Economy, Pakistan News
February 23, 2023
9 views 2 mins 0

Pakistan hopeful of securing IMF financing ‘soon’, says PM Shehbaz

[ Prime Minister Shehbaz Sharif said on Wednesday Pakistan hopes to secure financing from the International Monetary Fund (IMF) “soon”. While chairing a cabinet meeting, he said some measures are pending for the deal to be approved. The government is also focused on making austerity a top priority for the economic crisis-hit country, PM Shehbaz […]

Pakistan News
February 22, 2023
15 views 2 mins 0

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 […]

Economy, Pakistan News
February 22, 2023
10 views 2 mins 0

Pakistan hopeful of securing IMF financing ‘soon’, says PM Sharif

[ Prime Minister Shehbaz Sharif said on Wednesday Pakistan hopes to secure financing from the International Monetary Fund (IMF) “soon”. While chairing a cabinet meeting, he said some measures are pending for the deal to be approved. The government is also focused on making austerity a top priority for the economic crisis-hit country, Sharif added. […]

Economy, Pakistan News
February 22, 2023
16 views 2 mins 0

Rupee maintains momentum, settles at 261.90 against US dollar

[ The Pakistani rupee witnessed a positive momentum against the US dollar, as the currency settled with a gain of 0.23% in the inter-bank market on Wednesday. As per the State Bank of Pakistan (SBP), the currency closed at 261.90 against the US dollar, an increase of Re0.61. Despite the gain, the currency has depreciated […]

Pakistan News
February 22, 2023
11 views 4 mins 0

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 […]

Economy, Pakistan News
February 22, 2023
12 views 2 mins 0

Intra-day update: rupee registers gain against US dollar

The Pakistani rupee registered a gain against the US dollar, appreciating 0.41% in the inter-bank market during the opening hours of trading on Wednesday. At around 10:30am, the currency was being quoted at 261.45, an increase of Rs1.06, against the US dollar. The Pakistani rupee’s five-session positive run came to an end against the US […]