Pakistan assets rally amid bets for IMF bailout this month

Passersby walk past an advertisement board with photos of the Pakistani rupee at a money exchange along a sidewalk in Karachi, Pakistan, on June 11, 2018. (REUTERS/File)
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Updated 17 August 2022

Pakistan assets rally amid bets for IMF bailout this month

August 16: Bloomberg has reported that Pakistan’s rupee, bonds and stocks are rallying as investors bet the nation will win a bailout from the International Monetary Fund this month and avoid a default. Read more I 


These bamboo shelters are empowering communities displaced by Pakistan's floods

Updated 30 September 2022

These bamboo shelters are empowering communities displaced by Pakistan's floods

September 30: CNN reported Pakistan's "never-before-seen" floods have affected 33 million people, many of whom are still seeking safe refuge after record monsoon rains damaged or destroyed more than a million homes. The summer's catastrophic flooding, which was exacerbated by melting glaciers, has submerged one-third of the country, with authorities saying it could take up to six months for the water to recede. Read more I 


Pakistan has a vision for baseball success

Updated 30 September 2022

Pakistan has a vision for baseball success

September 30: MLB reported that in a way, Syed Fakhar Ali Shah has been preparing for this his entire life. The current manager of Team Pakistan's Baseball Team and the head of its baseball federation, Shah was there as a young child at the first ever Pakistan Baseball Federation event in 1992. Read more I 


No ‘debt swap’ talks with Beijing yet, says Bilawal

Updated 30 September 2022

No ‘debt swap’ talks with Beijing yet, says Bilawal

September 30: Dawn reported Foreign Minister Bilawal Bhutto-Zardari said on Thursday that Islamabad had so far not requested a restructuring, deferment or swap of debt owed to China in the wake of the catastrophic floods that hit the country. Read more I 


Railways faces fuel crisis as trains grind to halt

Updated 30 September 2022

Railways faces fuel crisis as trains grind to halt

September 30: The Express Tribune reported a chronic fuel crisis has started rearing its head in the Pakistan Railways (PR) owing to multiple reasons, including lack of revenue, as the state entity continues to take another beating in terms of finances in the wake of floods. Read more I 


Petrol price in Pakistan expected to decrease by over Rs7/litre

Updated 30 September 2022

Petrol price in Pakistan expected to decrease by over Rs7/litre

September 30: GEO News reported the price of petrol in Pakistan may decrease by Rs7.24 per litre and diesel by Rs16.61 per litre in the next fortnightly review if the government passes on the impact of the retreating global market by not raising taxation, latest news about the rates suggest. Read more I