By Staff Reporter
KARACHI: Pakistan’s central bank governor on Friday expressed cautious optimism about the economy in crisis, saying the uncertainty surrounding external financing was improving with an expected resumption of the International Monetary Fund (IMF) program, while the runaway inflation is likely to remain at its peak for the next few months.
By Staff Reporter
ISLAMABAD: Finance Minister Ishaq Dar said on Friday the United Arab Emirates (UAE) has confirmed to the International Monetary Fund (IMF) its commitment to provide $1 billion in financial support to Pakistan – a prerequisite for moving forward with a long-delayed Fund’s bailout package intended to bolster the country’s ailing economy.
By Staff Reporter
ISLAMABAD: Pakistan Peoples Party chairman Bilawal Bhutto-Zardari has formed a three-member body to facilitate dialogue between the government and the opposition, including ousted Prime Minister Imran Khan.
By Staff Reporter
ISLAMABAD: The World Bank on Thursday said Pakistan’s recurrent budget shortfall is caused by its low fiscal revenue as the country’s total revenue collection averaged 12.8 percent of GDP over the past decade, significantly lower than the South Asian average of 19.6 percent.
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) Chief, Kristalina Georgieva, said on Thursday that Pakistan has not yet reached the level of default and that the Fund is seeking confirmation from international partners to meet the country’s financing gap requirements.
By Staff Reporter
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved on Thursday a loan scheme designed to offer E-Bikes/E-Rickshaws at a zero percent markup, with a repayment period of three years.
By Staff Reporter
ISLAMABAD: An eight-judge bench headed by the Chief Justice of Pakistan is set to hear three petitions on Thursday that challenge a proposed legislation aimed at limiting the authority of the country’s top judge.
By Staff Reporter
ISLAMABAD: The Chief Justice of Pakistan will lead an eight-judge bench to hear three petitions on Thursday, challenging a pending legislation aimed at curbing the powers of the country’s top judge.
By Staff Reporter
ISLAMABAD: Jihad Azour, the International Monetary Fund’s (IMF) Middle East and Central Asia Director, expressed confidence on Wednesday that Pakistan would soon sign a staff-level agreement with the international lender following board approval.
By Staff Reporter
ISLAMABAD: Pakistan’s Supreme Court on Wednesday said the government’s failure to comply with its orders to allocate funds for elections in Punjab and Khyber Pakhtunkhwa (KP) provinces amounts to disobedience.
