Monitoring Desk
ISLAMABAD: The International Monetary Fund (IMF) said Pakistan has a few more tasks before it can unlock a $6.5 billion loan to avoid a default, putting pressure on the government to secure assurances from countries that have promised financing support, Bloomberg reported on Tuesday.
By Staff Reporter
ISLAMABAD: Pakistan will get another $1.3 billion from all-weather ally China to shore up its fast-depleting forex reserves, Finance Minister Ishaq Dar said on Friday, days after the country received $700 million from Beijing.
By Monitoring Desk
Bondholders are bracing for a potential default by Pakistan as the beleaguered nation faces billions of dollars in debt repayments that it will struggle to make good on without a bailout from the IMF or rollovers from bilateral creditors.
By Naveed Naqvi
ISLAMABAD: Sheikh Rashid Ahmed, former interior minister and a close ally of Imran Khan was arrested in the early hours of Thursday, officials said.
By Staff Reporter
ISLAMABAD: A court on Wednesday granted bail to senior Pakistan Tehreek-e-Insaf (PTI) leader Fawad Chaudhry in a sedition case and ordered his release.
By Staff Reporter
ISLAMABAD: A local court on Tuesday said it will charge former prime minister Imran Khan in the Toshakhana case on February 7.
By Staff Reporter
ISLAMABAD: The chances of Pakistan doing a deal with the International Monetary Fund have grown since a meeting in Islamabad due this week, Prime Minister Shehbaz Sharif said on Friday, adding that measures needed to pull the economy out of the unparalleled crisis are likely to bring even more pain.
By Staff Reporter
ISLAMABAD: Eni said the delivery of a liquefied natural gas (LNG) cargo to Pakistan LNG Limited that was scheduled for February has been disrupted due to an event of force majeure.
By Naveed Naqvi
ISLAMABAD: The Election Commission of Pakistan (ECP) on Sunday appointed Syed Mohsin Raza Naqvi as the caretaker chief minister of Punjab province after a bi-partisan parliamentary committee failed to reach a consensus on the candidate within the stipulated time.
By Staff Reporter
KARACHI: Pakistan’s current account (C/A) deficit narrowed sharply in the first half of the current fiscal year amid dollar shortages in the country to fund imports of goods, central bank data showed on Wednesday.
