Pakistan allows foreign airlines to access hard currency to repatriate earnings

By Staff Reporter

KARACHI: The State Bank of Pakistan (SBP) has allowed banks to allocate dollars to a broader range of clients, including foreign airlines, potentially making hard currency available to international companies seeking to repatriate earnings after months of delays, senior bankers said on Friday.

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Pakistan struggles to secure foreign loans, records 40pc fall in July-March period

By Staff Reporter

ISLAMABAD: Pakistan’s ability to secure foreign loans has decreased by 40 percent in the first nine months (July-March) period of the current fiscal year, as it only managed to secure a total of $7.7 billion compared to $12.7 billion in the same period last year, official figures showed on Wednesday.

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Supreme Court rejects defense ministry’s request to hold simultaneous elections in Pakistan

By Staff Reporter

ISLAMABAD: The Supreme Court of Pakistan on Wednesday rejected a request from the defense ministry to hold provincial and national elections elections in Pakistan on the same date, but indicated it would be open to changing the election date for the province of Punjab if the political parties can come to an agreement.

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