Tag: imf deal
Dollar shortage forces factories to halt production in Pakistan
ISLAMABAD: Pakistan’s iron-clad grip on its dollar holdings may be keeping its currency stable, but it’s also hurting local and foreign businesses who are stuck…
Pakistan gets $1 billion boost from UAE ahead of key IMF decision
ISLAMABAD: Pakistan‘s state bank coffers were further boosted Wednesday by a $1 billion deposit from the United Arab Emirates, officials said, ahead of a key…
Pakistan Rupee: Pakistan rupee climbs 4.8%, boosted by IMF deal | World News
KARACHI: Pakistan’s rupee jumped 4.8% against the dollar in early trade on Tuesday, in the first trading session after the country secured last-minute funding from…
Pakistan shares surge after IMF deal, autos gain on hopes of import restart
KARACHI: Pakistan‘s benchmark share index gained more than 6% on Monday in its first trading session after the crisis-struck country secured funding from the International…
Pakistan says UAE assures $1 billion loan to revive IMF deal
Pakistan has said that the United Arab Emirates has assured to provide a $1 billion loan, moving the nation closer to a loan deal with…
Apprehensions of Pakistan defaulting on debts ‘over now’, says PM Sharif
ISLAMABAD: Apprehensions of a default by Pakistan on debt obligations are “over now”, the country’s Prime Minister Shehbaz Sharif said on Wednesday, adding that a…
Pakistan seeks assurance from Saudi Arabia to unlock IMF deal
ISLAMABAD: Pakistan is seeking confirmation from Saudi Arabia for securing additional deposits of $2 billion and a $950 million loan programme from the World Bank…
Former Pakistan PM Imran Khan terms IMF deal as ‘treatment of cancer with aspirin’
ISLAMABAD (Pakistan): Former Pakistan prime minister Imran Khan has termed the International Monetary Fund (IMF) deal as “treatment of cancer with disprin (aspirin),” Dawn reported.He…