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Fitch takes Pakistan’s debt rating down a notch

One of the three major global rating agencies, Fitch, has downgraded Pakistan’s debt rating from a B to B-, Reuters reported on Friday. Low reserves, elevated debt repayments and a weakening fiscal position are some of the reasons cited by the agency for the fall in rating. The credit agency ...

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We can never be free, if we continue to beg: PM Khan

A society can never move forward if the creation of wealth is treated as a crime. Prime Minister Imran Khan was addressing the Pakistan Economic Forum in Islamabad on Thursday. “A country can never be free if it’s always asking for aid,” he said. Emphasising on his aim from day ...

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Who will manage the smart operations of Peshawar BRT?

Countless commuters use Peshawar’s roads every day and a smart transport system is essential to managing the traffic load efficiently. The Khyber Pakhtunkhwa government has finalised a vendor for the operation of an intelligent transport system for the Peshawar Bus Rapid Transit. The decision was taken by the Board of ...

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Only a tenth of Pakistan foreign debt owed to Beijing: Umar

PHOTO: PID One question that has long bothered the Pakistani public and the US is the lack of transparency around the terms and conditions for investments and loans Beijing has pledged to Islamabad as part of its Belt and Road Initiative flagship project: the China-Pakistan Economic Corridor (CPEC).  The question has ...

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Work on Karachi’s Malir Expressway to start in July

Residents of Karachi spend a great deal of their day on the road stuck in traffic jams. In a meeting to review progress on the ambitious Malir Expressway project, Sindh Chief Minister Murad Ali Shah directed the planning and development department to start work on the expressway from next July. ...

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Imported Nutella, cereal, fries, cheese running out in Karachi

Photo: AFP Been to your supermarket recently and not found your favorite nutella spread? You are not alone. Many consumers have told Samaa Digital that they were unable to find imported food items such as cereals, cheese, fries and their favorite chocolates because stores across Karachi are short of these imported items. ...

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