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Pakistan’s new debt management strategy aims to reduce risk, diversify portfolio
The country plans to issue 10- to 15-year bonds and secure concessional loans to meet its external financing needs, as part of a new Medium-Term Debt Management Strategy for fiscal years 2023 to 2026 that aims to reduce risk and diversify its portfolio.
Pakistan braces for monsoon, urban floods feared
By Staff Reporter
ISLAMABAD: Pakistan’s weather department warned of urban floods in several cities as it forecast monsoon rains and hailstorms from July 3 to 8.
Six security officials killed in Balochistan attacks
By Staff Reporter
ISLAMABAD: Six security officials were killed in attacks on check posts and a patrol party in southwestern Balochistan province on Sunday, the government and military said, as violence flared in the restive southwestern province.
Pakistan, India swap lists of detainees
By Staff Reporter
ISLAMABAD: Pakistan and India exchanged lists of prisoners on Saturday as part of a bilateral agreement, the foreign office said, with 417 Pakistanis in Indian jails and 308 Indians in Pakistani custody.
‘Pakistan’s IMF bailout could help avoid default’
By Staff Reporter
ISLAMABAD: Pakistan has secured a $3-billion, nine-month bailout from the International Monetary Fund (IMF) that will help it avoid default this year, Bloomberg Economics said.
Six militants killed in Tank, North Waziristan operations: ISPR
By Staff Reporter
ISLAMABAD: Security forces killed six militants in two separate operations in the northwestern regions of Tank and North Waziristan, the military said on Friday.
PM Sharif to join virtual SCO summit hosted by India
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif will join a virtual summit of the Shanghai Cooperation Organisation (SCO) on July 4, hosted by India, which chairs the regional security and economic bloc this year, the foreign office said on Friday.
Diesel gets costlier, petrol prices unchanged
By Staff Reporter
ISLAMABAD: Pakistan’s government raised the price of high-speed diesel by 3.1 percent on Friday, but left petrol prices unchanged, as global oil prices rose in the past two weeks.
UPADTE 3: Pakistan, IMF reach $3bn staff-level agreement for crucial bailout
By Staff Reporter
KARACHI: The International Monetary Fund (IMF) and Pakistan agreed on Friday to a $3 billion, nine-month loan agreement to help the country cope with external shocks and policy missteps that have stalled economic growth and fueled inflation.