Tag: ishaq dar
Interbank Mkt: Pakistan rupee drops 1% in interbank market as caretaker govt takes over
KARACHI: Pakistan‘s rupee dropped 1% in the interbank market in the first trading session under a caretaker government, closing at 291.5 against the US dollar,…
Pak PM Shehbaz Sharif says ‘neutral’ person to be picked interim premier; elder brother to be PM again if party wins elections
ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif has ruled out the possibility of the appointment of Finance Minister Ishaq Dar as the caretaker prime minister, saying…
Ishaq Dar: China rolls over $2.4 billion loan for key ally Pakistan
ISLAMABAD: China has rolled over a $2.4 billion loan to its all-weather ally Pakistan for two years to help the cash-strapped country shore up its…
Pakistan International Airlines cannot operate without provision from national fund
ISLAMABAD: Pakistan International Airlines (PIA), the country’s main airline, has reached a point where it needs money from the national fund to operate for even…
Pakistan facing ‘exceptionally high’ risks, needs another IMF programme, says global lender
ISLAMABAD: Pakistan needs another IMF programme and support from other multilateral lenders beyond the coming election cycle and the ongoing standby arrangement, according to the…
Pakistan: New USD 3 billion loan programme to help Pakistan’s efforts in stabilising its ailing economy: IMF
ISLAMABAD: The IMF has said that the recently approved USD 3 billion loan programme will provide much-needed relief for Pakistan as it would anchor the…
Pak gets IMF cash injection $1.2 billion released as part of $3 billion deal
ISLAMABAD: The International Monetary Fund (IMF) has handed out Pakistan $1.2 billion to help the cash-starved nation avoid debt defaults, finance minister Ishaq Dar said…
Pakistan reviews FY24 budget in bid to secure IMF deal
ISLAMABAD: Cash-starved Pakistan has introduced a number of changes to its budget for fiscal year 2023-24 in a bid to revive the International Monetary Fund’s…
Imf: Pakistan to raise taxes in final attempt to secure IMF loan
Pakistan will make changes to its budget for the next fiscal year to appease the International Monetary Fund’s concerns on taxes.The nation plans to introduce…
Pakistan receives $1 billion from China
ISLAMABAD: 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…