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September 14, 2024, 01:43 AM - 4 min read
The Asian Development Bank (ADB) has approved a $320 million loan to Pakistan to support the rehabilitation of roads in Khyber Pakhtunkhwa, a province facing significant infrastructure challenges. This project is aimed at improving the condition of around 900 kilometres of rural roads, which are often damaged by floods and are currently in poor shape.
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March 13, 2024, 12:49 PM - 2 min read
The International Monetary Fund (IMF) mission is likely to land in Pakistan on Wednesday to conduct an economic assessment regarding the USD 3 billion Stand-By Arrangement and simultaneously Islamabad is likely to request a USD 6-8 billion fresh loan programme, according to a report
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March 9, 2024, 01:13 AM - 2 min read
The International Monetary Fund (IMF) dealt a blow to former Prime Minister Imran Khan's bid to tie economic assistance to Pakistan with an audit of the recent general elections in the country.
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February 29, 2024, 05:03 PM - 2 min read
Pakistan's former prime minister Imran Khan has escalated his battle against alleged election fraud, urging the International Monetary Fund (IMF) to conduct a comprehensive audit of election results before considering further financial assistance to the country.
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February 28, 2024, 10:04 PM - 2 min read
China has agreed to extend a USD 2 billion debt on existing terms, providing much-needed relief to debt-trapped Pakistan. Initially, China sought a hike in interest rates, but an understanding has been reached to roll over the loan with no changes in terms. This agreement comes as Pakistan faces challenges in maintaining foreign exchange reserves, relying on deposits from friendly countries.
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February 27, 2024, 02:33 PM - 2 min read
Former Prime Minister Imran Khan and his wife Bushra face a new legal hurdle as a Pakistani court indicted them on Tuesday on charges related to allegedly receiving land as a bribe during Khan's premiership. The development marks another chapter in Khan's ongoing legal saga, as he remains incarcerated since August on various other charges, vehemently refuting all accusations leveled against him.
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February 23, 2024, 03:35 PM - 2 min read
The International Monetary Fund (IMF) is expressing eagerness to collaborate with Pakistan's incoming government to ensure macroeconomic stability and prosperity, a top official stated.
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February 19, 2024, 06:07 PM - 2 min read
A report revealed that the listed entities of Tata Group have demonstrated remarkable performance in the stock market over the past year, propelling their collective value beyond that of Pakistan's entire economy, which continues to grapple with daunting levels of debt and inflation.
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