ISLAMABAD: Pakistan PM Shehbaz Sharif met IMF MD Kristalina Georgieva in Paris on Thursday for release of halted funds ahead of the credit line’s expiry next week. The Paris pitch came amid claims back home that Shehbaz’s finance minister Ishaq Dar slapped a reporter who asked him questions on the stalled funds.
In Paris, on the...
ISLAMABAD: US-based financial news service, Bloomberg has warned Pakistan of an economic default if the country did not avail International Monetary Fund (IMF) deal.
According to a Bloomberg intelligence report, Pakistan’s economic crisis could further deepen if the country did not avail of the International Monetary Fund (IMF) program and...
LAHORE: The short-term Punjab budget for 2023-24 lacks basic information and some of the provisions made under various heads need clarification including the bloc allocation of Rs325 billion for development schemes and Rs70bn subsidy for the poor.
“The budget document lacks details about the allocations made for various sectors. The...
ISLAMABAD: Textile and clothing exports contracted by 14.72 per cent year-on-year to $15.03 billion during the first 11 months of the outgoing fiscal year.
The decline in production is mainly attributable to a surge in the cost of production and a liquidity crunch, according to data released by the Pakistan...
Cash-strapped Pakistan has received $1 billion from its close ally China to support its critically low foreign reserves amidst the uncertainty to revive a stalled International Monetary Fund loan.
The State Bank of Pakistan (SBP) on Friday night confirmed having received the amount from China without sharing any other details...
Islamabad , June 19: Former additional director of Pakistan's Federal Investigation Agency (FIA) Sajjad Bajwa has revealed that some 'black sheep' are there in the agency that is backing the agent mafia in Pakistan.
In a statement, FIA's ex-additional director revealed, "Some black sheep in FIA are backing the agent mafia. There are thousands of agents in Pakistan and the authorities...
Islamabad , June 18: Pakistan's textile sector has faced a decline in textile exports for an eighth consecutive month on a year-on-year basis, demonstrating persistent challenges for the industry, Pakistan-based The Express Tribune reported.
Textile exports witnessed a month-on-month rise of 7 per cent in textile exports in May 2023,...
ISLAMABAD: Cash-strapped Pakistan has requested its all-weather ally China to fast-track the refinancing of maturing commercial loans of $1.3 billion and apprised it of the diminishing prospects of revival of the IMF loan programme, a media report said on Tuesday.
The request was made on monday by finance minister Ishaq Dar during a meeting...
Moody's Investors Service has warned that Pakistan is at an increased risk of failing to restart its $6.7 billion bailout programme with the International Monetary Fund (IMF), putting the country closer to a sovereign default.
"There are increasing risks that Pakistan may be unable to complete the IMF programme that...
Pakistan on Monday requested China to fast-track the refinancing of maturing commercial loans of $1.3 billion and apprised it of the diminishing prospects of revival of the International Monetary Fund (IMF) loan programme.
The request was made by Finance Minister Ishaq Dar during a meeting with China’s Charge d’affaires Pang...
