Pakistan receives first tranche of $1.2b from IMF: Dar
ISLAMABAD: Finance Minister Ishaq Dar has stated that Pakistan has received the first tranche of 1.2 billion dollars under the stand by...
Govt crawls across IMF finish line
Delayed time and again, the approval concludes a process that exposed some of the economy's deepest flaws.
UAE deposits $1bn in State Bank of Pakistan, boosting forex reserves
ISLAMABAD: Finance Minister Ishaq Dar announced that the United Arab Emirates (UAE) has deposited $1 billion into the State Bank of Pakistan...
IMF Executive Board to review $3bn loan agreement for Pakistan
ISLAMABAD: Today, the executive board of the International Monetary Fund (IMF) is convening to review Pakistan's $3 billion stand-by agreement, which was...
Pakistan receives $2bn deposit from Saudi Arabia: Ishaq Dar
ISLAMABAD: Finance Minister Ishaq Dar on Tuesday announced that Pakistan had received a $2 billion from Saudi Arabia – a major development...
CPEC marks 10th anniversary of substantial achievements in Pakistan’s development
The China-Pakistan Economic Corridor (CPEC), a significant project of the Belt and Road Initiative (BRI), has made impressive advancements in Pakistan over...
Fitch Ratings upgrades Pakistan’s rating to ‘CCC’
Pakistan takes measures to address revenue shortfalls and energy subsidies, Fitch Ratings Reports
IMF delegation calls on Imran Khan, PPP leaders ahead of board meeting
The meeting was attended by IMF country chief Nathan Porter who joined virtually and Resident Representative Ester Perez Luiz
US job growth slows in June; unemployment rate falls to 3.6%
U.S. job growth slowed more than expected in June after surging in the prior month, but labor market conditions remain tight, with...
Pakistan, Italy extends Pakistan-Italian debt swap agreement timeline
ISLAMABAD: Pakistan and Italy have reached an agreement to extend the timeline of the Pakistan-Italian Debt Swap Agreement (PIDSA) through the Exchange...
PSX surpasses 44,000 mark with strong rally
KARACHI: On Thursday, the benchmark index of the Pakistan Stock Exchange (PSX) surpassed the 44,000 mark, experiencing a significant increase of over...
Saudi Arabia says new oil cuts show teamwork with Russia is strong
Russia-Saudi oil cooperation is still going strong as part of the OPEC+ alliance, which will do "whatever necessary" to support the market,...
PKR surges by Rs15 against US dollar following IMF deal
ISLAMABAD: On Tuesday, the Pakistani rupee experienced a significant gain of Rs15 against the US dollar in the interbank market. This boost...
Fitch and Moody’s sound alarm despite IMF deal
Both organisations cite need for additional financing, uncertainty regarding debt repayment and future IMF programmes
Essential medications unaffordable as pharma companies raise costs
As per DRAP’s earlier notification, pharmaceutical companies have hiked the price on essential medicinesÂ