The board’s agenda includes discussions on seven countries, including Vietnam, Uganda, and Denmark. A meeting regarding Pakistan is anticipated once the country fulfills the remaining preconditions. As per sources within the finance ministry, the government is optimistic about meeting the requirement of securing an additional $2 billion in external financing soon. Efforts have intensified to […]
The central bank said in a statement it had set an interest rate of 0.25 percent — up from around zero to 0.1 percent — having ditched its maverick negative rate policy aimed at boosting economic growth in March. Its decision, announced after a two-day policy meeting, caused the yen to surge briefly before weakening […]
The new program, which needs to be validated by the Fund’s Executive Board, should enable Pakistan to “cement macroeconomic stability and create conditions for stronger, more inclusive and resilient growth,” according to a statement. The agreement is subject to approval by the IMF’s executive board. “The program aims to capitalize on the hard-won macroeconomic stability […]
The Secretary, of the Ministry of Economic Affairs, Dr. Kazim Niaz, signed on behalf of the Ministry, while Chairman WAPDA, Lt. Gen. (Retd.) Sajjad Ghani, represented WAPDA, said a news release. Ambassador of Kuwait in Pakistan Nassar Abdulrahman Jasser Al. Mutairi graced the ceremony with his presence. This significant financing comes as a result of […]
The prime minister expressed these views while chairing the first meeting of the Economic Advisory Council, PM Office Media Wing said in a press release. The meeting was attended by council members including Jahangir Khan Tareen, Saqib Sherazi, Shahzad Saleem, Mussadiq Zulqarnain, Dr Ejaz Nabi, Asif Pir, Zaid Bashir, Salman Ahmed, and Sheharyar Chishti. Federal […]
The premier landed in Karachi early on Wednesday morning on a day-long visit. According to Sindh CM House spokesperson, PM Shehbaz Sharif, and CM Murad discussed issues relating to development works in the province. Shah complained about a shortage of funds worth Rs82 billion from the federal government. He also raised the issue of non-provision […]
Led by Foreign Minister Prince Faisal bin Farhan, the high-powered Saudi delegation arrived here Monday on a two-day visit essentially to expedite the follow-up on the understanding reached between Prime Minister Muhammad Shehbaz Sharif and Saudi Crown Prince Mohammad bin Salman during their recent meeting in Makkah Al Mukarramah to enhance bilateral economic cooperation. Recalling […]
According to the monthly Economic Update and Outlook, the March inflation is seen at a moderate level, despite the upward revision of petrol prices and the influence of Ramadan “which historically leads to bulk buying by consumers and stringing up the demand-supply gap”. It also cited the government’s Ramadan Relief Package with increased allocation from […]
President Joe Biden’s decision to announce a trip to Arizona underscores his strategy of highlighting legislative achievements in key battleground states ahead of November’s presidential rematch against Donald Trump. The southwestern state was one of the tightest races of 2020, with Biden winning by just 10,457 votes. Winning it in 2024 could prove crucial for […]
Saudi Arabia plans to set up a modern university in Pakistan to train skilled workers needed for its upcoming projects. The Ministry of Overseas Pakistanis and Human Resource Development is suggesting a special quota for Pakistani workers for NEOM and other projects in Saudi Arabia. This move strengthens the partnership between the two countries in […]
