Pakistans
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WB warns high tariffs crippling Pakistan’s exports, competitiveness
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[ad_1] The World Bank logo is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, US, April 13, 2023. — Reuters The World Bank has raised concerns that Pakistan’s continued tariff-heavy approach is weakening its export performance and putting its economic future at risk. Exports have…
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Pakistan’s late crypto move | The Express Tribune
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[ad_1] Listen to article KARACHI: Although late, as usual – a trait of any developing conservative country – Pakistan has finally decided to adopt cryptocurrency. However, better late than never. Prime Minister Shehbaz Sharif, on March 15, 2025, constituted the Pakistan Crypto Council (PCC), mandated to introduce new regulatory guidelines for launching digital currency – a move…
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$500mn ADB loan deal struck to strengthen Pakistan’s climate resilience
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[ad_1] 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 $500 million loan from the Asian Development Bank (ADB) for the Climate and Disaster…
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ADB okays $500m loan to boost Pakistan’s climate, disaster resilience
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[ad_1] 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 Bank (ADB) approved a $500 million policy-based loan to support climate change and disaster…
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IMF engagement boosts Pakistan’s macroeconomic conditions: SBP
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[ad_1] 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 with the International Monetary Fund (IMF). In its Annual Report on the State of…
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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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[ad_1] 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 grappling with rising inflation and dwindling reserves. IMF spokesperson Julie Kozack announced the meeting…
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IMF yet to include Pakistan’s $7b EFF on Executive Board agenda | The Express Tribune
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[ad_1] 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 9, 13, and 18, do not include the $7 billion EFF agreement reached with…
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Pakistan’s economic crisis drives women into workforce | The Express Tribune
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[ad_1] 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 emerging in urban households coming under increasing financial pressure in Pakistan. “I don’t focus…
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Finmin Aurangzeb outlines Pakistan’s path to sustainable economic growth | The Express Tribune
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[ad_1] 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. He highlighted that despite the difficulties, significant progress has been made, particularly in terms…
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Pakistan’s inflation drops to single digit after nearly 3 years
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[ad_1] 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 first single-digit reading in almost three years, the Pakistan Bureau of Statistics (PBS) said…
