On 11th December 2024, while replying to a question in Pakistan’s National Assembly, the federal finance minister admitted for the first time that since 2019, and while under an International Monetary ...

Pakistan has finalized agreements for a $1 billion loan with two Middle Eastern financial institutions, according to Finance ...

The Executive Board of International Monetary Fund has approved the revival of Pakistan's Extended Fund Facility Program. The IMF statement said the program seeks to ensure fiscal discipline and debt ...

Pakistan’s central bank said on Thursday that the United Arab Emirates has confirmed rollover of its two deposits of $1 billion each placed with state bank of Pakistan for another year, according to a ...

It comes four months after the IMF began disbursing ... incentives and secure loan rollovers from major bilateral lenders, notably China and Gulf states. Pakistan suffered one of Asia’s worst ...

The loans were short-term - or up to one year, Aurangzeb added. Pakistan aims to boost its finances after securing a $7 billion International Monetary Fund (IMF) bailout in September 2024, with the ...

Pakistan's central bank cut its benchmark interest rate by 100 basis points to 12% on Monday, in line with expectations, as inflation eases and growth looks to set to pick up after 1,000 basis points ...

It is no secret that Pakistan often seeks loans from its close allies, China or Saudi Arabia, and is often seen extending its begging bowl to the International Monetary Fund (IMF). The IMF has ...

According to a press release issued on Monday, UBL had arranged and financed a $300m short-term loan ... Pakistan’s external financing needs, in line with commitments to the IMF,” said UBL.

Prime Minister Shehbaz Sharif had announced last week that the UAE had agreed to roll over the payment of $2bn due by ...

DAVOS, Switzerland: Pakistan has agreed terms for a $1 billion loan with two Middle Eastern banks at a 6%-7% ... and Fitch raised its rating to CCC+ in July following the IMF staff level agreement.

DAVOS, Switzerland - Pakistan has agreed terms for a $1 billion loan with two Middle Eastern ... and Fitch raised its rating to CCC+ in July following the IMF staff level agreement.