Pakistan
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Moody’s warns of liquidity risks for Pakistan despite IMF agreement
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[ad_1] Signage is seen outside the Moody’s Corporation headquarters in Manhattan, New York, US, November 12, 2021. — Reuters Moody’s Ratings said on Tuesday that the new International Monetary Fund (IMF) deal will open financing avenues for Pakistan, but liquidity risks remain if the reforms are not implemented stringently and failure to do so could…
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Pakistan to achieve macroeconomic stability with IMF deal: Aurangzeb
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[ad_1] Finance Minister Muhammad Aurangzeb speaks during an interview with AFP at the Embassy of Pakistan in Washington, DC on April 15. — AFP ISLAMABAD: Finance Minister Muhammad Aurangzeb on Saturday said that Pakistan will achieve macroeconomic stability with the help of a newly signed agreement with the International Monetary Fund (IMF). The minister’s remarks…
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Pakistan secures $7 billion EFF deal | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and the International Monetary Fund have reached a staff level agreement for a $7 billion Extended Fund Facility programme -in a deal that in short-term inflicts heavy burden on the nation but also ends decades-old protections to agriculturists and exporters. The global lender announced the three-year 24th programme deal only after Pakistan…
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Pakistan, IMF reach SLA on new $7bn loan deal
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[ad_1] The International Monetary Fund’s (IMF) logo. — AFP/File WASHINGTON: In a major development, Pakistan and the International Monetary Fund (IMF) reached a three-year, $7 billion aid package deal, giving much-needed respite to the cash-strapped country, the Washington-based institution said on Friday. The new program, which needs to be validated by the fund’s Executive Board,…
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Ease of doing business: cases of Malaysia, Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: In 2010, Malaysia was ranked No 116 in the world in terms of ease of construction permits, which was one of the many parameters that the World Bank used to compare countries on the “Ease of Doing Business”. On the instructions of then prime minister Najib Razak, a high-powered task force with equal…
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Modernisation of ports can help Pakistan earn billions of dollars: PM
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[ad_1] Prime Minister Shehbaz Sharif chairs the meeting regarding Karachi Port Trust, Port Qasim Authority and Pakistan National Shipping Corporation in Karachi on July 7, 2024. — PID KARACHI: Prime Minister Shehbaz Sharif on Sunday said that Pakistan could earn billions of dollars via modernisation of its ports and cash in on the country’s geographic…
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Oil, gas exploration sector announces $5 billion investment in Pakistan
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[ad_1] A general view of oil drilling equipment on federal land near Fellows, California, U.S., April 15, 2023. — Reuters ISLAMABAD: Reposing full trust in Prime Minister Shehbaz Sharif-led government’s pro-investor policies, a group of Oil and gas exploration and production (E&P) giants aims to spend $5 billion to tap new energy in energy-strapped Pakistan,…
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Gold price in Pakistan gains Rs1,000 per tola | The Express Tribune
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[ad_1] KARACHI: The price of gold per ounce rose by $10 In the international bullion market, reaching $2,355, up from the previous $2344. Yesterday, the price of gold per ounce rose by $21, bringing the new global price to $2,345 per ounce. The local bullion markets saw a rise in the price of 24-carat gold,…
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New IMF deal on cards as Pakistan ‘fulfils all requirements’
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[ad_1] This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. — AFP KARACHI: The Pakistan Muslim League-Nawaz (PML-N)-led coalition government hopes to secure an International Monetary Fund (IMF) bailout of more than $6 billion “in the next three to four weeks,” after fulfilling the…
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China, Pakistan form digital education alliance | The Express Tribune
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[ad_1] BEIJING: A milestone in educational cooperation between China and Pakistan was achieved last week with the formation of the China-Pakistan Digital Education Alliance. The alliance, jointly initiated by ITMC Technology Co Ltd and UNI International, along with over 160 Chinese and Pakistani technical and vocational education and training (TVET) partners, aims to strengthen Pakistan’s…
