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Pakistan eyes $5 billion trade with Iran in five years
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[ad_1] Foreign Minister Bilawal Bhutto-Zardari and Iran Foreign Minister Hossein Amir Abdollahian witness the signing of memoranda of understanding between Pakistan and Iran in Islamabad on Thursday. — Twitter/@ForeignOfficePk ISLAMABAD: Pakistan chalked out a five-year trade cooperation plan with Iran on…
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China agrees to reschedule $2 billion debt | The Express Tribune
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[ad_1] ISLAMABAD: China has agreed to reschedule over $2 billion publicly guaranteed debt of Pakistan for a period of two years, providing a major relief to the government that is in the process of rebuilding foreign exchange reserves through fresh…
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SBP reserves shoot past $8 billion mark after nine months
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[ad_1] A currency exchange dealer counts $100 bills in this undated picture. — AFP/File The State Bank of Pakistan (SBP) held reserves shot past the $8 billion mark on Thursday after a gap of nine months as Pakistan received inflows…
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IMF board green-lights $3 billion SBA for Pakistan
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[ad_1] The seal for the International Monetary Fund is seen in Washington, D.C., Jan. 10, 2022. — AFP The International Monetary Fund (IMF) Executive Board on Wednesday approved a staff-level agreement reached with Pakistan on a short-term stand-by deal. “Today,…
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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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Another Rs4 billion approved for PIA | The Express Tribune
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[ad_1] ISLAMABAD: The government on Monday approved a Rs4 billion bailout package to pay the interest cost on the legacy loan of Pakistan International Airlines (PIA) — a sum that still falls short of the money needed to settle the…
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China refinances $1 billion Pakistan loan
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[ad_1] The picture shows $100 notes. — AFP/File In a positive development, China on Friday rolled over a $1 billion loan to Pakistan shoring up the State Bank of Pakistan-held (SBP) foreign exchange reserves. The development came hours after Finance Minister Ishaq…
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April remittances decrease 29% to $2.2 billion
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[ad_1] This undated file photo shows US dollar banknotes. — AFP/File After hitting a seven-month high in March, remittances sent by overseas Pakistanis decreased to $2.21 billion in April — down 29% year-on-year, the State Bank of Pakistan (SBP) shared…
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Pakistan bound to repay $3.7 billion in May-June: Fitch Ratings
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[ad_1] A representational image. — PNGfind.com As the government struggles to secure a bailout from the International Monetary Fund (IMF), Fitch Ratings on Friday revealed that Pakistan faces a total of $3.7 billion of debt payments in the May-June period, Bloomberg…
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‘India’s exports likely to touch $900 billion in 2023-2024’ | The Express Tribune
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[ad_1] NEW DELHI: India’s exports of goods and services could touch $900 billion in the current financial year, up from $770 billion in the previous year, keeping resilient despite global headwinds, a top official of a grouping of exporters said….
