Pakistan
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Correcting West’s narrative on Pakistan | The Express Tribune
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[ad_1] KARACHI: Pakistan’s economy is poised to enter a sustainable growth phase after achieving recent stability. This is evident as renowned global credit rating agencies, including Fitch and Moody’s, upgraded Islamabad’s credit rating in July and August. These upgrades acknowledge that Pakistan has navigated out of economic and financial dangers, averting a major risk of…
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Pakistan seeks to renegotiate power deals to slash unsustainable electricity costs, says minister Leghari | The Express Tribune
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[ad_1] Pakistan is renegotiating contracts with independent power producers to rein in “unsustainable” electricity tariffs, Energy Minister Awais Ahmad Leghari has said as power customers tackle with soaring unsustainable costs. Rising power tariffs have stirred social unrest and shuttered industries in the $350 billion economy, which has contracted twice in recent years as inflation hit record…
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Not on IMF agenda, but Pakistan hopes to secure bailout | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Tuesday that the government was at the “advanced stages” of getting assurances about external financing but he again did not give a firm timeframe to conclude the pending $7 billion deal with the International Monetary Fund (IMF). The statement came the day the IMF released its executive…
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Pakistan ‘striving’ to meet IMF terms amid resistance to tax reforms
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[ad_1] Finance Minister Muhammad Aurangzeb calls on Prime Minister Muhammad Shehbaz Sharif in Islamabad. — Online/File Hoping that Pakistan will no longer have to rely on the lender of last resort for external funding in the future, Prime Minister Shehbaz Sharif has said that the government is actively taking measures to meet the International Monetary…
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Pakistan records lowest inflation in nearly three years | The Express Tribune
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[ad_1] Listen to article Pakistan’s consumer price index (CPI) rose by 9.6 per cent year-on-year (YoY) in August, marking a 34-month low, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday. The CPI, which tracks household inflation by measuring price changes across various categories of household expenditure, showed a notable decline from the…
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Petrol price in Pakistan goes down by Rs1.86 per litre
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[ad_1] A view of large number of motorcyclist filling fuel from PSO petrol pump in Hyderabad on July 2, 2022. — APP ISLAMABAD: Following the approval of Prime Minister Shehbaz Sharif, the federal government on Saturday announced reduction in petrol price by Rs1.86 per litre for the third time in a row. The new fuel…
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Pakistan approves PWD closure and ML-1 financing agreement with China | The Express Tribune
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[ad_1] Listen to article The federal cabinet, under the leadership of Prime Minister Shehbaz Sharif, has approved the immediate closure of the Pakistan Public Works Department (PWD) and the implementation of the first phase of the ML-1 railway project. During today’s cabinet meeting, a two-point agenda was discussed and approved. The first point on the agenda involved…
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Pakistan to pay Rs18.7 trillion in debt this year: Finance ministry | The Express Tribune
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[ad_1] The federal government has released details of national and foreign debt up to June this year, as reported by the Ministry of Finance. The data was presented to the National Assembly. As of June this year, Pakistan’s domestic debt stood at Rs71 trillion, comprising over Rs47 trillion in domestic loans and more than Rs24…
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IMF Executive Board’s schedule up to September 4 ‘excludes Pakistan’
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[ad_1] The International Monetary Fund’s logo is seen outside the global lender’s headquarters in Washington,US, April 20, 2018. — Reuters The International Monetary Fund (IMF) has released its executive board meeting schedule through September 4, 2024, and sources in the Finance Division indicate that Pakistan, which direly needs external funding to bail out its economy,…
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Pakistan seeks Turkish expertise to enhance aviation industry | The Express Tribune
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[ad_1] Listen to article Finance Minister, Senator Muhammad Aurangzeb has highlighted the significance of collaboration with Turkiye in the aviation sector, describing it as a “vital component” of the two nations’ bilateral relations. His remarks came during a meeting on Friday with the Chairperson of Pegasus Airlines, Mehmat T. Nane, and the CEO of Lucky Cement Limited,…
