Pakistan
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IMF instructs Pakistan to ‘strictly’ adhere to financial discipline
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[ad_1] Minister for Finance and Revenue Senator Ishaq Dar holds a meeting with the International Monetary Fund review mission led by Nathan Porter at Finance Division on January 31, 2023. — Twitter/@FinMinistryPak ISLAMABAD: The International Monetary Fund (IMF) Tuesday stressed on “strict adherence” to financial discipline in its talks with Pakistan as the two sides…
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IMF team due in Pakistan soon to discuss 9th review
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[ad_1] The International Monetary Fund’s (IMF) logo. — AFP/File ISLAMABAD: The International Monetary Fund (IMF) will be sending a delegation to Pakistan by the end of this month to discuss the stalled 9th Extended Fund Facility review, an official said. Islamabad is dealing with a severe economic crunch as the foreign exchange reserves are at…
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Dar’s bid to run economy sans IMF damaged Pakistan: Miftah
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[ad_1] Former finance minister Miftah Ismai and his successor Ishaq Dar. — AFP/Screengrab/BBC/File Pakistan Muslim League-Nawaz (PML-N) leader Miftah Ismail on Thursday took a jibe at his successor, Finance Minister Ishaq Dar, saying that the finmin spoke against him in public and questioned his ability. “I don’t know why Mr Dar was brought back but…
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IMF team to visit Pakistan from Jan 31 | The Express Tribune
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[ad_1] An International Monetary Fund mission will visit Pakistan later this month to discuss the stalled ninth review of the country’s current funding programme, the lender’s resident representative said on Thursday. “At the request of the authorities, an in-person Fund mission is scheduled to visit Islamabad January 31st – February 9th to continue the discussions…
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UAE president drops clues on ‘huge investment’ plans for Pakistan
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[ad_1] Prime Minister Shehbaz Sharif (right) photographed in a meeting with UAE president Mohammad Bin Zayed Al-Nahyan on January 25, 2023. — APP ISLAMABAD: United Arab Emirates (UAE) President Sheikh Mohamed Bin Zayed Al Nahyan Wednesday said his country was considering boosting its investment in Pakistan — which drastically needs such inflows to keep its…
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‘No fuel crisis in Pakistan’: Govt rubbishes rumours of oil shortage
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[ad_1] Consumers line up outside a PSO station in this undated photograph. — AFP/File Responding to the rising panic in the oil industry and amongst consumers, the federal government Friday ruled out any possibility of a fuel crisis in Pakistan, stating that the oil reserves required by the country were well in stock. The ministry…
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Pakistan to begin importing Russian crude oil from March
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[ad_1] Pakistani (left) and Russian delegations during the annual inter-governmental commission in Islamabad on January 20, 2023. — Photo by reporter ISLAMABAD: Minister of State for Petroleum Musadik Malik said Friday that Pakistan would begin importing crude oil from Russia in March after the conclusion of the annual inter-governmental commission held between Islamabad and Moscow. In…
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WB rejects ‘unfounded’ reports of delay in loan for Pakistan | The Express Tribune
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[ad_1] World Bank Country Director for Pakistan Najy Benhassine on Thursday rejected reports of a delay in loan approval for Pakistan. Taking to Twitter, Benhassine said that press reports about a World Bank decision to delay approval of potential Bank operations in Pakistan are “unfounded”. He added that the tentative board approval dates of all…
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US wants to see ‘economically sustainable’ Pakistan
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[ad_1] An undated image of US State Department Spokesperson Ned Price. — AFP/File US State Department Spokesperson Ned Price has said that Washington wants to see Pakistan in “an economically sustainable position” and Pakistan’s macroeconomic stability is a matter of discussion within the US government. The statement came during Wednesday’s briefing in response to a…
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US wants to see Pakistan ‘economically sustainable’ | The Express Tribune
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[ad_1] WASHINGTON: The United States wants to see Pakistan in an ‘economically sustainable’ position, US State Department spokesperson Ned Price said during a press briefing on Wednesday. The spokesperson was asked if the US was paying any attention to Pakistan after it had less than $5 billion left in its foreign exchange reserves or if…
