Pakistan’s Finance Minister, Ishaq Dar, announced on Saturday that he had cancelled his scheduled trip to attend the spring meetings of the International Monetary Fund and World Bank in Washington. This decision was made on the orders of the Prime Minister, due to the current political situation in the country. Despite not attending in person, […]
Sources have informed The News that Pakistan State Oil (PSO) and the State Bank of Pakistan (SBP) are collaborating on establishing banking channel arrangements for the import of crude oil from Russia. According to sources, the government aims to commence the import of crude oil from Russia by the end of April. State Minister for […]
On Thursday, the government of Pakistan announced that Saudi Arabia has conveyed its commitment to the International Monetary Fund (IMF) for providing bilateral financial support to Pakistan. The government is hopeful that this assurance from Saudi Arabia, along with a similar commitment from the United Arab Emirates or any other source, will help in finalizing […]
Pakistan’s Finance Minister Ishaq Dar is scheduled to lead a high-level delegation to the United States to attend the annual spring meeting of the International Monetary Fund (IMF) and the World Bank. The primary objective of the delegation is to negotiate a $1.1 billion bailout for Pakistan with the IMF and present fresh proposals for […]
Pakistan has obtained a loan tranche from China of $500 million that will assist the government shore up its depleting foreign trade reserves as the administration fights a lasting financial problem. Finance Minister Ishaq Dar substantiated the permit of the $500m by the State Bank of Pakistan from the Chinese Industrial and Commercial Bank of […]
Ex finance minister Dr Miftah Ismail instructed against any sort of deficit restructuring, cautioning that such an endeavor will have far-reaching repercussions on Pakistan’s economizing, already staggering from one of its nastiest emergency in past. “The cons outweigh the pros,” Ismail told during a consultation in Karachi. “It has put up with a while for governments […]
The Administration of Pakistan on Wednesday increased the expense of petrol by Rs5 per litre before ramzan furthermore burdening the inflation-weary public. The Finance Division, in its fortnight publication, gave credit for the expense stroll to the separation of Pakistani Ruppee against the US dollar and an accumulation in the costs recorded by Platts Singapore. “Accordingly the […]
The political condition in Pakistan has evolved to an aspect in delaying a contract with International Monetary Fund that may stabilise the federal economy, tactful references. Quotations say that multinational lenders, especially the IMF, are striving confirmations from Pakistan that the destiny political format in the government will esteem any contract they indication with Islamabad. […]
A US bank let out that China can salvage problem-hit Pakistan because of its culmination relations with the nation, while the International Monetary Fund and Pakistan are still in difficult negotiations on economic assistance for comeback, according to an announcement. As China and Pakistan have tight relations, the longing is increasing for China to furnish a […]
An arrangement would terminate $1.1 billion, which critics declare is crucial if Pakistan is to evade defaulting on outward deficit responsibilities. Pakistan has apparently been on the point of signing the largely-anticipated staff-level arrangement with the International Monetary Fund for several weeks now, but the arrival week may notice the finance minister “finish the contract”, […]