By Staff Reporter
ISLAMABAD: The government plans to privatize the loss-making Pakistan International Airlines (PIA) have hit another snag, with the government delaying the sale for a third time, as it struggles to address concerns of potential bidders and meet IMF loan conditions.
By Staff Reporter
ISLAMABAD: Pakistan’s inflation rate is poised to remain within a range of 8 percent to 9 percent in September and October, building on a recovery that’s gaining traction, the finance ministry said on Friday.
By Staff Reporter
KARACHI: Pakistan received $1.0269 billion on Friday, the first tranche of a $7 billion International Monetary Fund (IMF) bailout, after the lender’s Executive Board approved a 37-month Extended Fund Facility (EFF) to bolster the country’s fragile economy.
By Staff Reporter
KARACHI: Pakistan’s economy faces significant risks, with “formidable” vulnerabilities and structural challenges threatening growth, the International Monetary Fund (IMF) warned.
By Staff Reporter
ISLAMABAD: Pakistan’s external financing dropped 78 percent to $714.74 million in the first two months of the fiscal year, down from $3.206 billion a year earlier, as the nation struggles to stabilize its economy.
KARACHI: The International Monetary Fund’s Executive Board on Wednesday approved a $7 billion loan package for Pakistan, providing a vital lifeline to the nation’s struggling economy.
By Staff Reporter
ISLAMABAD: Pakistan’s economy grew 2.4 percent in the last fiscal year and is expected to expand 2.8 percent in the current financial year, the Asian Development Bank (ADB) said on Wednesday, but warned sustained growth hinges on continued economic reforms.
By Staff Reporter
KARACHI: Finance Minister Muhammad Aurangzeb on Tuesday expressed optimism about the International Monetary Fund’s (IMF) approval of a $7 billion, 37-month program, ahead of the IMF board meeting on Wednesday.
By Staff Reporter
KARACHI: WhatsApp and Instagram users in Pakistan reported outages on Saturday, while interruptions in internet services provided by Zong and PTCL were also reported, according to outage tracking website Downdetector.
By Staff Reporter
ISLAMABAD: The government said on Friday it will auction off the country’s national carrier, Pakistan International Airlines (PIA), on Oct. 1, as part of a broader push to privatize state-owned enterprises and shore up public finances.
