The Export-Import Bank of China (EXIM) has rolled over $2.4 billion to Pakistan, a sigh of relief for the outgoing Pakistan Democratic Movement-led government as it seeks to meet Pakistan’s debt payments due next year. In a tweet, Finance Minister Ishaq Dar said the bank has rolled over the amount for two years, which are مزید پڑھیں

China has approved the deferment of a loan of $2.1 billion to Pakistan for two years. China Exim Bank has approved extending Pakistan’s $2.1 billion loan for a time span of two years, according to the sources from Ministry of Finance. The respective bank issued an official letter to the Pakistani authorities highlighting the extension مزید پڑھیں

After an increase in electricity rates, the government of Pakistan is planning to jack up gas price by over 45 per cent in line with the demand of the International Monetary Fund (IMF). Media sources said the federal government has shared a plan with the International Monetary Fund (IMF) for the increase in the gas مزید پڑھیں

In a late-night move, the federal cabinet approved a massive hike in electricity base tariff through circulation summary as Pakistan is moving ahead to meet the IMF conditions. According to sources that the federal government has increased the basic power tariff by Rs3 to Rs7.5 per unit for several consumers. The cabinet approved hike in مزید پڑھیں

Finance Minister Mohammad Ishaq Dar Friday announced that total liquid foreign reserves of the country have increased to $14.06 billion. In a tweet, the minister said the State Bank of Pakistan’s (SBP) reserve position is also the highest since October last year. •Total liquid foreign reserves at $14.06 billion.•SBP’s reserve position highest since October 2022. مزید پڑھیں

The Pakistan Petroleum Dealers Association (PPDA) has deferred strike to shut fuel pumps across the country for two days. The development came after the association members held negotiations with State Minister for Petroleum Musadik Malik, who arrived in Karachi earlier today (Friday) in a bid to convince the PPDA to call off the nationwide strike. مزید پڑھیں

Finance Minister Ishaq Dar Friday reiterated his commitment to transparency and accountability in financial matters, particularly concerning the Extended Fund Facility (EFF) agreement with the International Monetary Fund (IMF). During his address to the National Assembly session, the minister said: “Any important developments in the country should be presented in the assembly”. “I will bring مزید پڑھیں

Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar has reiterated government’s commitment to fulfill all the international obligations within the stipulated time. Ishaq Dar on Wednesday apprised the Asian Development Bank (ADB) delegation of the current economic outlook of the country, besides briefing about the recently concluded Standby Arrangement (SBA) with International Monetary مزید پڑھیں

Gold prices continue to move up in Pakistan as local currency remained under pressure against the greenback for a fourth successive session. Data shared by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) suggest the prices of yellow metal jacked up by Rs5,400 to Rs226,400 per tola on Wednesday. The price per 10 grams increased by مزید پڑھیں

Gold prices continued upward trajectory in Pakistan and registered a major increase as the rupee depreciated. According to data issued by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) gained Rs6,200 per tola and Rs5,316 per 10 grams to settle at Rs221,000 and Rs189,472, respectively. Meanwhile, the price of the مزید پڑھیں