Pakistan will not default, Dar assures investors while conceding economy in ‘tight position’
The rumours were started by the same people who brought Pakistan to this point, he lamented. Pakistan will not default,…
Economy
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Smuggling of US dollars to Afghanistan harming Pakistan’s economy: currency dealer
About $2bn goes to Afghanistan in form of official, unofficial trade. Smuggling of US dollars to Afghanistan harming Pakistan’s economy:…
Pakistan requires $62bn to $155bn for energy sector till 2030: ADB
Power, energy sector need most significant investments. Pakistan requires $62bn to $155bn for energy sector till 2030: ADB. The Asian…
S&P Global Ratings downgrades Pakistan’s credit score
Fitch and Moody’s have already ranked Pakistan’s bonds below investment grade. S&P Global Ratings has downgraded Pakistan’s credit score due…
World Bank approves $1.69bn financing for Pakistan’s flood rehabilitation efforts
WB says Sindh was the worst-affected province by floods. World Bank approves $1.69bn financing for Pakistan’s flood rehabilitation efforts. The…
Pakistan’s current account deficit plunges 86% to 19-month low
Pakistan posted deficit of $276 million in November, SBP data shows. Pakistan’s current account deficit plunges 86% to 19-month low….
Pakistan’s remittances drop 14% to $2.1bn in November
Receipts contract by 4.8% in Nov compared to Oct 2022. Pakistan’s remittances drop 14% to $2.1bn in November. Remittances sent…
ADB approves $100m loan for skills training in Pakistan
The Asian Development Bank approved a $100 million loan to help improve technical and vocational education and training (TVET) in…
Default threat still not over: Miftah Ismail
Calling Imran ‘the father of default’, Miftah said Khan is responsible for pushing Pakistan towards default. Default threat still not…
ADB approves $554m flood assistance package for Pakistan
“This project will help to rebuild critical infrastructure in affected areas and restore rural livelihoods,” Zhukov said. ADB approves $554m…