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Business

Web Desk
May 09, 2024

Pakistan’s forex reserves rise to highest level since July 2022

In a notable boost to its foreign exchange reserves, the State Bank of Pakistan (SBP) reported an increase of $1.114 billion on a weekly basis, bringing the total to $9.12 billion as of May 3, according to data released on Thursday.

Business

Web Desk
Apr 05, 2024

IMF Board meeting scheduled for ‘late April’

IMF is gearing up to give Pakistan a financial boost of around $1.1 billion in its final installment of a $3-billion support package.

Business Pakistan

Web Desk
Mar 20, 2024

Pakistan secures final installment of $1.1b SBA with IMF

The government will need to remain steadfast in its commitment to implementing the agreed-upon reforms and maintaining macroeconomic stability to ensure the sustainability of the country’s economic recovery.

Business

Web Desk
Mar 14, 2024

Pakistan, IMF discuss fiscal strategy and energy sector sustainability

Pakistan’s Finance Minister, Muhammad Aurangzeb, engaged in discussions regarding structural reforms and the sustainability of the energy sector during a meeting with the International Monetary Fund (IMF) mission on Thursday, as per a statement released by the finance ministry.

Business

Web Desk
Mar 14, 2024

Pakistan’s foreign exchange reserves surge by $17 million

The State Bank of Pakistan (SBP) witnessed a rise in its foreign exchange reserves by $17 million over the past week.

Business

Web Desk
Mar 09, 2024

IMF signals readiness for second review of Pakistan’s SBA

In a recent media briefing, Julie Kozack, the Communication Director of the International Monetary Fund (IMF), announced the organisation’s readiness to undertake a mission for the second review of the stand-by arrangement with Pakistan.

Business

Web Desk
Feb 19, 2024

Fitch urges prompt action as Pakistan’s IMF SBA nears expiry

Fitch Ratings has warned that political uncertainty could complicate the country’s efforts to secure a new financing agreement with the IMF.

Business

Web Desk
Feb 09, 2024

Former SBP governor flags inflation as key hurdle for new administration

Dr Reza Baqir, emphasised the need for the incoming government to engage in negotiations with the International Monetary Fund (IMF) and tackle the challenge of inflation.

Business

Web Desk
Jan 23, 2024

No further salary and pension increases for govt employees

This assurance comes in line with the Memorandum of Economic and Financial Policies, a part of the first review of the Stand-By-Arrangement, agreed upon with the International Monetary Fund (IMF) staff.