By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Pakistan’s former Prime Minister Imran Khan, arrested for the second time in four months on Saturday, faces an increasingly tough challenge in his …
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By Ariba Shahid KARACHI (Reuters) – Pakistan’s central bank will likely raise its key interest rate again on Monday to tackle persistently high inflation, giving in to pressure from the …
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By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan must continue its monetary tightening cycle, the International Monetary Fund (IMF) said in a staff report on Tuesday, a week after the …
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(Reuters) – The board of the International Monetary Fund (IMF) approved a $3 billion, nine-month bailout programme for Pakistan on Wednesday, the IMF said. Pakistan and the Fund had reached …
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ISLAMABAD (Reuters) – The United Arab Emirates has deposited $1 billion with Pakistan’s central bank to support foreign exchange reserves, Pakistan’s Finance Minister Ishaq Dar said on Wednesday. (This story …
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KARACHI, Pakistan (Reuters) – The International Monetary Fund (IMF) Executive Board meeting on Pakistan has been scheduled for July 12, the lender confirmed in email on Wednesday. Pakistan secured a …
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By Ariba Shahid KARACHI (Reuters) – Pakistan’s benchmark share index scored its biggest single-day jump in 15 years on Monday, gaining 5.9% on the first trading session after the country …
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By Ariba Shahid (Reuters) -The International Monetary Fund (IMF) has reached a staff-level pact with Pakistan on a $3 billion stand-by arrangement, the lender said, a decision long awaited by …
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ISLAMABAD (Reuters) – Pakistan and the International Monetary Fund are discussing a $2.5-billion “standby arrangement” for six to nine months, domestic newspapers said on Wednesday, with the current bailout programme …
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ISLAMABAD (Reuters) -Pakistan’s foreign ministry on Monday summoned the U.S. embassy’s deputy chief of mission to express concern over a statement last week by U.S. President Joe Biden and Indian …
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Pakistan central bank’s forex reserves fall $102 million to $4.09 billion in week ended May 26
by ReutersKARACHI, Pakistan (Reuters) – Pakistan’s central bank foreign reserves decreased by $102 million to $4.09 billion due to external debt payments during the week ended May 26, the central bank …
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By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s civilian and military leaders on Tuesday said that rioters and their backers who attacked state assets and military installations to protest the arrest …
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(Reuters) – Former Pakistan Prime Minister Imran Khan, a cricketing hero-turned-politician who was arrested on Tuesday, whipped up popular support amid decades-high inflation and a crippling economic slowdown before his …
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ISLAMABAD (Reuters) -Pakistan’s finance ministry said on Tuesday arrangements had been made to repay or roll over this fiscal year’s $3.7 billion debt. “This should not be any cause of …
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By Ariba Shahid KARACHI, Pakistan (Reuters) – China and Pakistan on Monday urged donors to bridge gaps in humanitarian funding for Afghanistan, saying aid should be delinked from “political considerations”. …
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(Reuters) – The International Monetary Fund is seeking “necessary” financing assurances from Pakistan as soon as possible to conclude a bailout pact with the South Asian nation, Bloomberg News reported …
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NEW DELHI (Reuters) – India on Thursday countered Pakistan’s objection to the holding of Group of 20 (G20) meetings in the Himalayan regions of Kashmir and Ladakh, saying it was …
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(Reuters) – Pakistan will struggle to break out of a cycle of ongoing debt repayments without reform, former Pakistan Prime Minister Imran Khan told the Financial Times in an interview. …
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By Asif Shahzad and Ariba Shahid ISLAMABAD (Reuters) -Pakistani Finance Minister Ishaq Dar said on Friday China had rolled over a $2 billion loan that matured last week, providing relief …
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By Asif Shahzad ISLAMABAD (Reuters) – The International Monetary Fund (IMF) wants external financing commitments fulfilled from friendly countries before it releases bailout funds, Pakistan’s Prime Minister Shehbaz Sharif said …
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QUETTA, Pakistan (Reuters) -Islamic State claimed responsibility for a suicide bombing attack in southwestern Pakistan that killed nine policemen on Monday, according to the SITE Intelligence Group. A suicide bomber …
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By Asif Shahzad ISLAMABAD (Reuters) -Pakistan has to unwillingly accept the strict conditions of a deal with the International Monetary Fund (IMF) to provide a lifeline for an economy in …
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(Reuters) – The United States has transferred two brothers from the Guantanamo Bay U.S. detention facility in Cuba to Pakistan, bringing the total number of people held at Guantanamo down …
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By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan’s current account deficit (CAD) dropped to $0.2 billion in January 2023, down 90% from last year as the rupee’s depreciation slowed down …
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By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – The United States is concerned about debt owed to China by Pakistan and other countries, U.S. State Department Counselor Derek Chollet said on …