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Pakistan became fourth biggest IMF debtor

Pakistan became fourth biggest IMF debtor

Pakistan is set to become the fourth-largest borrower from the International Monetary Fund (IMF) globally, as it secures additional loans amounting to $3 billion over the next nine months under the standby arrangement. Based on

Finance Bill 2023-24 Passed

Finance Bill 2023-24 Passed

Sadiq Sajrani, acting President signed the Finance Bill 2023-24 after the National Assembly passed the bill a day earlier with certain amendments to proposed budgetary measures with revised outlay of Rs 14.48 trillion. The approved

No more multiple pensions

No more multiple pensions

The government of Pakistan implemented various new reforms in pension schemes. The decision is to eliminate multiple pensions ensuring that a government official will receive only one pension in Grade 17 and above. Another thing

What is Pakistan’s Plan B ?

What is Pakistan’s Plan B ?

The United States asked Pakistan about its plan B option in case the International Monetary Fund (IMF) programme ends next week without any finalization of the bailout package of $1.2 billion. During the meeting between

US pulling IMF to turn heat on Pakistan

US pulling IMF to turn heat on Pakistan

Pakistan is currently struggling a lot with its political, social and economic crises. The current government is trying to get bailout package deal from International Monetary Fund (IMF) which is delaying without specific reasons. The

$700m from China to Pakistan

$700m from China to Pakistan

China, the neighbouring and one of closest country to Pakistan lends $700 million to Pakistan in times of need. China is the second largest economy of the world . China development bank lent $700 million

Remittances Slump 14pc in November

Remittances Slump 14pc in November

Fewer Remittances in November Pakistanis living abroad sent fewer remittances in November of this year, by 14%. During the first five months of the current fiscal year (FY23), inflows decreased by 9.6%. Latest From the

Pakistan’s Remittances Surge With $2.7bn In August

Pakistan’s Remittances Surge With $2.7bn In August

Pakistanis Nonetheless Sent Back Money Despite a rise in inflation that has pushed the cost of living up globally in the post-Covid era, overseas Pakistanis nonetheless sent back more money in August, totaling $2.7 billion. 

Tarin says Pakistan’s economy going strong

Tarin says Pakistan’s economy going strong

The Minister for Finance and Revenue has said that the country was on a sound economic footing that was evidenced by the latest data of key economic indicators. Taking to his official Twitter handle, Shaukat

Tarin says Pakistan is the ‘cheapest’ country globally

Tarin says Pakistan is the ‘cheapest’ country globally

On Sunday, Finance Minister Shaukat Tarin claimed that Pakistan was one of the "cheapest" countries across the globe. He shared a table from Numbeo, a crowd-sourced database, claiming that the PTI-led government had reformed the