As the International Monetary Fund (IMF) began talks from Karachi, Pakistan managed to show progress on fiscal and monetary numbers, which would lead to the release of loan tranches, but it failed to meet a few conditions related to an increase in spending on education and healthcare and improving governance. In addition to reviewing the implementation of programme conditions till June this yea
Prime Minister Muhammad Shehbaz Sharif met with Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva on the sidelines of the 81st United Nations General Assembly, here on late Wednesday. The Prime Minister appreciated the IMF’s continued support for Pakistan’s economy and reaffirmed his government’s unwavering commitment to the successful implementation of the IMF-sup
The Petroleum Division has announced reduction in ex-depot prices for petrol and High-Speed Diesel (HSD) for September 24, following global oil price fluctuations linked to Middle East conflict. According to the official notification, the ex-depot price of petrol has decreased by Rs1.93 per litre from Rs392.05 to Rs390.12 per litre, while HSD dropped by Rs4.21 per litre to settle at Rs414.75 pe
Pakistan has sought US Export-Import Bank (EXIM) financing for Pakistan International Airlines’ (PIA) planned aircraft purchases, including Boeing 787 Dreamliners, as well as support for refinery upgrades, Finance Minister Muhammad Aurangzeb said during meetings in New York. Aurangzeb continued his high-level engagements on the third day of his visit to New York to attend the 81st Session of th
Gold prices were muted on Thursday, pressured by expectations of further Federal Reserve policy tightening, though a dip in oil prices offered some support. Spot gold was down 0.1% at $4,281.98 per ounce, as of 0155 GMT. US gold futures for December delivery were little changed at $4,317.50. “Investors are currently focused on the Fed’s higher-for-longer stance following last week’s rate