Pakistan
-
Pakistan IT exports could reach up to $10 billion under new policy: minister
.
[ad_1] Caretaker IT Minister Dr Umar Saif is addressing event at a local hotel in Islamabad on November 23, 2023. — Ministry of IT and Telecommunication Caretaker Minister for Information Technology and Telecommunications Dr Umar Saif has said Pakistan IT exports could reach up to $10 billion under the country’s first-ever IT Export Strategy. Speaking…
-
Global investors’ confidence in Pakistan rises | The Express Tribune
.
[ad_1] KARACHI: Pakistan has won back confidence of global investors as the country risk premium fell significantly from the peak of over 14% in June while its dollar-denominated Eurobond prices rose notably. Topline Securities CEO Mohammed Sohail said on social media platform X “Pakistan’s country risk premium has fallen significantly from its peak of 14.13%…
-
Pakistan needs $25b loans this FY: IMF | The Express Tribune
.
[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has revised Pakistan’s foreign loan requirements to $25 billion for this fiscal year — reducing it by $3.4 billion — and also lowered the economic growth projection to just 2%, turning down the government’s external as well as macroeconomic forecasts. Finance ministry sources said the IMF had also…
-
Pakistan to get ADB’s help for boosting power transmision system
.
[ad_1] Power transmission poles in a rural area of Pakistan seen in this undated photo. — AFP/File The Asian Development Bank (ADB) has pledged to lend $250 million to Pakistan to strengthen the power transmission system for sustainable economic growth of the country, the regional lender said on Friday. The aid will “help deliver reliable…
-
Petrol price drops in Pakistan for next fortnight
.
[ad_1] A fuel station attendant filling up a car at a petrol station. — AFP/File ISLAMABAD: In a relief to the inflation-struck masses, the caretaker government dropped the price of petrol by Rs2.04 per litre for the next fortnight. In a statement on Wednesday, the Ministry of Finance said the government revised the fuel prices…
-
Pakistan wins initial IMF approval to unlock $700m tranche under SBA
.
[ad_1] International Monetary Fund (IMF) building in Washington DC. — AFP/File In a positive development, Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement on the first review under a Stand-By Arrangement (SBA), subject to approval by the Executive Board of the global lender. Upon approval, Pakistan will have access to $700…
-
Pakistan set to receive $700m from IMF after bailout review | The Express Tribune
.
[ad_1] ISLAMABAD: The International Monetary Fund (IMF) on Wednesday announced a staff-level agreement with Pakistan on the completion of the first review of the $3 billion bailout package after Islamabad assured it of refraining from intervening in the currency market and continuing on the path of fiscal consolidation. In a statement issued after the end…
-
IMF chief says deal with Pakistan on review likely this week
.
[ad_1] Managing Director of the IMF Kristalina Georgieva attends the annual meetings of the IMF and the World Bank Group (WBG), in Marrakesh on October 12, 2023. — AFP International Monetary Fund (IMF) Managing Director Kristalina Georgieva was hopeful of reaching a deal with Pakistan soon on the first review of the $3 billion stand-by arrangement.…
-
Pakistan hopeful of ‘successful completion’ of first IMF review
.
[ad_1] In this file photo taken on April 15, 2020, a sign is seen outside the headquarters of the International Monetary Fund (IMF) in Washington, DC. — AFP With the negotiation between the International Monetary Fund’s (IMF) team and Pakistani authorities entering the final round, Islamabad is optimistic about the successful completion of the first…
-
Online shopping on the ascendancy in Pakistan | The Express Tribune
.
[ad_1] KARACHI: Online shopping has been on the rise in Pakistan since the pandemic with rising internet penetration and smartphone use along with a younger consumer base providing a boost to the rapidly evolving e-commerce industry. This was the consensus among the leading names in digital marketing who were part of a webinar on the…
