Pakistan
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SBP notifies bank holiday on February 8 for Pakistan elections
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[ad_1] The State Bank of Pakistan (SBP) on Tuesday announced bank holiday across the country on February 8 (Thursday), the day of much-anticipated general election. Pakistan is set to stage the most crucial polls in its history as the ballot…
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Petrol price increases in Pakistan
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[ad_1] A person fills their car’s tank at a fuel station in this undated file image. — AFP The caretaker government has hiked the petrol price by Rs13.55 per litre for the next fortnight, on the recommendation of Oil and…
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NayaPay, Alipay+ to boost payments into Pakistan | The Express Tribune
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[ad_1] Financial platform NayaPay has partnered with digital payments and marketing platform Alipay+, with the collaboration expected to benefit digital payments in the country. “The collaboration between NayaPay and Alipay+ is set to make a significant impact by deploying QR…
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Pakistan, Dubai ink over $3bn investment pact in diverse fields
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[ad_1] Caretaker PM Anwaar-ul-Haq Kakar witnesses signing of Inter-Governmental Framework Agreements between Ministries of Communications, Railways and Maritime Affairs of Pakistan and the Dubai government represented by DP World on January 18, 2024. — PID Two inter-governmental framework agreements worth…
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IMF releases $700m loan tranche for Pakistan
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[ad_1] The seal for the International Monetary Fund is seen in Washington, US, on January 10, 2022. — AFP In a significant development for Pakistan’s struggling economy, the International Monetary Fund (IMF) has disbursed $700 million as part of the…
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Pakistan receives $700m tranche from IMF | The Express Tribune
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[ad_1] Pakistan on Thursday received $700 million from the International Monetary Fund (IMF) as part of its bailout programme, the State Bank of Pakistan (SBP) confirmed in a statement. According to SBP, it received Special Drawing Rights (SDR) 528 million…
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AMA propels financial inclusion in Pakistan | The Express Tribune
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[ad_1] In a transformative stride toward financial inclusion, the Asaan Mobile Account (AMA) platform has emerged as a beacon for underserved communities in Pakistan, providing unprecedented access to branchless financial services. According to recent data, a mere 30% of Pakistan’s…
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Pakistan, Iran ready to boost trade to $5 billion: envoy
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[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…
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In a first, Pakistan launches credit guarantee company for SMEs
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[ad_1] Caretaker Minister for Finance, Revenue and Economic Affairs Dr Shamshad Akhtar addresses the inauguration ceremony of National Credit Guarantee Company Limited (NCGCL) on January 12, 2024 in Islamabad. — X/@Financegovpk ISLAMABAD: The Finance Ministry and Karandaaz Friday launched the…
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IMF board approves much-needed $700m loan for Pakistan
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[ad_1] IMF’s logo on a building’s door. — AFP/File In an encouraging move, the International Monetary Fund’s (IMF) Executive Board on Thursday approved a $700 million loan tranche for Pakistan. The loan was released after the board completed its first…
