Business News
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Crucial $3b IMF lifeline comes with tough conditions | The Express Tribune
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[ad_1] LAHORE: Pakistan secured a badly-needed $3 billion short-term financial package from the International Monetary Fund on Friday, giving the economy a much-awaited respite as it teeters on the brink of default. The IMF said it had reached an agreement…
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Petrol levy rises to Rs55 per litre from today
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[ad_1] An undated image of workers standing at a petrol pump in Pakistan. — AFP The federal government on Saturday approved an increase in the petroleum development levy just a day after Pakistan signed a $3 billion pact with the International Monetary Fund…
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No change in petrol price, says Ishaq Dar
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[ad_1] A representational image of a fuel station staffer updating the fuel prices in Karachi. — AFP/ File In a late night press conference on Friday, Finance Minister Ishaq Dar announced that the government has decided to maintain the status…
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Miftah believes Pakistan ‘back on right track’ with IMF deal
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[ad_1] Former finance minister Miftah Ismail addressing a press conference. — APP/File Following the announcement of a staff-level agreement (SLA) with the International Monetary Fund (IMF) agreement, former finance minister Miftah Ismail on Friday said that the default threat looming…
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PM terms Paris meeting with IMF chief ‘turning point’ to clinch SBA
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[ad_1] Prime Minister Shehbaz Sharif, Finance Minister Ishaq Dar addressing the media after overseeing the signing of the SLA with IMF. — Screengrab/PTV/YouTube After Pakistan clinched the staff-level agreement (SLA) with the International Monetary Fund (IMF) on a stand-by arrangement…
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‘Positive development’: Experts foresee stability, rupee strengthening post-IMF deal
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[ad_1] Logo of the IMF. — AFP Pakistan on Friday secured the staff-level agreement (SLA) wit the International Monetary Fund (IMF) on a $3 billion stand-by arrangement, that help the country get out of the default situation and put the…
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FDA finds multiple faults at India’s second-largest drugmaker | The Express Tribune
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[ad_1] Officials of the the US Food and Drug Administration (FDA) have detected numerous faults at a factory operated by Aurobindo Pharma Ltd., one of India’s largest pharmaceutical companies, Bloomberg reported. This comes as the FDA is scrutinising considerable shortcomings…
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IMF deal averts Pakistan’s likely default: American expert
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[ad_1] Shipping containers are seen stacked on a ship at a sea port in Karachi, Pakistan, April 6, 2023. — AFP As the International Monetary Fund (IMF) announced that it has reached a staff-level agreement (SLA) with Pakistan, the director of…
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Pakistan, IMF clinch deal on $3 billion ‘stand-by arrangement’
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[ad_1] The International Monetary Fund building in Washington. — AFP/File In a major breakthrough on Friday, the International Monetary Fund (IMF) announced reaching a staff-level agreement (SLA) with Pakistan on $3 billion “stand-by arrangement” (SBA). “I am pleased to announce…
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Pakistan, IMF reach staff-level pact on crucial $3b bailout | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has reached a staff-level pact with Pakistan on a $3 billion stand-by arrangement, the lender said, a decision long awaited by the South Asian nation which is teetering on the brink of default….
