Search For "ishaq dar"
China approves USD 1.3 billion rollover for cash-strapped Pakistan
Updated : 3 years ago IST
Taking to Twitter, Pakistan Finance Minister Ishaq Dar announced, " Formalities completed [and] Chinese Bank, ICBC approved rollover of USD 1.3 billion facilities which has been repaid by Pakistan to ICBC in recent months."
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Pakistan PM's office demands hike in budget defying national austerity pol
Updated : 3 years ago IST
The additional funds have been reportedly sought by the internal wing of the PM's office with the permission of Shehbaz Sharif,
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Pak govt accepts one more IMF demand, imposes power surcharge from next fi
Updated : 3 years ago IST
Pakistan's government has taken the decision to generate PKR 335 billion more in revenue over the next fiscal year to finance the power sector's debt and liabilities.
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Cash-strapped Pakistan receives funds worth USD 700 million from China Dev
Updated : 3 years ago IST
Dar took to his Twitter to make the announcement. He wrote: "AlhamdoLilah! Funds USD 700 million received today by State Bank of Pakistan from China Development Bank".
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IMF loan delay pushing Pakistan economy "into a tailspin": Report
Updated : 3 years ago IST
Pakistan is in panic after the IMF team that came to negotiate the details left without reaching a final agreement last week. Even though Finance Minister Ishaq Dar and Prime Minister Shehbaz Sharif agreed to all the preconditions. And now Pakistan increased the petrol price which is increas
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Pakistan, IMF fail to reach staff-level pact on bailout package
Updated : 3 years, 1 month ago IST
The development comes as negotiations, which took place between IMF and Pakistan from January 31 to February 9, concluded in Islamabad.
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Matters between Pakistan govt, IMF expected to be settled today: Finance M
Updated : 3 years, 1 month ago IST
Responding to a media query regarding the discussion with IMF, Dar said, "Everything is going all right" and added, "The final round is going on right now. I meet them (the IMF team) every day and will today as well. "It is expected matters will be settled today... We will give you the news
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IMF places new demands before Pakistan for holding policy-level talks next
Updated : 3 years, 1 month ago IST
If Pakistan and IMF reach a consensus by Feb 9, they will sign a staff-level agreement.
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9th review of Pakistan for USD 7 billion Extended Fund Facility kicks off
Updated : 3 years, 1 month ago IST
The discussion will revolve around Pakistan's plan for taking additional taxation measures to fetch over Rs 200 billion through a presidential ordinance, rationalizing expenditure, and hiking both electricity and gas tariffs for erasing the monster of the circular debt.
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Pakistan's fate at stake as rupee plunges: Report
Updated : 3 years, 1 month ago IST
Pakistani's economy has reached rock bottom as the rupee plummeted to 250 against the US dollar and the value of currency depreciated, marking the worst economic crisis since the nation formed, Asian Lite reported.
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Pakistan need to fix responsibility for its depleting forex reserves: Repo
Updated : 3 years, 1 month ago IST
This quick depletion of the forex reserves was blamed on the PDM government's indecisiveness vis-a-vis revival of the IMF program which had been stalled since the last days of PTI's government.
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Pakistan: Political instability causing irreparable damage to economy
Updated : 3 years, 1 month ago IST
While, Pakistanis are deprived of their basic needs, unbearable economic challenges in the shape of inflation, unemployment and financial instability, all political parties have staked out the country's sovereignty.
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