Big Relief for Pakistan: ‘Friends in Need’ Roll Over $12bn Debt for One Year
ISLAMABAD: Pakistan has received significant relief from its 'Friends in Need' as China, Saudi Arabia, and the United Arab Emirates (UAE) have agreed to...
Pakistan Witnesses Rise in Exports During FY24 with Decline in Imports: Reports
ISLAMABAD: Pakistan has witnessed a “remarkable” rise in its exports during the current fiscal year following the establishment of the Special Investment Facilitation Council...
‘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...
