Pakistan
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Pakistan to repay $1b bond early: SBP governor | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan will repay a $1 billion international bond on December 2, three days before its due date, the governor of the State Bank of Pakistan (SBP) told a briefing on Friday. There has been growing uncertainty about the ability of Pakistan to meet external financing obligations with the country in the midst of…
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Pakistan, others face risk of currency crisis | The Express Tribune
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[ad_1] LONDON: Nomura has warned that seven countries – Pakistan, Egypt, Romania, Sri Lanka, Turkey, Czech Republic and Hungary – are now at a high risk of currency crises. The Japanese bank said that 22 of the 32 countries covered by its in-house “Damocles” warning system have seen their risk rise since its last update…
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Gold trims gains in Pakistan, closes week with over 1% gain
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[ad_1] Gold bangles. — AFP/File KARACHI: Gold traded flat on Saturday, retaining gains registered during the week as investors waited for action from the policymakers in hopes that it would do more to tackle the economic crisis. Data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of gold…
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World Bank to provide financial support of $1.3b to Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: Regional Director World Bank for Sustainable Development John A Roome on Wednesday said that the bank would provide financial support of $1.3 billion to Pakistan for an emergency, agriculture and housing relief. According to an official statement, the regional director WB said this during a meeting with Minister for National Food Security and…
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‘Good news’: UK removes Pakistan from its ‘High Risk Third Countries’ list
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[ad_1] Pakistan´s Foreign Minister Bilawal Bhutto Zardari speaks during a press conference in Karachi on October 15, 2022. — AFP/File Foreign Minister Bilawal Bhutto-Zardari Monday shared “some good news”, announcing that the United Kingdom has officially removed Pakistan from its ‘High-Risk Third Countries’ list. Sharing a picture of the official document on his Twitter handle,…
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Pakistan must take the lead at COP27 | The Express Tribune
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[ad_1] ISLAMABAD: The 27th meeting of the Conference of the Parties (COP) of the United Nations Climate Change Conference (UNFCCC), or more commonly referred to as COP27, is being held from November 6th-18th, 2022, in Sharm El Sheikh, Egypt. Pakistan has a very strong case to present at COP27, as we continue to suffer the…
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Gold shines, jumps Rs2,250 per tola in Pakistan
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[ad_1] A representational image of gold bangles. — AFP/File KARACHI: The gold price in Pakistan jumped over Rs2,000 per tola surpassing the key level of Rs155,000 per tola in line with a surge in demand due to the wedding season. Data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the…
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Pakistan set to receive $500m from AIIB for development programme: FinMin
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[ad_1] The logo of the Asian Infrastructure Investment Bank (AIIB) can be seen at its headquarters in Beijing, China. — AFP/File ISLAMABAD: The Asian Infrastructure Investment Bank (AIIB) will extend $500 million as co-financing for a development programme in Pakistan, Finance Minister Ishaq Dar announced Wednesday. “These funds will be received by the State Bank…
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SBP, NBP to withdraw appeals against imposing Islamic banking system in Pakistan: Dar
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[ad_1] Finance Minister Ishaq Dar speaks during a press conference in Islamabad, on November 9, 2022. — YouTube/PTVNewsLive ISLAMABAD: Finance Minister Ishaq Dar said Wednesday that the State Bank of Pakistan (SBP) and the National Bank of Pakistan (NBP) would withdraw their petitions from the Supreme Court of Pakistan against the judgment of the Federal…
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Pakistan to get $500m from AIIB for uplift scheme | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan will receive $500 million as co-financing for the BRACE development programme from the Asian Infrastructure Investment Bank (AIIB), Finance Minister Ishaq Dar said on Wednesday. The BRACE (Building Resilience with Active Counteryclical Expenditures Programme) is an Asian Development Bank financing programme to counter the social fallouts of economic crisis. “These funds will…
