billion
-
April remittances reach $2.8 billion, second highest in FY23-24 | The Express Tribune
.
[ad_1] KARACHI: Pakistan received the second-highest workers’ remittances of the ongoing fiscal year 2023-24 at $2.8 billion in April 2024, contributing to the improvement of the country’s foreign exchange reserves and supporting stable rupee-dollar parity. The State Bank of Pakistan (SBP) reported that workers’ remittances increased by 3.5% to $23.8 billion cumulatively in the first…
-
Pakistan ‘gets’ IMF board’s nod for final $1.1 billion tranche
.
[ad_1] IMF headquarters in Washington, US. — AFP/File ISLAMABAD: In a most sought-after development, the International Monetary Fund (IMF) has okayed the third and final tranche of a $1.1 billion loan for Pakistan under the $3 billion Stand-By Arrangement (SBA), sources told Geo News on Monday. According to the Ministry of Finance sources, the IMF…
-
IMF executive board to approve Pakistan’s $1.1 billion tranche next week
.
[ad_1] IMF headquarters in Washington, US. — AFP/File The International Monetary Fund’s (IMF) executive board will hold its meeting on April 29 to review the approval of $1.1 billion funding for Pakistan under the $3 billion Stand-By Arrangement (SBA), Reuters news agency quoted the global lender as saying on Wednesday. Pakistan and the IMF reached…
-
March remittances soar to near $3 billion, up 31.27% MoM
.
[ad_1] A foreign currency dealer counts US dollar notes at a shop in Karachi.—AFP/File Remittances from overseas Pakistani workers soared by 31.27% month-on-month (MoM) to $2.95 billion in March from $2.25 billion recorded in the previous month, the latest data released by the State Bank of Pakistan (SBP) showed on Monday. The notable rise can…
-
Pakistan ‘secures’ $2 billion loan rollover from China
.
[ad_1] Currency dealer trader counts the US dollar notes at a currency exchange office, in Karachi July 13, 2023. — PPI ISLAMABAD: In a major boost to the country’s foreign exchange reserves, China has rolled over $2 billion to Pakistan, Ministry of Finance sources told Geo News on Wednesday. Pakistan has borrowed $2 billion from…
-
Jeff Bezos only needs $8 billion to overtake Elon Musk as world’s richest person
.
[ad_1] Elon Musk and Jeff Bezos gesture during separate gatherings. — AFP/File Jeff Bezos is just $8 billion away from surpassing Elon Musk as the richest person in the world with a rise in Amazon stock this year and a decline in Tesla shares. According to the Bloomberg Billionaires Index, the founder and executive chairman…
-
Govt plans Rs100 billion Sukuk boost at PSX | The Express Tribune
.
[ad_1] KARACHI: The government is set to hold the second auction of Sukuks at the Pakistan Stock Exchange (PSX) on Tuesday, aiming to raise new domestic debt worth Rs100 billion after securing financing at a comparatively low price in the first auction held last month at the bourse. The government has decided to gradually increase…
-
RELIEF: Joe Biden writes off $5 billion in student loans owed by 74,000 borrowers
.
[ad_1] Joe Biden speaks during a campaign on October 9, 2019. — AFP President Joe Biden on Friday wiped out $4.9 billion in debt for 74,000 student borrowers — a strategic move aimed at propelling young and minority voters for his reelection. The Public Service Loan Forgiveness programme and income-driven repayment options for long-term borrowers…
-
Pakistan, Iran ready to boost trade to $5 billion: envoy
.
[ad_1] Pakistan’s Ambassador to Iran Mudassir Tipu speaking at an event welcoming Pakistani naval ships at the Iranian port of Bandar Abbas on January 14, 2024. — X/@MuhammadMu85183 With the country’s economy stuck in a downward spiral, Pakistan’s ambassador to Iran Mudassir Tipu said that the two countries are ready to increase their bilateral trade…
-
Remittances increase to $2.38 billion in December 2023 | The Express Tribune
.
[ad_1] KARACHI: The inflow of workers’ remittances sent by overseas Pakistanis increased by 13% to $2.38 billion in December 2023 as funds were dispatched through official channels following the return of stability in the rupee-dollar parity and the crackdown against illegal currency networks. The improvement in the remittances is expected to fuel the ongoing gradual rally in the…
