By Mohammad Ali
ISLAMABAD: Pakistan has until August 11 to raise USD 4 billion in financing from other sources before the executive board of the International Monetary Fund (IMF) can consider revival of a stalled multibillion-dollar bailout program for the country, Independent Pakistan can report.
By Staff Reporter
ISLAMABAD: While the economic repercussions of Pakistan’s developing political situation are yet to materialise, recent reports from two of the world’s top credit rating agencies show how the country’s internal politics figures in their calculus.
By Staff Reporter
KARACHI: Money sent home by Pakistanis living abroad rose 6.1 percent in the last fiscal year of 2021-22 to $31.2 billion, the central bank said on Monday, setting a new annual record and cushioning the weakening rupee.
By Aoun Hussain
ISLAMABAD: Clearly buoyed by his success in clinching a staff-level accord with the International Monetary Fund (IMF) for the revival of a stalled Fund bailout, Minister for Finance Miftah Ismail Saturday proclaimed at a media conference here that Pakistan had successfully averted default.
By Aoun Hussain
ISLAMABAD: The World Bank has approved a USD 200 million loan to help transform the agriculture sector of Pakistan’s food basket Punjab province.
By Staff Reporter
KARACHI: The International Monetary Fund (IMF) said two tranches under bailout facility, totalling $1.7 billion, are expected to release to Pakistan within six weeks on approval from its board.
By Staff Reporter
ISLAMABAD: The government on Thursday cut fuel prices to give relief to inflation-hit consumers as global oil prices fall, the prime minister said.
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement on the seventh and eight reviews of the Fund’s $ billion bailout programme that will allow for a disbursement of $1.177 billion, the IMF said on Wednesday.
By Naveed Naqvi
ISLAMABAD: Pressing for better margins on retail sale of fossil fuels, the Pakistan Petroleum Dealers Association (PPDA) has threatened to close petrol pumps across the country in protest from July 18.
By Naveed Naqvi
ISLAMABAD: The Federal Investigation Agency (FIA) has arrested Pakistan Petroleum Limited (PPL) Deputy Managing Director Abid Malik and is conducting raids to arrest several others including a former managing director of the state-owned company on charges of bilking the company for millions of dollars, Independent Pakistan can report.
