Pakistan Engages in Crucial Talks at IMF & World Bank Meetings in Washington
Minister Aurangzeb held discussions with World Bank President, Rajeev Banga, focusing on Pakistan’s economic situation. Pakistan Engages in Crucial Talks…
Economy
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IMF predicts Pakistan’s economy to grow by 3.5% in FY25
Unemployment in the country is expected to decrease to 8 percent in 2024, from 8.5 percent in 2023, to 7.5…
Saudi FM announces full support for Pakistan’s economic progress
“We will keep a close eye on the constructive talks held between Pakistan and Saudi Arabia,” the Saudi foreign minister…
Pakistan has the highest cost of living in Asia: Asian Development Bank
In the past, the ADB gave an optimistic economic outlook for Pakistan, close to official forecasts. ISLAMABAD: The Asian Development…
Pakistan repays $1 bln in Eurobonds ahead of IMF bailout
The IMF standby arrangement of $3 billion Islamabad secured last summer expired on Thursday. Pakistan has repaid $1 billion in…
Overseas workers’ remittances record $3bn inflow in March 2024
Workers’ remittances during March 24 were mainly received from Saudi Arabia (US$703.1 million). ISLAMABAD: The State Bank of Pakistan (SBP)…
Saudi Arabia to invest US$ one billion in Reko Diq Project
Reko Diq is one of the world’s largest undeveloped copper-gold mines. Saudi Arabia to invest US$ one billion in Reko…
Plan underway to digitize tax system: PM Shehbaz Sharif
PM said that privatization of government-owned enterprises and austerity are the government’s priorities. Plan underway to digitize tax system: PM…
World Bank Approves $149.7 Million Loan for Pakistan
These funds will be utilized for various developmental projects, with a focus on digital economy enhancement. World Bank Approves $149.7…
IMF demands 18% GST on petrol
IMF & Pakistan reached a staff-level agreement on the second and final review under Pakistan’s Stand-By Arrangement. IMF demands 18%…