Finance Minister Muhammad Aurangzeb said Reuters Pakistan is targeting about $1 billion in a formal request for financing from the International Monetary Fund facility that helps manage external shocks. “We have formally requested consideration of this facility,” Aurangzeb said in an interview on the sidelines of the fall meetings of the International Monetary Fund and … Read more
The Pakistani delegation (left) meets with the IMF team in Washington, D.C., on October 22, 2024. — App FinMin Muhammad Aurangzeb leads the Pakistani delegation. They hold a meeting with senior official at the International Monetary Fund, Jihad Azour. A delegation thanks the International Monetary Fund official for approving a loan worth $7 billion. A … Read more
In this photo, the State Bank of Pakistan building in Karachi can be seen. – SBB/website Macroeconomic conditions in Pakistan improved during FY 2023-24 due to a range of reasons, including successful engagement with the IMF. In its annual state of Pakistan’s economy report for the fiscal year 2023-24, the State Bank of Pakistan (SBP) … Read more
Sindh Chief Minister Syed Murad Ali Shah in this undated photo. – Application/File Some ministries are devolved under the 18th Amendment: Sindh CM. It is proposed to exploit surplus electricity in industrial units. The Sindh government will launch a new energy policy soon, says Sindh Chief Minister. Sindh Chief Minister Syed Murad Ali Shah said … 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