Pakistan News
February 22, 2023
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Dar informs US envoy of measures taken to meet financial obligations

[ Federal Minister for Finance and Revenue Mohammad Ishaq Dar on Wednesday shared with Donald Blome, the US Ambassador to Pakistan, the government’s measures taken to meet its financial obligations, according to a statement issued by the Finance Division. During the meeting, the finance minister shared economic policies and priorities of the government to address […]

Pakistan News
February 22, 2023
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Pakistan may need debt adjustment despite IMF support: Barclays

[ Pakistan may require a debt adjustment in some form given the sharp deterioration in its external position, even if some support from the International Monetary Fund (IMF) and bilateral institutions is materialised, said Barclays Bank. In its report on Pakistan titled ‘Payment halt a possibility’ released on February 21, Barclays said it maintains an […]

Pakistan News
February 22, 2023
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China Development Bank approves $700mn facility for Pakistan: Dar

[ The Board of the China Development Bank (CDB) has approved the disbursement of $700 million for Pakistan, said Federal Minister for Finance and Revenue Ishaq Dar on Wednesday. “Formalities completed and Board of China Development Bank has approved the facility of $700 million for Pakistan,” Dar announced in a post on Twitter. “This amount […]