Pakistan
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IMF says will reach staff-level agreement with Pakistan ‘soon’
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[ad_1] A woman walks past a building of the International Monetary Fund. — AFP/File ISLAMABAD: As Pakistan faces one of its worst economic turmoils in recent history, the International Monetary Fund (IMF) Wednesday expressed confidence in reaching a staff-level agreement (SLA)…
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IMF deal: UAE likely to commit financial support to Pakistan this week
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[ad_1] An undated image of stacks of US dollars placed on a table. — AFP/File ISLAMABAD: The United Arab Emirates (UAE) is likely to commit $1 billion this week in financing to help Pakistan meet one of the final conditions…
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Gold rate in Pakistan races to historic high
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[ad_1] A representational image of gold bangles. — AFP/File Gold price jumped to a historic high in Pakistan after the rupee’s record depreciation against the dollar stampeded investors towards the safe-haven metal. The price of gold (24 carats) increased by…
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Gold price hits historic high of Rs217,700 per tola in Pakistan
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[ad_1] An undated image of gold bars. — AFP/File Gold rate on Monday jumped to a historic high after the Pakistani rupee slumped significantly against the US dollar as the country struggles to secure external financing. According to the data…
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‘Pakistan not a beggar’: Dar says IMF can’t stop member’s finmin from attending meeting
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[ad_1] Finance Minister Ishaq Dar addresses a press conference via video from Islamabad, on April 8, 2023, in this still taken from a video. — YouTube/PTVNews Finance Minister Ishaq Dar Saturday came out to clarify that Prime Minister Shehbaz Sharif…
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SFD to provide $240m to Pakistan for advancement of dam project
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[ad_1] Federal Secretary for Ministry of Economic Affairs and SFD CEO Sultan Abdulrahman Al-Marshad shake hands after signing the loan agreement on April 7, 2023. — Twitter/@eadgop The Ministry of Economic Affairs on Friday signed a $240 million loan agreement…
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Gold price increases by Rs100 per tola in Pakistan
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[ad_1] Representational image. — AFP/File Gold price in the local market gained ground Thursday despite a drop in the rate of the commodity in the international market. According to the data released by All-Pakistan Sarafa Gems and Jewellers Association, the…
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US think tank says Pakistan faces ‘real danger’ of defaulting on its debt
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[ad_1] Shipping containers are seen stacked on a ship at a sea port in Karachi on April 6, 2023. — AFP As Pakistan is going through one of its biggest economic crises in history — the Washington-based think tank United…
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US to ‘help Pakistan’ unlock IMF deal
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[ad_1] Blome expresses confidence in policies of the government [ad_2] Source link
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Gold price in Pakistan registers losses
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[ad_1] An undated image of gold jewellery displayed at a store. — AFP/File Gold rate in the local market fell by Rs2,500 per tola after the rupee recovered, prompting investors to shift focus towards riskier assets, breaking the precious commodity’s…
