ISLAMABAD: Finance Minister Muhammad Aurangzeb asked China for support in joining the New Development Bank established by the BRICS group, as the South Asian nation pushes for greater access to multilateral financing amid efforts to stabilise its economy.
top-economy
Pakistan deliberately skipped global aid after floods, FM Aurangzeb says
ISLAMABAD: Pakistan opted not to seek international assistance following devastating floods this year, relying instead on its own fiscal resources amid an improved economic backdrop, Finance Minister Muhammad Aurangzeb said.
Pakistan reaches IMF staff-level deal on loans, unlocking $1.2 billion
KARACHI: Pakistan reached a staff-level agreement with the International Monetary Fund (IMF) on its bailout programs, paving the way for the release of $1.2 billion once approved by the lender’s board.
Pakistan expects IMF staff-level deal this week to unlock $1.24 billion tranche
ISLAMABAD: Pakistan is on track to sign a staff-level agreement with the International Monetary Fund this week, Finance Minister Muhammad Aurangzeb said, clearing a hurdle for the release of $1.24 billion in funding from the lender.
Pakistan, IFC discuss Reko Diq financing as FM Aurangzeb pushes for faster project execution
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday held talks with officials from the International Finance Corporation and the Islamic Development Bank aimed at boosting private sector investment and speeding up infrastructure projects, while inviting US firms to invest in key sectors during meetings in Washington.
FM Aurangzeb departs for Washington to push IMF staff-level deal on bailout reviews
ISLAMABAD: Finance Minister Muhammad Aurangzeb departed for Washington to attend the annual meetings of the International Monetary Fund and World Bank, as Islamabad pushes for a quick staff-level agreement on reviews of its $8.4 billion in loans from the lender.
Pakistan edges closer to IMF deal as FM Aurangzeb sees no ‘showstoppers’ in review talks
ISLAMABAD: Finance Minister Muhammad Aurangzeb struck an upbeat note on the country’s push for a staff-level agreement with the International Monetary Fund, describing recent talks as “constructive” and insisting there are no “showstoppers” in the way.
IMF says ‘significant progress’ made toward staff-level deal in Pakistan’s $7 billion bailout review
ISLAMABAD: Pakistan and the International Monetary Fund made significant progress toward a staff-level agreement on the review of a $7 billion bailout program, as the lender weighs the impact of recent floods on the cash-strapped South Asian nation’s economy.
Pakistan revises FY2025 GDP growth Up to 3.04 percent on stronger industry, farming
ISLAMABAD: Pakistan’s economy expanded faster than previously estimated in the fiscal year through June, driven by upward revisions in industrial and agricultural output, according to official data released on Wednesday.
Pakistan growth seen slowing to 2.6 percent as floods hit crops, World Bank says
ISLAMABAD: Pakistan’s economy is forecast to expand 2.6% in the fiscal year through June 2026, little changed from the prior period, as catastrophic floods sap agricultural output and revive inflation pressures, the World Bank said.