Pakistan
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Moody’s fears Pakistan will fail to revive IMF programme | The Express Tribune
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[ad_1] KARACHI: Moody’s Investors Service on Wednesday said Pakistan is feared to fail on reviving the International Monetary Fund (IMF)’s stalled loan program worth $6.7 billion by the time it officially expires in two weeks on June 30. Without the IMF on board, the risk of the nation’s default on foreign debt repayment has sharpened…
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Gold price in Pakistan continues downward trajectory
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[ad_1] Gold bangles are displayed at a jewellery store in this undated file photo. — AFP/File KARACHI: The gold price in Pakistan on Tuesday continued to lose its shine for the second consecutive day this week due to several reasons including the market being deserted ahead of cyclone Biparjoy. The price of gold (24 carats)…
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Pakistan seeks fast-track refinancing of $1.3b loans | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Monday requested China to fast-track the refinancing of maturing commercial loans of $1.3 billion and apprised it of the diminishing prospects of revival of the International Monetary Fund (IMF) loan programme. The request was made by Finance Minister Ishaq Dar during a meeting with China’s Charge d’affaires Pang Chunxue at the…
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Gold continues to lose shine, falls by Rs1,750 in Pakistan
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[ad_1] An undated image of gold jewellery displayed at a store. — AFP KARACHI: The gold prices in Pakistan continued to decline on Monday in line with the depreciation of the rupee against the dollar. The price of gold (24 carats) lost Rs1,750 per tola and Rs1,500 per 10 grams to settle at Rs225,500 and…
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Gold rate falls by over Rs2,000 in Pakistan
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[ad_1] This is a representational image of a person holding gold chains. — AFP/File KARACHI: The rates of gold in Pakistan ended the week on Saturday by losing over Rs2,000 following a decrease in the prices in the international market. The price of gold (24 carats) fell by Rs2,050 per tola and Rs1,758 per 10 grams…
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Pakistan, Turkmenistan ink JIP for TAPI | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and Turkmenistan on Thursday signed a Joint Implementation Plan (JIP) in a bid to expedite work on the Turkmenistan, Afghanistan, Pakistan, and India (Tapi) gas pipeline project and complete the feasibility of the project at the earliest. The JIP was signed by Minister of State for Petroleum Dr Musadik Malik and State Minister and…
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Pakistan falls short of all economic targets as floods and politics weigh, reveals Economic Survey FY23
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[ad_1] Finance Minister Ishaq Dar addressing the press conference after unveiling the Pakistan Economic Survey Pakistan’s GDP growth rate came to a crawl in the ongoing fiscal year — one of the worst in terms of meeting annual macroeconomic targets — dragged down by agitational politics, cataclysmic floods, trade barriers, and a dangling International Monetary…
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Pakistan to leave 21% policy rate unchanged: analysts | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s central bank is widely expected to keep its key interest rate unchanged at 21% on Monday after aggressive rate hikes since April last year to tackle record-high inflation amid the nation’s worst-ever economic crisis. The country’s key rate has been raised by a massive 1125 basis points (bps) since April 2022 and…
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After 13-year hiatus, Pakistan to get USAID fund for development
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[ad_1] Economic Affairs Division Secretary Dr Kazim Niaz and USAID Mission Director to Pakistan Reed Aeschliman signed a new five-year bilateral on June 7, Wednesday. — Twitter/eadgop The United States Agency for International Development (USAID) on Wednesday announced $445.6 million in grant to support socio-economic development in Pakistan. Economic Affairs Division Secretary Dr Kazim Niaz…
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Gold price in Pakistan declines for third consecutive day
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[ad_1] An undated file image of gold sets displayed at a jewellery store. — AFP/File The gold price in Pakistan witnessed a slide for the third day in a row, declining by Rs800 per tola on Wednesday. The price of gold (24 carats) fell to Rs227,300 per tola after losing Rs800 and the price of…
