Pakistan Economy Archives - TRIBUNE POINT

Pakistan Rejects $490 Million Islamic Development Bank Loan Over High Interest Rates

Sufyan Tahir / 1 week

4 min read

US Treasury rates have since risen above 5%, amid global geopolitical and economic uncertainties, according to the report. ISLAMABAD: Pakistan has rejected a proposed $490 million commercial loan from the International Islamic Trade Finance Corporation (ITFC), an arm of the Islamic Development Bank (IsDB) Group, over high interest rates, as the country faces substantial gross […]

IMF Reaches $1.2 Billion Staff-Level Agreement with Pakistan, Seeks End to Fuel Subsidy

Sufyan Tahir / 4 weeks

6 min read

Petrova said Pakistan should promptly phase out its fuel support scheme because of its high cost and broad targeting. ISLAMABAD: Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) for the release of approximately $1.2 billion under two loan programmes after committing to phase out its fuel subsidy scheme promptly, increase social […]

ISLAMABAD: Projecting Pakistan’s economic growth at 3.8 per cent and fiscal deficit at 3.5 per cent for the current fiscal year, the World Bank said on Tuesday

zeenat Ali / 4 weeks
0
3 min read

the country was home to almost half of the extremely poor population in the entire Middle East, North Africa and Afghanistan-Pakistan (Menaap) region. “Menaap is the only region in the world in which poverty remains above pre-pandemic levels and continues to rise. Pakistan accounts for nearly half of the region’s extreme poor,” the Washington-based lending […]

Pakistan Raises Petrol Price by Rs2.02, Cuts Diesel by Rs3.59 per Litre

zeenat Ali / 1 month

3 min read

Following the revision, petrol will be available at Rs391.30 per litre, while HSD will cost Rs408.53 per litre. The government has increased the price of petrol by Rs2.02 per litre while reducing the price of high-speed diesel (HSD) by Rs3.59 per litre. Following the revision, petrol will be available at Rs391.30 per litre, while HSD […]

Ahsan Iqbal Seeks PM’s Intervention to Include Planning Ministry in IMF Talks

Muhammad Shoaib / 1 month

4 min read

Says loan programme will have implications for people, economic development ISLAMABAD: Planning Minister Ahsan Iqbal has asked Prime Minister Shehbaz Sharif to include the Planning Commission in negotiations with the International Monetary Fund (IMF), arguing that the $7 billion programme has implications beyond fiscal targets and numbers. “I have recommended to the prime minister that […]

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Pakistan Rejects $490 Million Islamic Development Bank Loan Over High Interest Rates

IMF Reaches $1.2 Billion Staff-Level Agreement with Pakistan, Seeks End to Fuel Subsidy

ISLAMABAD: Projecting Pakistan’s economic growth at 3.8 per cent and fiscal deficit at 3.5 per cent for the current fiscal year, the World Bank said on Tuesday

Pakistan Raises Petrol Price by Rs2.02, Cuts Diesel by Rs3.59 per Litre

Ahsan Iqbal Seeks PM’s Intervention to Include Planning Ministry in IMF Talks