By Staff Reporter
ISLAMABAD: Pakistan secured $5.6 billion in additional financing from bilateral and multilateral partners after getting a $3 billion loan from the International Monetary Fund (IMF), the fund’s mission chief said on Friday.
top-latest
PM Sharif to step down in August, sets stage for polls
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif said he will hand over power to a caretaker government in August, paving the way for national elections that could end the political turmoil that has gripped the country since the ouster of his predecessor Imran Khan last year.
IMF bailout secured, $3 billion to flow
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) executive board approved on Wednesday a new $3 billion loan for Pakistan to support its economic stabilization program, and released about $1.2 billion immediately, the IMF and the Pakistani government said.
PM Sharif says government to end on Aug 14, election date up to regulator
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif said on Wednesday his coalition government would complete its term on August 14 and the election regulator would decide whether to hold polls in October or November.
Saudi Arabia deposits $2 billion in Pakistan’s central bank ahead on IMF loan approval
By Staff Reporter
ISLAMABAD: Pakistan received a $2 billion deposit from Saudi Arabia on Tuesday, a day before the International Monetary Fund’s (IMF) board is expected to approve a $3 billion lifeline loan for the country’s struggling economy.
PM Sharif denounces online rumours of assassination plot against army chief
By Staff Reporter
ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif on Sunday slammed a social media campaign that claimed an attempt was made to kill the country’s army chief, General Asim Munir, and vowed to “crush all conspiracies” against the nation and its institutions.
Pakistan approves new investment policy to lure foreign investors
By Staff Reporter
ISLAMABAD: Pakistan has approved a new investment policy for 2023 that aims to attract foreign and domestic investors by offering incentives, easing regulations, and creating special economic zones, the government said.
Former PM Khan to face trial for concealing income from foreign gifts
By Staff Reporter
ISLAMABAD: A court in Islamabad on Saturday ordered former Prime Minister Imran Khan to face trial for allegedly concealing income from gifts he received from foreign governments during his tenure, a lawyer for the complainant said.
IMF seeks Pakistan political parties’ backing for $3 billion bailout
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) is reaching out to Pakistan’s main political parties, including the one led by ousted Prime Minister Imran Khan, to secure their support for a new $3 billion bailout program ahead of national elections.
India snubbed as International court rules it can arbitrate Pakistan’s hydropower dispute
By Staff Reporter
ISLAMABAD: An international court ruled on Thursday that it could hear a dispute between India and Pakistan over two hydropower projects in the Himalayan region of Kashmir, rejecting India’s objections to its competence.