Pakistans
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$500mn ADB loan deal struck to strengthen Pakistan’s climate resilience
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Secretary of the Ministry of Economic Affairs, Dr Kazim Niaz and ADB Country Director, Ms Emma Fan signing the loan agreement during a ceremony attended by senior government and ADB officials on Tuesday. —APP ISLAMABAD: Pakistan on Tuesday secured a…
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ADB okays $500m loan to boost Pakistan’s climate, disaster resilience
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People retrieve bamboos from a damaged house following rains and floods during the monsoon season in Dera Allah Yar, district Jafferabad, Balochistan, Pakistan August 25, 2022. — Reuters Under the Climate and Disaster Resilience Enhancement Programme (CDREP), the Asian Development…
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IMF engagement boosts Pakistan’s macroeconomic conditions: SBP
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A brass plaque of the State Bank of Pakistan is seen outside of its wall in Karachi, Pakistan December 5, 2018. — Reuters Pakistan’s macroeconomic conditions saw improvement in the fiscal year 2023-24, driven by several factors, including effective collaboration…
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IMF board to review Pakistan’s $7b loan on September 25 after key conditions met | The Express Tribune
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ISLAMABAD: The International Monetary Fund (IMF) has confirmed that its Executive Board will meet on September 25 to discuss the approval of Pakistan’s $7 billion Extended Fund Facility (EFF). The loan is crucial for stabilising Pakistan’s economy, which has been…
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IMF yet to include Pakistan’s $7b EFF on Executive Board agenda | The Express Tribune
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The International Monetary Fund (IMF) has not yet added Pakistan’s new 37-month Extended Fund Facility (EFF) to the agenda for its Executive Board meetings scheduled through September 18, according to the Fund’s official website. The upcoming meetings, set for September…
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Pakistan’s economic crisis drives women into workforce | The Express Tribune
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Amina Sohail veers through heavy traffic to pick up her next passenger — the sight of a woman riding a motorcycle drawing stares in Karachi. The 28-year-old is the first woman in her family to enter the workforce, a pattern…
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Finmin Aurangzeb outlines Pakistan’s path to sustainable economic growth | The Express Tribune
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Pakistan’s Finance Minister Muhammad Aurangzeb has reaffirmed the government’s commitment to steering the economy toward stability and sustainable growth. Speaking at a recent media briefing, Aurangzeb addressed the country’s ongoing economic challenges and the efforts being made to overcome them….
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Pakistan’s inflation drops to single digit after nearly 3 years
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A shopkeeper uses a calculator while selling spices and grocery items along a shop in Karachi on June 11, 2021. — Reuters ISLAMABAD: Pakistan’s annual core inflation, measured by Consumer Price Index (CPI), decelerated further to 9.6% in August, the…
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Moody’s upgrades Pakistan’s ratings to ‘Caa2’ on improved economic outlook
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Signage is seen outside the Moody’s Corporation headquarters in Manhattan, New York, US, November 12, 2021. — AFP/File Taking into account the recent improvement in macroeconomic conditions, global credit rating agency Moody’s Ratings on Wednesday upgraded Pakistan’s local and foreign…
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Moody’s raises Pakistan’s ratings to caa2, reflecting better outlook | The Express Tribune
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Moody’s Ratings has upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings from CAA3 to CAA2, while changing the country’s outlook from stable to positive. This decision reflects the country’s improving macroeconomic conditions and moderately better government…
