Pakistan
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Dar not pleased with Moody’s downgraded rating for Pakistan
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[ad_1] Finance Minister Ishaq Dar. — AFP/File ISLAMABAD: Expressing his displeasure over Moody’s Investor Service for downgrading Pakistan’s sovereign credit rating, Finance Minister Ishaq Dar Friday said he discussed the matter with the credit rating agency. A day earlier, the agency had cut Pakistan’s sovereign credit rating by one notch to Caa1 from B3 after…
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Pakistan needs sustainable export led growth: Iqbal | The Express Tribune
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[ad_1] ISLAMABAD: “Pakistan desperately needs to take measures to bring the country’s economy out of crisis through sustainable export led economic growth,” said Minister for Planning and Development Ahsan Iqbal on Thursday. Addressing the closing ceremony of a two-day international conference on Productivity Accreditation and Certification, organised by National Productivity Organisation (NPO) on the occasion…
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Pakistan expected to get up to $2.5b in flood-relief support from ADB
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[ad_1] An image of the headquarters of the Asian Development Bank (ADB). — ADB website/File ISLAMABAD: The Asian Development Bank (ADB) Wednesday announced $2.3 to 2.5 billion in relief support for Pakistan after deadly floods wreaked havoc on the country, taking over 1,700 lives. ADB said the relief would include $1.5 billion for the Balochistan…
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ADB to provide up to $2.5b for Pakistan flood relief | The Express Tribune
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[ad_1] ISLAMABAD: The Asian Development Bank will provide flood relief support to Pakistan to the tune of $2.3 to $2.5 billion including $1.5 billion for the BRACE programme which will be placed before the ADB board for approval this month. This was assured by the Country Director of Asian Development Bank Yong Ye who called…
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Pakistan did not breach IMF’s condition by slashing petrol price: Aisha Ghaus Pasha
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[ad_1] Minister of State for Finance and Revenue Aisha Ghaus Pasha. — Twitter/@AishaGPasha ISLAMABAD: Pakistan has not breached any of the conditions laid forth by the International Monetary Fund (IMF) after the government reduced the price of petroleum products, assured Minister of State for Finance and Revenue Aisha Ghaus Pasha on Tuesday. Speculations regarding the…
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IMF says policy commitments made by Pakistan continue to apply | The Express Tribune
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[ad_1] Listen to article The resident representative of the International Monetary Fund (IMF) said on Monday that policy commitments made by Pakistani authorities to resume the support programme continue to apply. “Policy commitments made by the Pakistani authorities as part of the Seventh and Eighth review under their IMF-support programme continue to apply,” IMF representative in Islamabad…
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Pakistan’s medical equipment export grown by over 40%: Healthcare Devices Association of Pakistan
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[ad_1] Internationally, 56% of 500,000 medical equipment items available in the world market have Iranian versions. — AFP/File TEHRAN: Iran and Pakistan discussed ways to enhance cooperation on medical equipment during a webinar held on October 2, the Ministry of Foreign Affairs said in a statement on Monday. The webinar was attended by the head…
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What could be latest petrol price in Pakistan from October 01?
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[ad_1] Representational image of a man refilling fuel tank. — AFP/File The government is likely to slash prices of diesel and petrol by Rs15 and Rs5, respectively from October 1, 2022, as the POL rates nosedived in the international markets, sources within the industry said Tuesday. Sources revealed that the cut in POL prices will…
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IMF has indicated willingness to ease Pakistan loan conditions, Miftah Ismail says
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[ad_1] Finance Minister Miftah Ismail. -File/APP NEW YORK: In a major relief for the struggling Pakistan economy, the International Monetary Fund (IMF) has indicated a willingness to relax the tough conditions under which the country signed the loan programme. This was shared by Minister for Finance Miftah Ismail who is in New York along with…
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Pakistan to receive $1.7b from World Bank in flood relief assistance
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[ad_1] Martin Raiser, the World Bank’s Regional Vice President for South Asia called on Power Minister Khurram Dastgir in Islamabad on September 22, 2022. PID Martin Raiser, the World Bank’s Regional Vice President for South Asia, said the bank plans to provide up to $ 1.7 billion in flood-related assistance through existing and upcoming projects.…
