Pakistan
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Pakistan, Japan to execute water supply scheme | The Express Tribune
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[ad_1] ISLAMABAD: Japan is the second largest donor to Pakistan and since 1954 Tokyo has provided ¥1.35 trillion for Pakistan through concessionary loans, grants and technical assistance for vocational training, energy sector, road and transport, said Ambassador of Japan Mitsuhiro Wada. In a meeting with Minister for Economic Affairs Omar Ayub Khan on Monday, the…
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Second phase of CPEC to bring investment worth billions of dollars in Pakistan: SAPM Mansoor
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[ad_1] Special Assistant to the Prime Minister on CPEC Affairs Khalid Mansoor addresses a press conference in Islamabad. Photo: PID ISLAMABAD: Special Assistant to the Prime Minister on CPEC Affairs Khalid Mansoor has said that most of the Chinese firms expressed their deep interest in investing in Pakistan during Prime Minister Imran Khan’s recent two-day…
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‘Pakistan aims to set up semiconductors zone with China’s help’ | The Express Tribune
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[ad_1] BEIJING: Pakistan has proposed an ambitious plan to build the semiconductors zone with the help of China, converting the country to self-sufficiency in modern gadgets and opening new avenues for development. This was stated by Federal Minister for Information and Broadcasting, Fawad Chaudhry in an interview. He said during the visit of Prime Minister…
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Pakistan to get $3b from IMF in next 7 months | The Express Tribune
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[ad_1] KARACHI: Pakistan is scheduled to receive the remaining $3 billion under the International Monetary Fund’s (IMF) $6 billion loan programme over the next seven months, which will help stabilise its foreign exchange reserves and strengthen the rupee. The IMF has released $1.05 billion after completion of the sixth review, taking the total amount to…
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IMF slaps six new conditions on Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has slapped six more conditions on Pakistan, including increasing individual income tax rates and power tariffs while also faulted Finance Minister Shaukat Tarin’s first budget for increasing macroeconomic vulnerabilities. The IMF on Friday released its detailed report on the health of Pakistan’s economy and the status of the…
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Pakistan moves to address China’s Gwadar concerns | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has agreed to include the much-delayed Gwadar power plant in its highest priority schemes for clearance of electricity purchase dues in a bid to address the biggest concern of China. The step will also help provide electricity to the crown of China-Pakistan Economic Corridor – Gwadar – that faces 12 to 16…
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Pakistan Oilfields’ profit soars 141% to Rs7.3b | The Express Tribune
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[ad_1] KARACHI: Pakistan Oilfields Limited’s profit skyrocketed 140.7% to Rs7.3 billion in the quarter ended December 31, 2021 due to a sharp rise in other income and an uptick in sales. According to a notice sent to the Pakistan Stock Exchange on Friday, the oil and gas exploration company had reported a profit of Rs3.03…
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Chinese firms interested in expanding investments in Pakistan
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[ad_1] The Chinese corporate leaders briefing Prime Minister Imran Khan about the progress of their ongoing projects in Pakistan in a virtual meeting. -Radio Pakistan BEIJING: Prime Minister Imran Khan held a series of meetings with leaders of China’s leading state-owned and private companies in Beijing on Friday, who evinced keen interest in expanding investments…
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IMF expresses concerns over rising inflation in Pakistan
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[ad_1] The economy is set to continue recovering in FY 2022, with real GDP growth projected at 4%. The International Monetary Fund (IMF) has expressed concerns over rising inflation and widening current account deficit of Pakistan. In a statement, the IMF said that Pakistan entered the COVID-19 pandemic with strengthened buffers, following the approved EFF…
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IMF approves $1 billion loan tranche for Pakistan
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[ad_1] A picture of the IMF headquarters in Washington DC. — AFP/File The International Monetary Fund’s (IMF) Executive Board on Wednesday approved Pakistan’s request for an $1 billion loan tranche. The country’s finance minister, Shaukat Tarin, took to his official Twitter account and confirmed the news. “I am pleased to announce that IMF Board has…
