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pakistan

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IMF mission to arrive in Pakistan in May for new loan

  • 3 min
IMF mission to arrive in Pakistan in May for new 'long-term and larger' loan negotiations, aiming to aid government in repaying debt. Challenges include a failed tax amnesty scheme, declining tax collections, and missing primary budget surplus targets. Pakistan received $1.1 billion tranche from IMF, seeking a new long-term and larger loan for macroeconomic stability and structural reforms.
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Deputy PM Ishaq Dar to lead Pakistan delegation at OIC summit

  • 2 min
Deputy PM Ishaq Dar will lead Pakistan's delegation at the OIC summit in Banjul, the Gambia on May 4-5. He will attend the Council of Foreign Ministers’ Meeting preceding the Summit to discuss the agenda and outcome documents, focusing on Gaza, Jammu and Kashmir, unity of the Ummah, Islamophobia, climate change, and terrorism. Bilateral meetings will also be held.
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US reaffirms support for Pakistan’s security challenges

  • 2 min
The U.S. State Department supports Pakistan's efforts to combat terrorism and promote regional security. Principal Deputy Spokesperson Vedant Patel emphasized the shared interest between the U.S. and Pakistan in addressing security threats. The partnership includes high-level dialogue, funding for counter-terrorism capacity, and military engagements. Additionally, Under Secretary John Bass is visiting Doha and Islamabad for discussions on Afghanistan and regional security.
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Pakistan, Saudi Arabia agree to strengthen cooperation in diverse fields

  • 2 min
Pakistan and Saudi Arabia have agreed to strengthen cooperation in various fields. The understanding was reached during a meeting between Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman Al Saud. The leaders expressed satisfaction with the progress and discussed increasing economic partnership. The situation in Gaza was also discussed.
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IMF board approves $1.1bn loan tranche for Pakistan

  • 3 min
The IMF board approved a $1.1 billion loan tranche for Pakistan, marking the completion of the second bailout package. The funding is the third and final tranche of a $3 billion standby arrangement to avert a sovereign default. Pakistan is aiming for a new, larger IMF loan to support macroeconomic stability and structural reforms.
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IMF board expected to approve $1.1b disbursement for Pakistan today

  • 3 min
The IMF's executive board is expected to approve a $1.1 billion disbursement for Pakistan today. The disbursement is part of a $3 billion loan program Pakistan availed from the IMF in 2023. The IMF praised Pakistan's efforts for economic stabilization and expects the new government to continue these efforts.
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Pakistan’s economy on recovery path amid global tides: Governor SBP

  • 2 min
Governor of the State Bank of Pakistan, Jameel Ahmad, highlighted the government and SBP’s commitment to addressing macroeconomic challenges, leading to substantial improvements in Pakistan’s economy. He credited the turnaround to the government and SBP's resolve and emphasized the importance of fresh perspectives in addressing economic issues. The event also saw recognition of SBP's efforts.
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PM Shehbaz highlights Pakistan’s healthcare challenges at WEF

  • 3 min
PM Shehbaz Sharif highlighted the healthcare challenges in Pakistan at the World Economic Forum. He emphasized the global inequity in health, the impact of climate change, and the need for bridging the gap between the Global North and Global South. He also shared his efforts in providing healthcare and appreciated support from organizations like the Bill and Melinda Gates Foundation.
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US vows to continue strengthening ties with Pakistan

  • 2 min
The US State Department pledges to continue strengthening ties with Pakistan, emphasizing its importance as a regional partner. It highlights cooperation in security and trade while recognizing the significance of a free press in democracy. Additionally, the US expresses support for Pakistan's economic reforms and refrains from commenting on ongoing investigations.
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Several Pakistan airports to get new COOs

  • 2 min
Plans are underway for large-scale appointments within the Civil Aviation Authority (CAA) in Pakistan, including the rotation of Chief Operating Officers (COOs) at different airports across the country. These developments come after the transfer of Khaqan Murtaza from the position of Director General (DG) of the CAA to the chairmanship of the Employees Old-Age Benefits Institution (EOBI).