In a bid to tackle persistent external financing issues, Pakistan has formally requested an additional loan of 10 billion yuan (USD 1.4 billion) from China. This appeal comes amidst ongoing fiscal pressures and follows the utilisation of an existing trade finance facility.
Pakistan's Finance Minister Muhammad Aurangzeb expressed gratitude for the Asian Development Bank's (ADB) USD 500 million loan to support Pakistan for climate protection.
Pakistan Finance Minister Muhammad Aurangzeb has requested the Chinese government to raise the limits of the currency swap agreement to CNY 40 billion, according to ARY News on Saturday.
Aurangzeb pointed out that Lahore has 275 days of unhealthy Air Quality Index (AQI) levels throughout the year, with temperatures rising by 3.2 degrees Celsius.
Pakistan is seeking an additional USD2 billion from the International Monetary Fund (IMF) to tackle the devastating impacts of climate change, a report by ARY News said, citing sources.
Pakistan Finance Minister Muhammad Aurangzeb is set to arrive in Washington DC today to participate in the annual meetings of the International Monetary Fund (IMF) and the World Bank Group, taking place from October 21 to 26, according to a report by Dawn.
The agency initiated investigation on the basis of an First Information Report dated October 2 registered by the Delhi Police against four persons namely Tushar Goel, Himanshu Kumar, Aurangzeb Siddiqui and Bharat Kumar.
According to the report, the decision was made during a meeting of the Economic Coordination Committee (ECC) of the Cabinet, chaired by Pakistan's Finance Minister Muhammad Aurangzeb.
Pakistan must overhaul its economic foundation to break free from repeated IMF bailouts, according to Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, who stressed that the recently approved 37-month Extended Fund Facility (EFF) should be the country's last.
Pakistan's Finance Minister Muhammad Aurangzeb recently warned that the country will face "transitional pain" after the International Monetary Fund (IMF) agreed to loan Pakistan USD 7 billion, which the Prime Minister Shehbaz Sharif-led government has pledged would be the last from the Washi