By Staff Reporter
KARACHI: The central bank said on Tuesday that it has received the final tranche of a $1.1 billion loan from the International Monetary Fund (IMF), concluding a critical $3 billion loan program that has helped Pakistan avert a sovereign default.
KARACHI: The State Bank of Pakistan left its interest rate at an all-time high of 22 percent for the seventh straight policy meeting on Monday, citing inflation risk amid geopolitical tension and macroeconomic stabilization measures.
By Staff Reporter
ISLAMABAD: Saudi Aramco, the world’s largest oil producer, has entered Pakistan’s fuels retail market with approval from the country’s monopoly watchdog on its acquisition of a 40 percent stake in Gas & Oil Pakistan Ltd.
By Staff Reporter
ISLAMABAD: Pakistan secured a $1.1 billion lifeline from the International Monetary Fund (IMF) on Monday, as the global lender approved the final tranche of a $3 billion bailout package designed to shore up the country’s dried-up finances and avert a sovereign default.
By Staff Reporter
ISLAMABAD: Iran and Pakistan have agreed to “expeditiously finalise” a free trade agreement (FTA) aimed at boosting economic cooperation between the two nations, despite a warning from the United States about the risks of doing business with Tehran.
By Staff Reporter
KARACHI: Pakistan’s current account surplus surged to its highest level since 2015, providing a rare bright spot for the struggling economy as it seeks a new bailout from the International Monetary Fund.
By Staff Reporter
ISLAMABAD: The International Monetary Fund’s (IMF) Executive Board will meet on April 29 to finalise its last review of Pakistan’s $3 billion Stand-By Arrangement (SBA), despite the country’s absence from the Fund’s public calendar.
By Staff Reporter
ISLAMABAD: Pakistan’s military said on Monday it had killed 11 militants in two separate operations in the northwestern province of Khyber Pakhtunkhwa, as the country grapples with a surge in terrorist attacks.
By Staff Reporter
ISLAMABAD: Iran and Pakistan signed eight agreements on Monday, including a security cooperation pact, as they sought to strengthen ties and boost trade to $10 billion, Iranian President Ebrahim Raisi said.
The signing took place during Raisi’s three-day visit to Islamabad, which began on Monday.
By Staff Reporter
ISLAMABAD: The ruling Pakistan Muslim League-Nawaz (PML-N) party secured a majority of the 21 national and provincial seats up for grabs in the by-elections held on Sunday, according to provisional results released by the Election Commission of Pakistan (ECP).
