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‘If Pakistan sincerely implements economic reforms, this could be its last IMF programme’

adminOctober 3, 2024

by adminOctober 3, 20240149

IMF’s Nathan Porter: Current Programme Could Be Pakistan’s Last If Reforms Are Implemented KARACHI: Nathan Porter, Director of the International Monetary Fund’s (IMF) mission for...

Breaking Business

ADNOC to acquire German firm for $16b

adminOctober 3, 2024

by adminOctober 3, 20240197

Abu Dhabi’s state-owned energy company, ADNOC, has reached a significant deal to acquire German chemicals manufacturer Covestro for 14.7 billion euros ($16.3 billion), including debt....

Business Pakistan

Banks trapped in surplus liquidity

adminOctober 2, 2024

by adminOctober 2, 20240191

Liquidity Surplus Pushes Pakistani Banks to Offer Low-Cost Loans Amid Changing Financial Landscape KARACHI – Pakistani banks are currently grappling with a liquidity surplus, leading...

Business Pakistan

Economy grows 2.5pc in FY24

adminOctober 1, 2024

by adminOctober 1, 20240173

ISLAMABAD: Pakistan’s economy grew by 2.52% in the fiscal year 2023-24, falling short of the projected target of 3.5%, according to data released by the...

Breaking Business Pakistan

ADB fields mission to pace up projects, reforms

adminOctober 1, 2024

by adminOctober 1, 20240188

ISLAMABAD: The Asian Development Bank (ADB) has initiated a Mission to Islamabad from September 30 to October 18, 2024, focused on discussions and consultations to...

Business Pakistan

Pakistan wins more financing assurances from China, UAE, Saudi: IMF official

adminSeptember 27, 2024

by adminSeptember 27, 20240209

Pakistan has secured substantial financial support from China, Saudi Arabia, and the United Arab Emirates (UAE) as part of its new agreement with the International...

Breaking Business Pakistan

Pakistan’s PM Sharif hails IMF’s $7B loan approval

adminSeptember 26, 2024

by adminSeptember 26, 20240227

IMF Approves $7 Billion Loan for Pakistan Amid Economic Struggles Pakistan announced on Wednesday that the International Monetary Fund (IMF) has approved a crucial $7...

Business Pakistan

Russia to help modernise Pakistan’s agriculture with machinery and fertiliser plant upgrades

adminSeptember 19, 2024

by adminSeptember 19, 20240184

Russia has announced plans to supply modern agricultural machinery and fertilizers to Pakistan, aiming to boost crop yields and enhance agricultural productivity. This development was...

Business Pakistan

Pakistan resolves IMF issues to unlock $7 billion loan

adminSeptember 16, 2024

by adminSeptember 16, 20240154

Pakistan’s IMF Loan Approval and New Tax Measures: What You Need to Know Pakistan has announced that it has resolved all outstanding issues with the...

Business Pakistan

Pakistan to secure fresh IMF bailout package on ‘September 25’

adminSeptember 16, 2024

by adminSeptember 16, 20240208

Finance Minister Hopes for Final IMF Bailout, Outlines Economic Reforms Finance Minister Muhammad Aurangzeb expressed optimism that Pakistan’s upcoming International Monetary Fund (IMF) programme will...