Latest in: Pakistan Economy
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IMF to support Pakistan with $6 billion package over three years
Following extensive deliberations, the International Monetary Fund and Pakistan have agreed on a 39-month Extended Fund Arrangement (EFF) under which the Fund will loan Pakistan $6 billion. The bailout package is subject to IMF management approval....May 12, 2019 876 0 -
Who will be Pakistan’s next finance minister?
In the midst of negotiating a bailout deal with the International Monetary Fund, Pakistan’s government suddenly finds itself is in search of a new finance minister after Asad Umar’s exit. Umar, a former CEO of Engro...April 18, 2019 806 0 -
IMF deal almost agreed in principle – Asad Umar
Finance Minister Asad Umar said Pakistan and International Monetary Fund have almost reached a deal in principle on a bailout package as Islamabad strives for a fix to the balance of payment crisis amid ballooning trade...April 12, 2019 1123 1 -
IMF expects Pakistan’s economic growth to be around 3% in 2019
Image: Jhimpir Wind Farm Credit: Muzaffar Bukhari from Islamabad Pakistan’s economic growth will slow down to 2.9 percent of GDP this year, a slump from 5.2% last year as the country faces some...April 9, 2019 797 0 -
Pakistan has potential to be a $2 trillion economy
A view of lit up highway network in Karachi Image Credit: newsphoto90/suleman sajjad (Nagan Ch, Karachi) / Wikimedia Commons Pakistan has the potential to grow into a $2 trillion economy in the next 28 years if...March 20, 2019 836 0 -
In regional shift, Pakistan, Russia sign $10 billion gas pipeline project
In a major shift from its West-centered foreign and economic policies, Islamabad has signed an inter-corporate agreement, under which a 1,500 km offshore gas pipeline costing $ 10 billion will transport Russian natural gas from the...February 7, 2019 2024 0 -
Imran Khan Govt. to launch diaspora bond ‘Pakistan Banao Certificate’
Seeking to shore up its foreign exchange reserves, Pakistan plans to launch a dollar-denominated diaspora bond – to be named Pakistan Banao Certificate – on January 31. Prime Minister Imran Khan’s cabinet has okayed rules that...January 26, 2019 1151 0 -
IMF hails Pakistan’s hosting of national economic data on one portal
A view of highways netowrk in Karachi Image: Newsphoto90/suleman sajjad (Nagan Ch, Karachi)/ Wikimedia Commons By hosting data on the economy and national accounts at one portal, Pakistan has taken a step toward transparency and implemented...January 16, 2019 970 0 -
Pakistan’s GDP growth to be 3.7% in 2018-19; rebound to 4.6% over medium term
The World Bank sees GDP growth in Pakistan slow down to 3.7% due to macroeconomic imbalances, depleted foreign exchange reserves and tightening financial conditions. In its latest Global Economic Prospects report, the Bank also says that...January 11, 2019 847 0 -
After Saudi Arabia, UAE also to unveil $6.2 billion deal for Pakistan
After Saudi Arabia, the United Arab Emirates has also come to Pakistan’s rescue with a $6.2 billion economic deal for the key South Asian country. Crown Prince Sheikh Mohammed bin Zayed Al Nahyan will unveil the...January 5, 2019 914 3
