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.
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.
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.
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.
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.
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.
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.
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.
By Staff Reporter
KARACHI: Pakistan’s current account balance turned negative in January, as a surge in imports outweighed a modest increase in remittances and a slight decline in exports, central bank data showed on Monday.
By Staff Reporter
KARACHI: Pakistan faces a daunting task to secure a new loan from the International Monetary Fund as it grapples with political turmoil after a close election, Fitch Ratings warned on Monday.
