Lint trading picks up

Courtesy Dawn News KARACHI: Trading on the cotton market improved as needy spinners rushed back to replenish their stocks on Tuesday. However, buying pattern was more of short-term covering than building up of stocks. Market sources said that as the current season is drawing to a close, spinners are engaged in short-term requirements. The reports…

IMF wants Pakistan to curtail development spending by Rs360bn

Courtesy Dawn News ISLAMABAD: The International Monetary Fund expects Pakistan to curtail its overall development budget by Rs360 billion (almost 24pc) of allocations to limit the fiscal deficit. According to documents released over the weekend after approval of Pakistan’s 10th quarterly review by its executive board, the IMF expected the government to limit its overall…