Pakistan
-
IMF approves $1b loan tranche for Pakistan | The Express Tribune
.
[ad_1] ISLAMABAD: The executive board of the International Monetary Fund on Wednesday revived Pakistan’s stalled programme and cleared $1 billion tranche after Islamabad gave absolute autonomy to the central bank and took around Rs800 billion measures. The executive board, that met in Washington, also waived off few conditions to pave the way for the release…
-
Pakistan to lend Sri Lanka $200mn: report
.
[ad_1] Pakistan will lend Sri Lanka $200mn. ISLAMABAD: Pakistan has decided to give Colombo a $200 million loan for the purchase of rice and cement, said a Sri Lankan media report. The decision was made during a recent visit of the Sri Lankan trade minister to Islamabad, the report said. However, the terms and duration…
-
Inflation soars to two-year high in Pakistan: PBS
.
[ad_1] Photo: file ISLAMABAD: The inflation rate continued its upward trajectory for the fifth consecutive month and reached another peak of 12.96% in January, making it the highest in nearly two years, data from the Pakistan Bureau of Statistics (PBS) showed Tuesday. Pakistan had reported 14.6% inflation rate in January 2020. The Consumer Price Index…
-
Black rice makes its way to Pakistan | The Express Tribune
.
[ad_1] KARACHI: The government’s export promotion policies are bearing fruit as businessmen are looking forward to diversifying their exports and introducing new varieties of products. An ancient Chinese royal food – black rice – has made its way to Pakistan and it has the potential to fetch three times greater export revenue for the country.…
-
Pakistan to seek loans from Russia, China, Kazakhstan
.
[ad_1] Islamabad is planning to spend $2 billion on the ML-1 Railways project while $3 billion from China will be used to strengthen dwindling forex reserves. -File photo ISLAMABAD: The federal government has decided to seek $5 billion in loans from China, Russia and Kazakhstan as the country make desperate efforts to stabilise forex reserves,…
-
Pakistan launches $1bn Ijara Sukuk in global market
.
[ad_1] ISLAMABAD: Pakistan on Monday launched the $1 billion Islamic bond — Ijara Sukuk — in the global capital market at 7.95 per cent return payable on a semi-annual basis with a maturity of seven years i.e. January 31, 2029. Listed at the London Stock Exchange, the latest Sukuk bond turned out to be the…
-
Cryptocurrency in Pakistan: All you need to know
.
[ad_1] Watch the video to learn how we can trade in cryptocurrency in Pakistan [ad_2] Source link
-
Pakistan, ADB ink six financial accords worth over $1.54 bn
.
[ad_1] Pakistan and Asian Development Bank signed six financing agreements amounting to $1.54 billion. Photo: ADB Twitter ISLAMABAD: Pakistan and Asian Development Bank (ADB) on Wednesday signed six financing agreements worth $1,543 million for energy sector reforms, social protection, urban infrastructure, road sector, and water resources. Economic Affairs Division Secretary Mian Asad Hayaud Din and…
-
Inflation likely to remain high in Pakistan for next six months: EIU
.
[ad_1] — AFP/File Inflation is likely to remain high in Pakistan for the next six months and the rupee is expected to continue on a depreciatory path despite a support package from Saudi Arabia, the Economic Intelligence Unit (EIU) said. The research and analysis division’s assessment comes after the Pakistan Bureau of Statistics (PBS) reported…
-
Fuel prices hit new high in Pakistan
.
[ad_1] — AFP/File The government early Friday hiked the price of petrol by Rs8.03 per litre, a day after Prime Minister Imran Khan warned that the rate of petroleum products would witness a rise. The new price of petrol stands at Rs145.82 per litre after the increase, according to a notification from the finance ministry.…
