By Staff Reporter
KARACHI: Pakistan’s current account surplus surged to its highest level since 2015, providing a rare bright spot for the struggling economy as it seeks a new bailout from the International Monetary Fund.
Macro
IMF board to review Pakistan’s final $1.1 billion loan tranche on April 29
By Staff Reporter
ISLAMABAD: The International Monetary Fund’s (IMF) Executive Board will meet on April 29 to finalise its last review of Pakistan’s $3 billion Stand-By Arrangement (SBA), despite the country’s absence from the Fund’s public calendar.
Pakistan to finalise PIA privatisation by July, Islamabad airport next in line
By Staff Reporter
ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Saturday that the process of privatising Pakistan International Airlines (PIA) will be finalized by the end of June or early July, with Islamabad airport potentially following suit shortly after, Dawn newspaper reported.
IMF predicts 2 percent growth rebound for Pakistan
By Staff Reporter
KARACHI: The International Monetary Fund (IMF) has forecast a 2 percent GDP growth for Pakistan in the current fiscal year, marking a recovery from the previous year’s -0.2 percent downturn.
Saudi foreign minister commits to boosting economic ties with Pakistan
By Staff Reporter
ISLAMABAD: Saudi Foreign Minister Faisal bin Farhan Al Saud on Tuesday pledged to enhance economic collaboration with Pakistan, saying “very, very positive” investment-focused discussions were held during his recent visit to Islamabad.
FM Aurangzeb emphasises action over advice for economic progress
Monitoring Desk
ISLAMABAD: Finance Minister Muhammad Aurangzeb, speaking at the Atlantic Council in Washington, D.C., emphasized the importance of implementing current strategies over gathering policy advice to achieve economic stability, Dawn newspaper reported on Tuesday.
Petrol hits Rs293.94/litre, diesel at Rs290.38
By Staff Reporter
ISLAMABAD: The government has raised fuel prices by 1.57 percent for petrol and 2.88 percent for high-speed diesel (HSD), effective until April 30, amidst fluctuations in the international oil market.
Saudi delegation arrives in Pakistan to strengthen economic ties
By Staff Reporter
ISLAMABAD: A high-level delegation from Saudi Arabia, led by Foreign Minister Prince Faisal bin Farhan bin Abdullah, arrived in Pakistan on Monday for a two-day visit aimed at enhancing economic cooperation between the two nations.
State Bank of Pakistan repays $1 billion Eurobond
By Staff Reporter
KARACHI: The State Bank of Pakistan (SBP) has successfully repaid a $1 billion Eurobond, it said on Saturday, amid efforts to secure a new long-term bailout from the International Monetary Fund (IMF) to stabilize its economy and manage external financing needs.
Georgieva signals new IMF-Pakistan program to tackle ‘important issues’
By Monitoring Desk
KARACHI: The International Monetary Fund (IMF) and Pakistan are currently in talks regarding a potential follow-up program to the existing nine-month, $3 billion stand-by arrangement, IMF Managing Director Kristalina Georgieva said on Thursday.