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The schedule of negotiations between Pakistan and the IMF on the new loan program has been decided

BUSINESSUpdated:May 1, 2024Share
" The schedule of negotiations between Pakistan and the IMF on the new loan program has been decided. ICCT Twenty Batters Ranking continues Sources say that the IMF negotiation mission will reach Islamabad on May 15 to discuss the new program. Pakistan is facing significant economic challenges before starting new negotiations, the business friendly scheme…

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” Govt okays expensive $500m ADB loan ” | Current Pulse | Business

BUSINESSUpdated:April 2, 2024Share
" ISLAMABAD: The government, on Monday, greenlit the acquisition of a hefty $500 million loan from the Asian Development Bank (ADB) aimed at fostering an ‘enabling environment to attract private investment’. This strategy, while addressing immediate fiscal requirements, is also driving Pakistan further into the debt trap. The Central Development Working Party (CDWP) endorsed the…

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Pakistan 'hopeful' to get $7 to $8 bln fresh IMF loan programme

” Pakistan ‘hopeful’ to get $7 to $8 bln fresh IMF loan programme ” | Current Pulse | Pakistan

PAKISTANUpdated:March 30, 2024Share
" ISLAMABAD: Pakistan is hoping to get a fresh $7 to $8 billion loan programme from the International Monetary Fund (IMF), ARY News reported, quoting sources.  As per details available with ARY News according to sources, Pakistan will seek a fresh three-year-loan programme from the IMF next week. The IMF has hinted at negotiations on…

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گردشی قرضہ

” پاکستان کا گردشی قرضہ 5.7 ٹریلین روپے تک پہنچ گیا ” | Current Pulse | Business

BUSINESSUpdated:March 29, 2024Share
" پاکستان کا گردشی قرضہ بڑھ کر 5.7 ٹریلین روپے تک پہنچ گیا ہے جو کہ جی ڈی پی کا 5.4 فیصد ہے، آئی ایم ایف کی جانب سے 3 بلین ڈالر کے بیل آؤٹ کے جائزے کے دوران مقرر کردہ 4 فیصد کی حد کو عبور کر گیا ہے۔ پاور سیکٹر کے اندر گردشی…

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the world bank photo file

” World Bank releases first tranche of loan for PMD upgrade ” | Current Pulse | Breaking News

BREAKING NEWSUpdated:March 28, 2024Share
" ISLAMABAD: The World Bank has released the first tranche of its $50 million loan for the restructuring and upgradation of the Pakistan Meteorological Department (PMD) aimed at enabling the department to cater to the training needs of its counterparts in the region. The project titled ‘Modernization of Hydromet Services of PMD in Pakistan’ will use…

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segregation of client assets is critical as brokers have been penalised for using client money illegally photo afp

” PIA sell-off, IMF loan send PSX to new high ” | Current Pulse | Business

BUSINESSUpdated:March 28, 2024Share
" KARACHI: Pakistan Stock Exchange (PSX) on Wednesday soared to a record high as it crossed the 66,500 milestone over progress in the privatisation process for state-owned Pakistan International Airlines (PIA) and optimism about a new, larger International Monetary Fund (IMF) loan programme. As trading commenced in the morning, the bourse continued its upward march…

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design mohsin alam

” Banks to get preferential treatment ” | Current Pulse | Business

BUSINESSUpdated:March 26, 2024Share
" ISLAMABAD: The federal government is set to provide preferential treatment to two domestic banks and is willing to take responsibility for their $88 million foreign currency lending to Pakistan International Airlines (PIA) without any restructuring. The handling of the foreign currency loan contrasts with the restructuring of PIA’s Rs243 billion domestic debt, which is…

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Pakistan needs another IMF loan programme, says PM Sharif

” Pakistan needs another IMF loan programme, says PM Sharif ” | Current Pulse | Business

BUSINESSUpdated:March 26, 2024Share
" ISLAMABAD: Prime Minister Shehbaz Sharif Tuesday said that Pakistan needed another loan programme from the International Monetary Fund (IMF) to stabilize its fragile economy, ARY News reported. PM Sharif said this while addressing a ceremony to encourage taxpayers in the country in Islamabad. The prime minister said the government is compelled to enter into…

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photo file

” Stocks rebound on World Bank loan approval ” | Current Pulse | Business

BUSINESSUpdated:March 26, 2024Share
" KARACHI: Pakistan Stock Exchange (PSX) on Monday experienced a significant recovery, driven by the World Bank’s approval of $150 million project financing and completion of final review under the International Monetary Fund’s (IMF) $3 billion standby arrangement (SBA). In the morning, the market saw a lacklustre start with the KSE-100 index touching the intra-day…

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” Pakistan, IDB finalise $200m loan agreement ” | Current Pulse | Business

BUSINESSUpdated:March 24, 2024Share
" ISLAMABAD: Pakistan and the Islamic Development Bank (IDB) have finalised a $200 million loan agreement during a visit by an IDB delegation to Pakistan. The agreement documents were signed by the Economic Affairs Secretary and the IDB Director. According to the Economic Affairs Division, this amount will be allocated for the rehabilitation of flood-affected areas,…

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” Pakistan to get $107m SFD loan for two hydro projects ” | Current Pulse | Business

BUSINESSUpdated:March 23, 2024Share
" ISLAMABAD: The Saudi Fund for Development (SFD) has signed two loan agreements to the tune of $107 million with Pakistan for hydropower projects in Azad Jammu and Kashmir (AJK). A visiting SFD delegation called on Economic Affairs Minister Ahad Khan Cheema in Islamabad. Later, Economic Affairs Division Secretary Dr Kazim Niaz and SFD CEO Sultan…

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Biden cancels $6 bn in student loan debt for public service workers

” Biden cancels $6 bn in student loan debt for public service workers ” | Current Pulse | International

INTERNATIONALUpdated:March 21, 2024Share
" US President Joe Biden announced Thursday that $6 billion in student loans would be canceled for 78,000 borrowers, bringing his administration’s total student debt cancellation to nearly $150 billion. Biden, a Democrat, last year pledged to find other avenues for tackling debt relief after the Supreme Court in June blocked his broader plan…

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گردشی قرض

” پاور سیکٹر کا گردشی قرض 3 ہزار ارب سے تجاوز کر گیا ” | Current Pulse | Breaking News

BREAKING NEWSUpdated:March 19, 2024Share
" وفاقی وزیر توانائی اویس لغاری نے کہا ہے کہ گردشی قرض کو روکنے کیلئے ہرممکن اقدامات کئے جائیں گے۔ وفاقی وزیر توانائی اویس لغاری کی صدارت میں پاور سیکٹر کے چیلنجز سے متعلق اجلاس ہوا، اجلاس میں اجلاس میں پاور سیکٹر کو درپیش چینلجز کے حوالے سے تبادلہ خیال کیا گیا۔ بجلی 5 روپے…

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