IMF sets condition on parity between open market and interbank ratesÂ
The differential cannot exceed 1.25% between the two ratesÂ
What does the IMF country report say, and what does it mean?
After the board approval for the $3 billion Standby Arrangement between Pakistan and the International Monetary Fund (IMF), the fund has published...
FDI shrinks by 25% in FY23 amid economic uncertainty
ISLAMABAD: In the fiscal year 2022-23, Foreign Direct Investment (FDI) experienced a 25 percent decline compared to the previous year, indicating a...
Will China ever get rich? A new era of much slower growth dawns
China is entering an era of much slower economic growth, raising a daunting prospect: it may never get rich.
Whether the world's second-largest...
USD gets a boost in value by Rs1.41 in interbank market
ISLAMABAD: After almost a week of losing value, the American dollar continues its comeback streak.
In the interbank market, the greenback gained 41...
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...