IMF prepares to discuss Pakistan budget plans as funding lifeline nears
Negotiations over key budget targets are one of last hurdles. IMF prepares to discuss Pakistan budget plans as funding lifeline…
Dollar
Trade deficit shrinks significantly by nearly 40% in 10 months
Pakistan is facing a balance-of-payments crisis due to substantial trade deficit. Trade deficit shrinks significantly by nearly 40% in 10…
Honda again revises up motorbike prices
Honda Atlas has once again increased the prices of its motorcycles amid ongoing depreciation of Pakistani rupee. Honda again revises…
Largest recipient of ADB: Pakistan took loans worth $5.58bn in 2022
Amounts received include $2.67bn concessional funding. Largest recipient of ADB: Pakistan took loans worth $5.58bn in 2022. Owing to the…
Current account posts surplus for first time since Nov 2020
During the last nine months, CAD has declined 74.1% year-on-year. Current account posts surplus for first time since Nov 2020….
Pakistan shares plan to secure $3bn financing with IMF
Islamabad has informed IMF about its plan to secure a $450m RISE-II loan. Pakistan shares plan to secure $3bn financing…
China rolls over $2bn loan to Pakistan, Dar confirms
“I am happy to confirm that this had been rolled over,” Dar says. China rolls over $2bn loan to Pakistan,…
SBP-held reserves fall to less than a month’s import cover
Forex reserves have decreased by $345m to $4.2bn. SBP-held reserves fall to less than a month’s import cover. As Pakistan…
IMF rejects govt’s proposal to increase BISP coverage
IMF asks Pakistan to use data to provide targeted subsidies. IMF rejects govt’s proposal to increase BISP coverage. The government’s…
Rupee tumbles by nearly Rs19 against dollar in interbank amid IMF delays
Analysts attributed the record drop — which is 7.04pc — to the government’s impasse with the International Monetary Fund (IMF)….