240 Posts

pakistan

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IMF ‘asks’ Pakistan for privatisation of national entities

  • 2 min
The IMF mission in Pakistan expressed concerns over government-owned entities' increasing losses, requesting a fresh report. The Pakistani authorities assured submission of the report within two days. The IMF reportedly urged Pakistan to privatize government-owned enterprises as part of addressing the finance shortage, amid ongoing talks between the two. Prime Minister Shehbaz Sharif announced plans to privatize all state-owned enterprises.
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Gold rates continue to fall in Pakistan; check latest price

  • 2 min
Gold prices in Pakistan continue to drop in line with the global market, with the price per tola decreasing by Rs1200 to Rs242,300 and 10-gram price dropping by Rs943 to Rs207,733, as reported by ARY News. International markets also saw a decline, with spot gold falling 0.2% to $2,354.77 per ounce.
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IMF technical experts ‘reach’ Pakistan for budgetary, loan talks

  • 2 min
IMF technical experts have arrived in Pakistan to discuss a new loan program and assist with budget preparations for the FY2024-25 budget. The team will stay for over 10 days and will work with the finance ministry to finalize important budgetary targets, including loan repayments, government expenditures, and tax collection targets.
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Uzbek foreign minister arrives in Pakistan on two-day official visit

  • 2 min
Uzbek Foreign Minister Bakhtiyor Saidov arrived in Pakistan for a two-day official visit, receiving a warm welcome. He is expected to meet with Prime Minister Shehbaz Sharif and hold discussions with Deputy PM Ishaq Dar on various bilateral issues, predominantly focusing on trade and connectivity. This visit aims to strengthen friendly relations between the two countries. Saudi Crown Prince Mohammed Bin Salman is also likely to visit Pakistan in May to sign MoUs for a $5 billion investment.
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Saudi crown prince likely to visit Pakistan this month

  • 2 min
Saudi Crown Prince Mohammed Bin Salman is expected to visit Pakistan this month, marking his first visit in five years. During the trip, there are plans for signing MoUs on a $5 billion investment, and a meeting with Prime Minister Shehbaz Sharif.They will also explore potential investment commitments amounting to $10-15 billion.
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Pakistan is very suitable for investment, says Saudi minister

  • 2 min
Saudi Minister Ibrahim al-Mubarak expressed confidence in Pakistan as a favorable investment destination at the Pakistan-Saudi Arab Investment Forum. A 50-member Saudi delegation has visited Pakistan to explore investment prospects in various sectors, aiming for 10 to 15 billion US dollars commitment. Pakistani officials are set to present investment proposals to the delegates.
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Hajj 2024: Saudi delegation set to arrive in Pakistan

  • 2 min
A Saudi delegation from the Ministry of Interior and Immigration will visit Karachi and Islamabad airports on dedicated flights to assess the arrangements for the Road to Makkah project. This project aims to streamline the immigration process for Hajj pilgrims, ensuring a seamless journey to Saudi Arabia. Karachi Airport has been enlisted in the project.
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Pakistan’s inflation drops to lowest level in 2 years

  • 2 min
Pakistan's headline inflation hit a two-year low at 17.3% in April, according to the Pakistan Bureau of Statistics. The Finance Division projects a further decrease to 17.5-18.5% in May 2024. Urban and rural inflation declined compared to the previous year and month. The government aims to actively reduce inflation through administrative measures.
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Gold rates continue to drop in Pakistan

  • 2 min
Gold rates in Pakistan continued to decrease on May 2, 2024, with the per tola rate of 24 karat gold dropping by Rs 900 and 10 grams of 24 karat gold decreasing by Rs 771. International gold prices also decreased by $8 to $2,308. This decline was attributed to a stronger dollar in the international market.
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Ex-England captain thinks Pakistan, India won’t reach T20 World Cup semi-finals

  • 3 min
Former England captain and commentator Michael Vaughan predicts England, South Africa, Australia, and West Indies will reach the T20 World Cup 2024 semi-finals. The tournament, with three venues in the USA and six in the Caribbean, will see 20 teams divided into four groups of five, with the top two advancing to the Super 8 round.