Pakistan
-
IMF says will reach staff-level agreement with Pakistan ‘soon’
.
[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) soon with the nation as the government struggles to avoid a possible default. IMF Director…
-
IMF deal: UAE likely to commit financial support to Pakistan this week
.
[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 for an International Monetary Fund (IMF) deal that Islamabad needs to avert a default, Geo…
-
Gold rate in Pakistan races to historic high
.
[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 Rs600 per tola and Rs514 per 10 grams to settle at Rs218,300 and Rs187,157, respectively,…
-
Gold price hits historic high of Rs217,700 per tola in Pakistan
.
[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 released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats)…
-
‘Pakistan not a beggar’: Dar says IMF can’t stop member’s finmin from attending meeting
.
[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 requested him to postpone his US visit, snubbing the buzz that International Monetary Fund (IMF)…
-
SFD to provide $240m to Pakistan for advancement of dam project
.
[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 with the Saudi Fund for Development (SFD) for the development of the Mohmand Multipurpose Dam…
-
Gold price increases by Rs100 per tola in Pakistan
.
[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 gold rate (24 carats) increased by Rs100 per tola and Rs85 per 10 grams to…
-
US think tank says Pakistan faces ‘real danger’ of defaulting on its debt
.
[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 States Institute of Peace (USIP) — has warned that there is “a real danger that…
-
US to ‘help Pakistan’ unlock IMF deal
.
[ad_1] Blome expresses confidence in policies of the government [ad_2] Source link
-
Gold price in Pakistan registers losses
.
[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 three-session winning streak. The gold rate (24 carats) fell by Rs2,500 per tola and Rs2,142…
