State Bank of Pakistan received this amount after the Executive Board of the International Monetary Fund (IMF) approved the release of the last tranche of $1.10 billion for Pakistan under the Standby Arrangement (SBA). Is. After the recovery of this amount, the standby arrangement agreement was completed between the two parties. The IMF Executive Board … Read more
Ex-depot prices of petrol and high-speed diesel are likely to decrease by Rs 8.3 paise per liter due to drop in oil prices in the global market. The report of Business Recorder states that according to an estimate, in the review of the prices of petroleum products by the federal government for May 1 to … Read more
Federal Finance Minister Muhammad Aurangzeb has met the delegation of Pakistan America Business Council in Washington. While speaking to the American think tank Atlantic Council, the Finance Minister said that Pakistan has successfully completed the IMF programme, and there is hope that a new agreement will be signed soon. In the meeting with the delegation … Read more
On the occasion of Pakistan-Saudi Arabia talks under the Special Investment Council, the Saudi delegation was invited to invest in IT, renewable energy and other sectors. Foreign Minister Ishaq Dar has said that there is a need to transform relations with Saudi Arabia into a strong economic partnership. The Pakistani delegation was led by Ishaq … Read more