China’s economy slows further, but bottom seen
by AFP
Beijing: China said Thursday its economy grew 7.4 percent in the third quarter, easing for a seventh straight quarter, but the government and analysts said...
Fiscal policy should be ‘growth friendly’: IMF body
by AFP
Tokyo: The world economy needs to balance austerity with growth if it is to recover properly from the global financial crisis, a key IMF committee...
Spain PM denies bailout call ‘imminent’
by AFP
Madrid: Spanish Prime Minister Mariano Rajoy has denied the country was planning an “imminent” demand for a sovereign bailout from the eurozone to end its...