Pakistan
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We welcome IMF programme to support Pakistan: Blinken
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[ad_1] US Secretary of State Antony Blinken at a press conference at Ramstein Air Base in Germany on September 8, 2021. — AFP/File US Secretary of State Antony Blinken on Thursday urged the Pakistan government to continue working with the International Monetary Fund (IMF) towards macroeconomic reforms and sustainable economic recovery. His comments came after the…
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Gold rates see major increase in Pakistan
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[ad_1] A man stands behind a gold shop window in Istanbul. — AFP/File KARACHI: The rates of gold in Pakistan increased by Rs4,000 on Thursday in line with developments in the international market. The price of gold (24 carats) gained Rs4,000 per tola and Rs3,429 per 10 grams to settle at Rs200,000 and Rs178,326, respectively, according…
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IMF board green-lights $3 billion SBA for Pakistan
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[ad_1] The seal for the International Monetary Fund is seen in Washington, D.C., Jan. 10, 2022. — AFP The International Monetary Fund (IMF) Executive Board on Wednesday approved a staff-level agreement reached with Pakistan on a short-term stand-by deal. “Today, the Executive Board of the International Monetary Fund (IMF) approved a 9-month Stand-By Arrangement (SBA)…
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Pakistan receives $1bn from UAE after IMF deal: Dar
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[ad_1] Finance Minister Ishaq Dar is addressing the media in this still taken from a video on July 12, Wednesday. — YouTube/GeoNews Pakistan has received $1 billion from the United Arab Emirates (UAE) days after clinching deal with the International Monetary Fund (IMF) on Stand-By Arrangement (SBA), Finance Mnister Ishaq announced on Wednesday. “We have…
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Gold price in Pakistan gains Rs1,800 per tola
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[ad_1] The picture shows a piece of gold in a hand. — AFP/File KARACHI: For the second day, the prices of gold made minor gains despite the depreciation in the internal market on Thursday. The gold price (24 carats) increased by Rs1,800 per tola and Rs1,543 per 10 grams to settle at Rs207,800 and Rs178,155,…
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PM Shehbaz says Pakistan to fulfil commitments made to IMF
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[ad_1] Prime Minister Shehbaz Sharif addressing a ceremony in Islamabad, on July 5, 2023, in this still taken from a video. — YouTube/PTVNewsLive Pakistan will fulfill commitments made to the International Monetary Fund (IMF) to secure a short-term financing deal, which helped the cash-strapped nation avert a possible default, Prime Minister Shehbaz Sharif said Wednesday.…
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Stocks rally as Pakistan, IMF strike deal after nine-month delay
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[ad_1] An investor talks on his phone at the Pakistan Stock Exchange. — AFP/File KARACHI: Following Pakistan’s staff-level agreement with the International Monetary Fund (IMF) over the weekend, Pakistan Stock Exchange (PSX) Monday witnessed a bullish trend as the KSE-100 benchmark index gained over 2,000 points. The index opened in the green zone and remained…
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Pakistan set to become 4th biggest IMF debtor | The Express Tribune
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[ad_1] KARACHI: Pakistan will become the fourth largest International Monetary Fund (IMF) borrower in the world after receiving additional loans of $3 billion in the next nine months under the standby arrangement from the global lender. According to the lender’s data, as on March 31, 2023, Pakistan was ranked fifth in the list of countries…
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Miftah believes Pakistan ‘back on right track’ with IMF deal
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[ad_1] Former finance minister Miftah Ismail addressing a press conference. — APP/File Following the announcement of a staff-level agreement (SLA) with the International Monetary Fund (IMF) agreement, former finance minister Miftah Ismail on Friday said that the default threat looming over the county will receded and “Pakistan is now firmly back on the right track”.…
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Pakistan, IMF clinch deal on $3 billion ‘stand-by arrangement’
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[ad_1] The International Monetary Fund building in Washington. — AFP/File In a major breakthrough on Friday, the International Monetary Fund (IMF) announced reaching a staff-level agreement (SLA) with Pakistan on $3 billion “stand-by arrangement” (SBA). “I am pleased to announce that the IMF team has reached a staff-level agreement with the Pakistani authorities on a…
