By Staff Reporter
ISLAMABAD: The Asian Development Bank (ADB) on Friday approved $250 million in loans that will help deliver reliable electricity in Pakistan by expanding and improving the power transmission network in the country’s Punjab and Khyber Pakhtunkhwa provinces.
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FM Akhtar says Pakistan can’t manage without IMF support
By Staff Reporter ISLAMABAD: Pakistan will need a new short-term loan from the International Monetary Fund (IMF) to cope with its fragile economy and may
IMF announces SLA with Pakistan after successful SBA review
The SLA paves the way for the disbursement to Pakistan next month of another USD 700 million to Pakistan under a 9-month SBA signed this July. By Muhammad Ali.
Image courtesy PSX
Government securities to trade on PSX soon
A panel of experts has been appointed to ensure operational readiness for exchange-tradable government debt securities. By Muhammad Ali.
Banks on the hook for windfall tax
Pakistan’s fat-cat bankers may finally be on the hook to fork out part of the bonanza of profits they have been pocketing since the onset of the Covid-19 global pandemic. By Muhammad Ali.
Pakistan, IMF near conclusion of SBA review as Fund chief heralds debt relief
A staff level agreement expected Wednesday evening may require Pakistan to hike power tariff and arrange USD 2 billion in external financing. By Muhammad Ali.
Jail trial for ex-PM Khan over land bribery case
By Staff Reporter
ISLAMABAD: The government on Tuesday approved the trial of former prime minister Imran Khan in jail over allegations that he received land worth millions of dollars as a bribe from a property developer through a charity trust run by his third wife, a spiritual healer.
SIFC, with military role, faces IMF’s scrutiny
By Staff Reporter
ISLAMABAD: Pakistan’s newly created Special Investment Facilitation Council (SIFC) to attract foreign investors has come under scrutiny from the International Monetary Fund (IMF), which has advised the country to avoid creating distortions or preferential treatment in its business deals, Dawn newspaper reported on Wednesday.
Pakistan and Afghanistan discuss trade and assets amid deportation row
By Staff Reporter
ISLAMABAD: Afghanistan’s acting commerce minister met with Pakistan’s foreign minister in Islamabad on Tuesday to discuss trade and how the thousands of Afghan citizens Pakistan is expelling could take cash and other assets back to their homeland.
PTI loses another senior leader as Asad Umar announces exit from politics
By Staff Reporter
ISLAMABAD: Asad Umar, a former planning minister and a senior leader of the opposition Pakistan Tahreek-e-Insaf (PTI) party, announced on Saturday that he was quitting politics and leaving the party, citing policy differences over its confrontational stance toward state institutions.