Pakistan received external financing worth $944.2 million in November 2024, representing a 127.6% increase compared to October and a 127.0% increase from November last year. The funding consists of $937.66 million in loans and $6.54 million in grants, according to the Department of Economic Affairs’ latest report. Despite this increase, cumulative external financing during the … Read more
Justice Mansoor Ali Shah (left) and Chief Justice of Pakistan (CJP) Qazi Faiz Isa. —SC website Justice Shah says he is ignoring CJP Isa’s reference for “worrying reasons”. “CJP Isa has betrayed the sacred role of the judiciary as a check and balance of power.” “Issa’s actions demonstrated a blatant disregard for collegiality.” ISLAMABAD: Justice … Read more
A man walks past the International Monetary Fund logo at its headquarters in Washington, United States, May 10, 2018. — Reuters Pakistan’s ability to repay its debts depends on certain factors: International Monetary Fund. The International Monetary Fund says Pakistan needs to repay $18.8 billion in foreign debt this year. Global Lender Sponsored Program Fully … Read more
View of the World Bank building. – Reuters/File The World Bank report expects the GDP growth rate to reach 2.8% in Pakistan. Business confidence is likely to improve after the credit rating upgrade. Pakistan’s lack of trade openness is hurting exports, the report says. ISLAMABAD: In its report titled “Pakistan’s Development Modernization: Dynamics of Power … Read more