Pakistan seeks China’s support on debt relief efforts
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has sought China’s support for Pakistan’s efforts to seek...
Pakistan asks Germany, UK for debt relief
ISLAMABAD: Following up on his call for a ‘Global Initiative on Debt Relief’, Prime Minister Imran Khan on Tuesday held a telephonic conversation...
Covid-19 ‘Great Lockdown’ to shrink global economy by 3pc in 2020: IMF
WASHINGTON: The global economy is expected to shrink by 3 per cent during 2020 in a stunning coronavirus-driven collapse of activity that...
G7 backs debt moratorium for poor countries if G20 creditors, Paris Club join
WASHINGTON: Group of Seven (G7) finance officials on Tuesday vowed to continue to act as needed to combat the coronavirus pandemic and...
Debt levels expected to sharply increase in 2020, stabilise as economies recover: IMF
WASHINGTON: Global debt is expected to increase significantly over the next year, the top economist of the International Monetary Fund said on...
‘Kamyab Jawan’: PM decides to enhance loaning limit up to Rs25m
ISLAMABAD: Prime Minister Imran Khan on Tuesday decided to further provide greater entrepreneurship opportunities to the country’s youth by enhancing loan limits...
JPMorgan profit falls on virus loan provisions
JPMorgan Chase & Co reported a 68 per cent slump in first-quarter profit on Tuesday as the coronavirus pandemic forced the largest...
IMF acknowledges Pakistan’s measures to contain spread of Covid-19
The International Monetary Fund (IMF) has acknowledged Pakistan's measures to contain the spread of the coronavirus, Radio Pakistan reported on Tuesday.
IMF's recent...
Global Investment Consortium mulls investing billions of dollars in Pakistan
ISLAMABAD: At the time when coronavirus pandemic has unnerved global economies and Pakistan is no exception, Pakistan holds good news for the...
WB sees ‘huge willingness’ to suspend debt payments for poorest countries
WASHINGTON: The World Bank is seeing “a huge willingness” on the part of official bilateral creditors to suspend debt payments by the...
ADB triples Covid-19 response package to $20bn
ISLAMABAD: The Asian Development Bank (ADB) on Monday tripled the size of its response to the novel coronavirus pandemic to $20 billion and approved...
PSO demands Rs100 billion as defaults looms
ISLAMABAD: The country’s largest oil supplier Pakistan State Oil (PSO) has warned the government of its looming international defaults and has sought...
Russian central bank turns attention to banks hit by slower gold exports
MOSCOW: Russia's central bank is considering how to help the country's commercial banks with gold storage after complications with bullion exports because...
Ministry releases Rs20.5b for textile, Rs828m non-textile sector under DLTL
Adviser to Prime Minister for Commerce and Investment on Friday announced that the Ministry of Commerce has released Rs 20.5 billion for...
Pakistan to receive $1.4billion IMF in coming week: Sanchez
ISLAMABAD: Resident Representative of International Monetary Funds (IMF) in Pakistan Maria Teresa Daban Sanchez has that Pakistan would receive $ 1.4 billion...