By Staff Reporter
ISLAMABAD: The party of former prime minister Imran Khan urged the International Monetary Fund (IMF) to withhold any financial assistance to the country until an independent audit into alleged election fraud is completed.
Economy
BofA sees value in Pakistan’s long-dated bonds, cites political stability and IMF progress
By Staff Reporter
KARACHI: The Bank of America Corp (BofA) upgraded its outlook for Pakistan’s dollar bonds, citing reduced political uncertainty and potential credit rating upgrades.
Moody’s sees stable outlook for Pakistan, but urges urgent IMF engagement
By Staff Reporter
KARACHI: Moody’s Investors Service said on Tuesday that it had kept Pakistan’s ratings unchanged at Caa3 with a stable outlook, but warned of material default risks if the country failed to secure timely funding from the International Monetary Fund (IMF) and other partners.
Pakistan rewrites policy incentives to promote green energy
By Staff Reporter
ISLAMABAD: Pakistan’s Petroleum Division has notified an amended policy for its brownfield refineries, offering them fiscal incentives to upgrade their facilities and produce cleaner fuels, according to an official document.
Pakistan moves ahead with Iran gas project, faces arbitration threat
By Staff Reporter
ISLAMABAD: Pakistan has decided to start work on a long-delayed gas pipeline project with Iran, despite the threat of US sanctions and a looming deadline from Tehran to avoid arbitration.
IMF ready to work with new Pakistan govt on economic stability
By Staff Reporter
ISLAMABAD: The International Monetary Fund said on Thursday that it was looking forward to engaging with the new government on policies to ensure “macroeconomic stability and prosperity for all of Pakistan’s citizens,” after the country held a disputed parliamentary election earlier this month.
EX-PM Khan asks IMF to audit election before loan negotiations
By Staff Reporter
ISLAMABAD: Former prime minister Imran Khan urged the International Monetary Fund to demand an independent audit of the country’s disputed Feb. 8 election before resuming talks with the incoming government, his lawyer said.
Pakistan eyes $6 billion fresh IMF loan to avert default after disputed election
News Desk
ISLAMABAD: Pakistan is seeking a new loan of at least $6 billion from the International Monetary Fund to help the incoming government cope with a looming debt crisis, Bloomberg reported on Thursday.
CPPA seeks highest-ever fuel charge hike for electricity consumers
By Staff Reporter
ISLAMABAD: The power purchasing agency has sought a record-high increase in fuel charges for the upcoming electricity bills, citing higher domestic coal and gas prices in January, a move that would hit the already struggling consumers hard.
Internet curbs persist as X users blocked for fifth day
By Staff Reporter
ISLAMABAD: Millions of Pakistanis were still unable to access the popular social media platform X on Wednesday, as the government maintained its internet restrictions amid a political standoff over the disputed general elections.