‘PTI Paid Heavy Interest on IMF Loans, PPP Remains Top Borrower Followed by PML-N’
ISLAMABAD: Previous regime of Imran Khan-led Pakistan Tehreek-e-Insaf (PTI), during its tenure (2018-2022) paid the highest interest on its loans to the International Monetary...
Credit Rating of Pakistan Upgraded to ‘CCC+’ by Fitch
ISLAMABAD: Fitch Ratings upgraded Pakistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) from 'CCC' to 'CCC+' on Monday.
This upgrade reflects an improvement in Pakistan's external...
China Pledges Support for Pakistan in IMF Approval Process: Aurangzeb
ISLAMABAD: Finance Minister Muhammad Aurangzeb announced on Sunday that China has pledged its support for Pakistan in securing the approval of the International Monetary...
Finance Czar Hopes IMF to Approve Staff-Level Agreement in August
ISLAMABAD: Finance Minister Senator Mohammad Aurangzeb has expressed high hopes with upcoming Board Meeting of the International Monetary Fund (IMF) saying in August the...
Pakistan’s Foreign Exchange Reserves Hit 19-month High at $14.7 Billion
KARACHI: Pakistan's foreign exchange reserves have reached a 19-month high at $ 14.7 billion, said the spokesperson of State Bank of Pakistan (SBP).
The Central...
Government Increases Petrol Prices by Rs9.99 per Litre for Next Fortnight
ISLAMABAD: The Federal Government has raised the petrol price in the country by Rs9.99 per litre for the next fortnight, effective from July 16,...
Pakistan, IMF Clinch Staff-Level Agreement on $7bn Bailout Deal
WASHINGTON: Cash-strapped Pakistan has achieved a significant milestone by reaching a staff-level agreement with the International Monetary Fund (IMF) for a three-year, $7 billion...
Pakistan, Azerbaijan Agree to Expand Investment Volume upto $2bn
ISLAMABAD: Pakistan and Azerbaijan have reached to an agreement to enhance the bilateral investment level of up to $2 billion in areas of mutual...
Local, Foreign Petroleum Firms Announce $5 Billion Investment in Pakistan
ISLAMABAD: The Local and Foreign petroleum and gas exploration and production companies have announced the investment of five billion dollar in Pakistan in a...
Another current of Rs3.32/pu by NEPRA for consumers
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has given another power shock to consumers by increasing the electricity tariff by Rs 3.32 per...
