Pakistan
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Pakistan ‘gets’ IMF board’s nod for final $1.1 billion tranche
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[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…
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‘Iranian gas will come at a price for Pakistan’ | The Express Tribune
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[ad_1] KARACHI: When Iranian President Ebrahim Raisi visits Pakistan on Monday, experts believe that the two issues foremost on his mind, which he will want to discuss with his Pakistani counterpart President Asif Ali Zardari, will be border security and the Iran-Pakistan gas pipeline. “This visit comes at the most troubling time for the region,”…
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Pakistan ‘looking forward’ to continued Chinese support ahead of new IMF deal
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[ad_1] Finance Minister Muhammad Aurangzeb with his Chinese counterpart Lan Fo’an during their meeting in Washington on April 19, 2024. — X/@Financegovpk WASHINGTON: Finance Minister Muhammad Aurangzeb has asked for “continued support” from China, as Pakistan formally applies for a new programme with the International Monetary Fund (IMF), a statement by the finance ministry stated on…
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Pakistan needs at least 3 years to implement IMF’s structural reforms: FinMin
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[ad_1] Finance Minister Muhammad Aurangzeb speaking during an interview with US think tank Atlantic Council. — X/@Financegovpk WASHINGTON: As Pakistan eyes another International Monetary Fund (IMF) bailout package, Finance Minister Muhammad Aurangzeb said that the South Asian nation needs two to three years to implement structural reforms prescribed by the global lender. Aurangzeb is currently in…
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Petrol price in Pakistan increases by Rs4.53 per litre
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[ad_1] A car being refuelled in this undated picture. — AFP Amid increase in the global oil rates, the federal government has increased the price of petrol by Rs4.53 per litre for the next fortnight. According to a notification issued by the Finance Division late Monday, the price of high-speed diesel (HSD) has also been…
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What will be new petrol price in Pakistan from tomorrow?
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[ad_1] A worker at a fuel station fills the petrol tank of a motorcycle. — AFP/File ISLAMABAD: The federal government will announce the prices of petroleum products for the next fortnight today (Monday). Sources in the Petroleum Division (PD), who spoke to the Geo News on the condition of anonymity, shared that the price of…
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Pakistan in talks with IMF for potential follow-up bailout package, says Georgieva
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[ad_1] IMF Managing Director Kristalina Georgieva speaking at the International Monetary Fund headquarters on October 8, 2019, in Washington, DC. — AFP International Monetary Fund (IMF) chief Kristalina Georgieva has confirmed that Pakistan is seeking a potential fresh bailout package following the completion of the $3 billion Stand-By Arrangement (SBA) that is set to expire…
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Pakistan Railways slashes train fares for Eid holidays
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[ad_1] Passengers wait for the train to travel back home to be with their families ahead of the Eid ul Fitr in Karachi on June 2, 2019. — AFP The Pakistan Railways (PR) on Tuesday announced a 25% reduction in the fares as a “special package” on the auspicious occasion of Eid ul Fitr. In…
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Saudi Arabia reiterates commitment to expedite $5bn investment in Pakistan
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[ad_1] Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al-Saud holding talks with Prime Minister of Pakistan Muhammad Shehbaz Sharif. — SPA The Kingdom of Saudi Arabia (KSA) reaffirmed its commitment to accelerate the initial phase of its $5 billion investment in Pakistan, as stated in a joint announcement released by the Office of the…
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Pakistan, Japan pledge to strengthen trade ties | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and Japan pledged to enhance trade relations and collaboration during a meeting between Ambassador WADA Mitsuhiro and Federal Minister for Commerce, Jam Kamal Khan. They discussed ways to strengthen trade relations and mutual trust between Japan and Pakistan, as per a press release issued here. Mitsuhiro congratulated Khan on his recent portfolio,…
