deal
-
Rs410 million approved to deal with PTI march | The Express Tribune
.
[ad_1] ISLAMABAD: The Economic Coordination Committee (ECC) on Monday approved an initial budget of over Rs410 million to deal with the participants of the Pakistan Tehreek-e-Insaf (PTI) long march with an iron hand and also backed the decision to provide cheap electricity to exporters. Chaired by Finance Minister Ishaq Dar, a meeting of the ECC…
-
Pakistan strikes deal with France to suspend loans worth $170m
.
[ad_1] A person holds dollars in this undated photo. — AFP/File ISLAMABAD: The Pakistan government Monday signed an agreement with France under the G20 Debt Service Suspension Initiative (DSSI), the Ministry of Economic Affairs stated, leading to the suspension of loans worth $107 million. “This amount, initially repayable between July and December 2021, will now…
-
Pakistan-IMF deal likely to be sealed today | The Express Tribune
.
[ad_1] ISLAMABAD: The International Monetary Fund (IMF) is likely to send the draft of a Memorandum of Economic and Financial Policies (MEFP) to Pakistani authorities on Monday — a key step to indicate that the two parties have reached an agreement. The government wants to conclude an agreement with the international lender for the revival…
-
$2.3b loan deal inked with China | The Express Tribune
.
[ad_1] ISLAMABAD: China has signed a $2.3 billion commercial loan deal with Pakistan to boost its sliding foreign exchange reserves, as the government waits for the rollover of three more maturing loans totalling $2 billion. “The Chinese consortium of banks has today signed the RMB 15 billion ($2.3 billion) loan facility agreement after it was…
-
Refineries await IMF deal as margins rise | The Express Tribune
.
[ad_1] ISLAMABAD: As profit margins of refineries rise, they are looking at the signing of a loan revival deal between the government and the International Monetary Fund (IMF), which will push global banks to endorse the Letters of Credit (LCs) for oil import. At present, the international banks are reluctant to confirm the LCs as…
-
Cement manufacturer clinches export deal | The Express Tribune
.
[ad_1] KARACHI: Pakistan’s leading cement manufacturer DG Khan Cement accomplished the US standard for cement quality which helped fetch an agreement of export deal of 600,000 tonnes of cement to the United States. DG Khan Cement Director Farid Fazal while briefing on the export agreement on Monday, said that DG Khan Cement has been exporting…
-
Dollar crosses 210-mark in interbank as govt struggles to reach IMF deal
.
[ad_1] A forex dealer cunting currency notes in this file photo. KARACHI: The rupee declined further in the interbank market amid a delay in the signing of the deal with the International Monetary Fund (IMF) and was traded at 210.19 on Monday during the intraday trade, according to the Tresmark. It ended at 208.75 on…
-
Budgetary figures subject ‘to IMF deal’ | The Express Tribune
.
[ad_1] ISLAMABAD: Finance Minister Miftah Ismail has presented a “provisional” budget of Rs9.5 trillion in the National Assembly that may change in the light of any deal with the International Monetary Fund (IMF), as the government slaps taxes on salaried class people’s expenses on health and life insurance. In a positive development, through the Finance…
-
Deal inked to facilitate tech firms | The Express Tribune
.
[ad_1] ISLAMABAD: To support ease of doing business and facilitate the domestic and global technology companies in the Special Technology Zones, the Special Technology Zones Authority (STZA) has signed a contract with a local tech company for the development and implementation of a one-window portal system. The signing ceremony, held on Wednesday, was attended by…
-
‘Very confident’ about IMF deal, says Miftah | The Express Tribune
.
[ad_1] Addressing the pre-budget seminar on Tuesday, Finance Minister Miftah Ismail said on Tuesday that he was “very confident” about the deal with the International Monetary Fund (IMF). A day earlier, the minister said that the government did not have any plans to impose a financial emergency in the country or freezing the foreign…
