Two key Pakistani ministers are camping in Beijing to discuss the cash-strapped country’s request for rescheduling its outstanding debts with China linked to the ambitious China-Pakistan Economic Corridor. Muhammad Aurangzeb, Pakistan’s Minister for Finance and Revenue, and Sardar Awais Ahmad Khan Laghari, the Minister for Energy (Power Division) are both in Beijing for the last …
Hoping to get an aid of $1.1 billion tranche from the global financial agency next month, the Pakistan prime minister said the country needs to bring deep-rooted structural reforms with the two-three year IMF programme. The Pakistan prime minister’s statement came a day after the global lender said it has reached a tentative deal with Islamabad …
Onions are reportedly being sold for between 230 and 250 PKR per kg (Representational) Lahore: The price of eggs in Pakistan has soared to 400 Pakistani Rupees (PKR) per dozen in Punjab’s provincial capital of Lahore, ARY News reported, citing market sources on Sunday. This comes as the local administration has failed to enforce the …
Pakistan’s economy is expected to grow 2% in the fiscal year 2024. Pakistan won final approval for the disbursement of about $700 million in aid from the International Monetary Fund, providing a boost to the embattled South Asian economy ahead of elections next month. The IMF’s executive board approved the loan, the Washington-based lender said …
Image Source : AP Pakistan slashes trade deficit by 43% in FY 23 Cash-strapped Pakistan has successfully reduced its trade deficit by a remarkable 43% to USD 27.55 billion in the fiscal year 2023. The government’s implementation of strict import control measures became a crucial factor in achieving this significant reduction. The aim was to …