By Staff Reporter
ISLAMABAD: Finance Minister Ishaq Dar said on Thursday that the new elected government should negotiate a fresh deal with the International Monetary Fund (IMF) after the current programme ends in June.
Latest
IMF sets three conditions for Pakistan to release stuck up funds
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) said on Thursday Pakistan must meet three conditions before its board can review whether to release at least some of the $2.5 billion still pending under a lending program expiring this month.
Pakistan to raise $2bn in bonds amid IMF uncertainty
By Staff Reporter
ISLAMABAD: Pakistan plans to raise $2 billion by issuing international bonds in the next fiscal year, as it seeks to secure over $22 billion in foreign loans amid uncertainty over its International Monetary Fund (IMF) programme.
Military vows to tighten noose around planners of May 9 violence
By Staff Reporter
ISLAMABAD: Pakistan’s top military brass vowed on Wednesday to tighten the “noose of law” around the “planners and masterminds” of the May 9 violence that erupted after the arrest of former prime minister Imran Khan.
World Bank forecasts for 2pc growth in Pakistan’s economy in FY24 fall short of govt’s target
By Staff Reporter
KARACHI: Pakistan’s economy is expected to grow by 2 percent in the next fiscal year, well below the government’s target of 3.5 percent, as the country struggles with the lasting effects of last year’s floods, high inflation and policy uncertainty, the World Bank said on Tuesday.
NEC approves 8 pm shop closure to save energy, traders oppose
By Staff Reporter
ISLAMABAD: The National Economic Council (NEC) on Tuesday approved an energy conservation plan that will require shops and commercial centers to close by 8pm starting from July 1.
ECC approves hike in prices of 49 medicines
By Naveed Naqvi
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Friday approved a hike in prices of 49 medicines, while also approving a grant of more than Rs21.95 billion for dealing with natural calamities and other projects.
Prime Minister Sharif hopeful of finalising IMF deal in June
By News Desk
ISLAMABAD: Prime Minister Shehbaz Sharif said he was hopeful of finalising a deal with the International Monetary Fund (IMF) in June, as the country grapples with a crippling economic crisis.
International airlines face $188 million in blocked funds in Pakistan
By Staff Reporter
ISLAMABAD: The International Air Transport Association (IATA) warned on Sunday that countries such as Pakistan have witnessed a rapid surge in the level of blocked funds, posing a significant threat to airline connectivity in affected markets.
Pakistan leases Roosevelt Hotel in New York City for $220 million
By Staff Reporter
ISLAMABAD: Pakistan International Airlines (PIA) has leased its Roosevelt Hotel in New York City to the New York City Administration for three years for $220 million, a minister said Sunday.