Page 4 of Pakistan economy

Chinese banks agree to refinance cash-strapped Pakistan with $2.3 billion funding, says report

Pakistan is facing an uncertain economic situation due to a delay in the revival of a stalled multibillion-dollar International Monetary…

June 3, 2022 16:01 IST

Pakistan’s foreign exchange reserves plunge to lowest level since December 2019: Report

As per data from Pakistan’s central bank, inflows clocked in at USD 16.4 billion in the week that ended May…

May 13, 2022 15:19 IST

Pakistan’s new govt passes orders to scrap China-Pakistan Economic Corridor Authority

The China-Pakistan Economic Corridor (CPEC) Authority established through an ordinance in 2019 was aimed at accelerating the pace of CPEC-related…

Updated: April 21, 2022 20:35 IST

Under the agreement signed in 2019, Pakistan would receive USD 6 billion for a period of 39 months, of which it has only received half the amount so far.

New Pakistan Finance Minister leaves for talks with IMF officials for revival of USD 6 billion bailout package

“I am off to Washington DC to try and put back on track our IMF program that PTI (Pakistan Tehreek-e-Insaf)…

April 21, 2022 17:09 IST

Pakistan, World Bank, Pakistan poverty, Pakistan Development Update, world bank on Pakistan

34 per cent of Pakistan’s population lives on just Rs 588 a day income, says World Bank

The report pointed out that Pakistan’s key indicators were further deteriorating in the current fiscal year, seeking urgent measures to…

April 20, 2022 16:19 IST

Khan will continue as the prime minister till the appointment of a caretaker prime minister. (File/AP)

Imran Khan nominates Pakistan’s former chief justice Gulzar Ahmed as caretaker prime minister

Senior leader of the Pakistan Tehreek-e-Insaf party Fawad Chaudhry said that the premier made the decision after approval from the…

April 4, 2022 18:24 IST

“The Saudi government has told us that they can ask for their money back if Pakistan defaults at any point," Tarin said and added that there was no question of default.

Pakistan has to return USD 3 billion to Saudi Arabia within one year: Finance Minister Shaukat Tarin

Finance Minister Shaukat Tarin told the Senate, the upper house, that the Saudi Fund for Development (SFD) in October 2021…

February 11, 2022 18:25 IST

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‘Opposition forces using “extreme means” to thwart CPEC’

Pakistan should provide enhanced security to Chinese nationals working for the USD 46 billion China-Pakistan economic corridor as the country’s…

June 13, 2016 18:31 IST

China to invest $8.5 billion to upgrade Pakistan’s rail network, build gas pipeline

China will invest about $8.5 billion to upgrade Pakistan’s rail network and to build a key gas pipeline with Iran…

June 9, 2016 17:44 IST

Pakistan army chief assures China of full security to CPEC

Pakistan’s powerful Army Chief Gen Raheel Sharif met top Chinese leadership here and assured them to provide full security to…

May 17, 2016 18:21 IST

Pakistan economy: Top 10 power points

Pakistan economy has missed major economic targets and registered modest growth. Check out all you ever wanted to know about…

June 5, 2015 16:43 IST

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Pakistan orders Islamabad shops to close early to save energy

Pakistani government has ordered the shops and restaurant to shut its operation in the evening to beat the energy crisis…

Updated: April 9, 2015 15:34 IST

Karachi Stock Exchange hits all time high at 31,332 points

Karachi Stock Exchange hit an all time high of 31,332 points today.

November 10, 2014 16:20 IST

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