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US wants to see Pakistan ‘economically sustainable’ | The Express Tribune

WASHINGTON: The United States wants to see Pakistan in an ‘economically sustainable’ position, US State Department spokesperson Ned Price said during a press briefing on Wednesday. The spokesperson was asked if the US was paying any attention to Pakistan after it had less than $5 billion left in its foreign exchange reserves or if it […]

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PSX slumps over 3.4% due to economic, political uncertainty | The Express Tribune

KARACHI: The Pakistan Stock Exchange (PSX) slumped over 3.4%, approximately 1,348 points, and hit a two-year low at around 38,900 points on Tuesday. The market maintained a steep downward trend for the second consecutive day due to the rise in political temperatures and the melting down of the country’s economy. “The market has dropped in the

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WB diverts $615m for flood-relief work | The Express Tribune

The World Bank has diverted $615 million from ongoing slow moving projects towards rehabilitation and reconstruction of the flood-affected areas, which Pakistan was unable to use due to multiple issues hindering implementation on these schemes. The Washington-based lender had informed the Climate Resilient Pakistan Conference, Geneva, this week that it would contribute $2 billion towards

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