Pakistan
-
SBP notifies bank holiday on February 8 for Pakistan elections
.
[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 takes place in a few days, after more than five years. A notification issued by…
-
Petrol price increases in Pakistan
.
[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 Gas Regulatory Authority (OGRA). Updated POL prices go into effect from February 1 at midnight.…
-
NayaPay, Alipay+ to boost payments into Pakistan | The Express Tribune
.
[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 codes compatible with both RAAST and Alipay+ payment partners, including e-wallets and bank apps, thereby…
-
Pakistan, Dubai ink over $3bn investment pact in diverse fields
.
[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 over $3 billion have been signed between Pakistan and Dubai to cooperate in diverse field…
-
IMF releases $700m loan tranche for Pakistan
.
[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 previously agreed upon bailout programme, State Bank of Pakistan (SBP) Governor Jameel Ahmed confirmed Wednesday.…
-
Pakistan receives $700m tranche from IMF | The Express Tribune
.
[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 —equivalent to $705.6 million in value —from the IMF following the successful completion of the…
-
AMA propels financial inclusion in Pakistan | The Express Tribune
.
[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 adult population currently enjoys access to financial services, with a glaring gender gap as only…
-
Pakistan, Iran ready to boost trade to $5 billion: envoy
.
[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 Iran Mudassir Tipu said that the two countries are ready to increase their bilateral trade…
-
In a first, Pakistan launches credit guarantee company for SMEs
.
[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 country’s first special credit guarantee company namely the National Credit Guarantee Company Limited (NCGCL) to…
-
IMF board approves much-needed $700m loan for Pakistan
.
[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 review of Pakistan’s economic reform programme supported by a standby arrangement (SBA), the Ministry of…
