UK consumer borrowing surged in November, marking the largest increase in two years, according to Bank of England data ...

Commercial banks have received a lukewarm response from the public to the government's recently relaunched housing finance scheme, largely due to the limited size of financing on offer compared to ...

Hundreds of Christians celebrate Christmas on the streets of Karachi, with people dancing, riding camels and dressing up as Santa Claus. Christians are a minority in the South Asian country, making up ...

The World Bank has approved $700 million in fresh financing for Pakistan to bolster macroeconomic stability and enhance public service delivery. This funding, part of a larger $1.35 billion program, ...

ISLAMABAD: Pakistan on Wednesday sought substantive additional debt from the Asian Development Bank (ADB) to payoff remaining Rs1.7 trillion circular debt and refinance part of recently acquired ...

The International Monetary Fund (IMF) has imposed 11 strict new conditions for Pakistan to access its loans, aimed at tackling corruption risks, curbing elite control of the sugar sector, and ...

Pakistan on Tuesday welcomed the release of a further $1.2 billion in loans from the International Monetary Fund to help its economic recovery and reforms programme, calling it evidence of "hard work" ...

Pakistan faces a severe loan recovery crisis as banks struggle to collect bad loans due to slow courts and weak enforcement. Private banks avoid lending to the real economy because defaults drag on ...

ISLAMABAD – Pakistan’s banks are increasingly reluctant to lend to the private sector, and a closer look at the country’s non-performing loans (NPLs) reveals why. Despite appearing financially stable, ...

The IMF will meet on December 8 to approve a $1.2 billion loan to Pakistan. This includes $1 billion under the Extended Fund Facility and $200 million under the Resilience and Sustainability Facility.

ISLAMABAD — Pakistan banned a hard-line Islamist party on Thursday, more than a week after heated clashes with police that left at least five people dead. The ban follows a march by the party, Tehreek ...