Pakistan
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Pakistan stocks hit record high just shy of 74,000 points
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[ad_1] Pakistani traders stand beneath an electronic board displaying share prices at the Pakistani Stock Exchange (PSX). — INP/File KARACHI: Stocks on Monday briefly breached 74,000 points barrier amid reports Pakistan may sign a deal with International Monetary Fund (IMF) for a new four-year programme of up to $8 billion by end-July, traders said, but…
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IMF mission chief to lead bailout talks with Pakistan next week
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[ad_1] IMF’s Resident Representative for Pakistan Esther Perez Ruiz. — Reporter ISLAMABAD: A senior official of the International Monetary Fund’s (IMF) Sunday confirmed that a team of the Washington-based lender will reach Pakistan next week to hold talks with Islamabad over bailout package. As per IMF’s Resident Representative for Pakistan Esther Perez Ruiz, a team led…
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Downside risks for Pakistan remain exceptionally high: IMF | The Express Tribune
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[ad_1] Downside risks for the economy remain exceptionally high, the International Monetary Fund (IMF) said on Friday, in its staff report, ahead of government talks with the fund on a longer-term programme. An International Monetary Fund mission is expected to visit Pakistan this month to discuss a new programme, ahead of Islamabad beginning its annual…
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Solar panel prices further decline in Pakistan
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[ad_1] This image shows workers installing a solar panel in Jiuquan, Gansu province. — Reuters. KARACHI: Amid a declining trend in rates internationally and ample supply in the local market, the prices of solar panels have further declined in Pakistan, encouraging consumers to choose cost-effective power alternatives amid increasing demand for electricity in the summer…
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IMF support team in Pakistan to discuss next bailout package
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[ad_1] This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. — AFP ISLAMABAD: A mission of the International Monetary Fund (IMF) has landed in Pakistan to discuss a new programme ahead of the country’s annual budget for the next financial year. A support team…
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‘Iran, Pakistan explore ways to materialise gas pipeline project’
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[ad_1] Workers can be seen busy working on a gas pipeline at Chah Bahar, Iran. — AFP/File Pakistan and Iran are trying to find a way forward for the completion of the bilateral gas pipeline project spanning on 1,900 kilometres in Chah Bahar area, Iran’s Consul General to Pakistan Hassan Nourian said on Monday. The…
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Saudi trade delegation arrives in Pakistan to discuss investment
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[ad_1] Saudi delegation being receieved by Pakistani authorities in Islamabad in this still taken from a video. — GeoNews/YouTube ISLAMABAD: A high-level delegation comprising various Saudi investors landed in Islamabad on Sunday to hold talks on trade and investment in Pakistan, as directed by Crown Prince Mohammed Bin Salman. Federal Minister for Petroleum Musadik Malik…
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Pakistan welcomes $20b investment in Uzbekistan | The Express Tribune
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[ad_1] TASHKENT: The business communities of Pakistan and Uzbekistan welcomed Saudi Arabia’s $20 billion investment in Uzbekistan’s energy sector on Saturday. Speaking to APP during the Tashkent International Investment Forum (TIIF), Chairman of the Chamber of Commerce and Industry of Uzbekistan, Vakhabov Davron Abdujalolovich, highlighted that at the opening ceremony on May 2, Saudi Arabia’s…
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ADB, donors agree $5b ADF replenishment; grants also available for Pakistan | The Express Tribune
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[ad_1] TBILISI: Donors and the Asian Development Bank (ADB) have agreed to a replenishment of $5 billion for ADB’s Asian Development Fund (ADF) 14 and Technical Assistance Special Fund (TASF) 8, with Pakistan emerging as a recipient of the grants. The commitment was made during ADB’s 57th annual meeting held in Tbilisi, Georgia, said a…
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Forex reserves get major boost as Pakistan receives $1.1bn IMF tranche
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[ad_1] A currency dealer counts US dollar notes at an exchange in Karachi on May 19, 2022. — AFP/File Pakistan’s foreign exchange reserves got a major boost as the State Bank of Pakistan (SBP) on Tuesday confirmed receiving $1.1 billion from the International Monetary Fund (IMF) a day after the global lender approved the last…
