Finance Minister Ishaq Dar has claimed that all the conditions for signing a staff-level agreement with the International Monetary Fund have been fulfilled by Pakistan. Ishaq Dar has stated that the Kingdom of Saudi Arabia (KSA) has confirmed provision of two billion US dollars to Pakistan. The United Arab Emirates (UAE) has confirmed financing of مزید پڑھیں

Pakistan has placed its first order for discounted Russian crude oil under a new deal struck between Islamabad and Moscow, State Minister for Petroleum Musadik Malik has said. The deal will see Pakistan buy crude oil only, not refined fuels, and imports are expected to reach 100,000 barrels per day if the first transaction goes مزید پڑھیں

The coalition government on Tuesday shared its plan with the International Monetary Fund (IMF) for securing an additional $3 billion to bridge the financing gap as it expedites efforts to convince the lender to release the next loan tranche. The IMF is seeking “necessary” financing assurances at the earliest to conclude talks with Pakistan on مزید پڑھیں

The federal government has decided to increase the price of petrol by Rs10 per litre for the next 15 days, Finance Minister Ishaq Dar announced Saturday. In a statement, the Finance Division said the rationale behind a hike in the price of petroleum products was the “increase in petroleum prices in the international market and مزید پڑھیں

The International Monetary Fund (IMF) has welcomed the recent announcement of financial assistance by Pakistan’s close friends. IMF Mission Chief Pakistan Nathan Porter said that the Pakistani delegation and IMF staff have agreed to maintain strong policies in recent meetings. He said that the IMF is supporting the efforts of the Pakistani authorities and the مزید پڑھیں

The Inter­national Monetary Fund (IMF) chief Kristalina Georgieva has hoped that Pakistan won’t face Sri Lanka and Ghana-like situations. Pakistan has met all the necessary requirements for receiving a critical $1.1 billion bailout from the international donor, as announced by the Pakistani government. Pakistan won’t default. “It is best not to get there, and currently, مزید پڑھیں

Finance Minister Ishaq Dar on Friday announced that the United Arab Emirates (UAE) authorities have informed the International Monetary Fund (IMF) about their plans of providing $1bn support to Pakistan. The move will pave way for Pakistan to unlock the critical $1.1 billion loan tranche from the IMF as the Fund was securing confirmation from مزید پڑھیں

China’s exports unexpectedly surged in March, with officials flagging rising demand for electric vehicles, but analysts cautioned the improvement partly reflects suppliers catching up with unfulfilled orders after last year’s COVID-19 disruptions. Exports in March shot up 14.8% from a year ago, snapping five straight months of declines and stunning economists who predicted a 7.0% مزید پڑھیں

Good news for cash-strapped Pakistan, as the United Arab Emirates (UAE) is likely to give written assurance to Islamabad for external financing of $1 billion this week. According to the reports of media channels Islamabad has been negotiating with the IMF since the end of January for the release of $1.1 billion from a $6.5 مزید پڑھیں

The US dollar appreciated by Rs2.44 to Rs287.09 against the rupee in the interbank market on Monday.The State Bank of Pakistan (SBP) reported the dollar settled at Rs287.07 while the exchange companies quoted the closing price at Rs289.10 for the interbank market. The market remained normal with continued stress for importers to open letters of مزید پڑھیں