BUSINESS
PM Shehbaz expresses gratitude to IMF MD for $3 billion agreement
Prime Minister Muhammad Shehbaz Sharif expressed his gratitude to Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, during...
NEPRA likely to announce significant hike in electricity prices
The National Electric Power Regulatory Authority (NEPRA) is expected to announce a significant hike in electricity prices today. In an...
IMF grants approval for $100 million funds to Pakistan for population control
The Board of Executive Directors of the World Bank has granted approval for the allocation of $100 million in funds...
IMF Executive Board approves US$3 billion Stand-By Arrangement for Pakistan
The Executive Board of the International Monetary Fund (IMF) approved a 9-month Stand-By Arrangement (SBA) for Pakistan for an amount...
Ishaq Dar says SBP receives $2bn from Saudi Arabia
In a significant move to bolster Pakistan’s economic situation, Saudi Arabia has deposited $2 billion in the State Bank of...
Overseas Pakistanis remit $27bn in year 2022-23, SBP
The State Bank of Pakistan has stated that overseas Pakistanis remitted $2.2 billion in June. In the financial year 2023-24,...
Weekly inflation rate eases to 28.55%—lowest since October 2022
As food and energy prices moderated, the weekly inflation rate eased to 28.55% in the week leading up to July...
IMF in talks with political parties including PTI over recent deal
The International Monetary Fund (IMF) representative Esther Perez Ruiz said on Friday that the lender is in the process of...
IPPs paid Rs142bn to fulfill IMF condition to reduce circular debt
The government has released Rs142 billion to private power plants. The independent power producers have been made the payment as...
Finance Minister briefs US envoy Blome on IMF stand-by agreement
Finance Minister Ishaq Dar called on US Ambassador to Pakistan Donald Blome in Islamabad on Wednesday. According to a statement...
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