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IMF Approves $700 Million Loan for Pakistan’s Economy

IMF Approves $700 Million Loan for Pakistan’s Economy

In a significant development, the International Monetary Fund's (IMF) Executive Board has given the green light for a 700 million loan tranche to support Pakistan's economic reform program. This injection of funds comes after the

Utility Stores Corporation Slashes Prices of Ghee and Cooking Oil for Consumer Relief

Utility Stores Corporation Slashes Prices of Ghee and Cooking Oil for Consumer Relief

In a move aimed at Providing Relief to Consumers the Utility Stores Corporation (USC) in Pakistan has Recently announced a Reduction in the Prices of Ghee and Cooking Oil. According to a notification issued the

Pakistan Mourns the Passing of Veteran Leader and Former Finance Minister, Sartaj Aziz

Pakistan Mourns the Passing of Veteran Leader and Former Finance Minister, Sartaj Aziz

Pakistan is grieving the loss of former finance Minister and Seasoned Politician Sartaj Aziz. The Sad news was Confirmed by Ahsan Iqbal  a leader from the Pakistan Muslim League Nawaz (PML-N). Ahsan Iqbal Expressed deep

Economic Coordination Committee Directs Measures for Price Stability and Anti-Profiteering

Economic Coordination Committee Directs Measures for Price Stability and Anti-Profiteering

The Economic Coordination Committee (ECC) has issued directives to the National Price Monitoring Committee (NPMC) to maintain consistent coordination with Provincial Governments to ensure Stability in Prices and to Counter Hoarding and Profiteering. Chaired by

Pakistan Requests $1 Billion Oil Facility from Saudi Arabia Ahead of IMF Negotiations

Pakistan Requests $1 Billion Oil Facility from Saudi Arabia Ahead of IMF Negotiations

As Pakistan gears up for discussions with the International Monetary Fund (IMF), the government has reached out to Saudi Arabia, asking for a significant financial favor. They've made a formal request for a $1 billion

Government’s Plan to Help with High Electricity Bills Shared with IMF

Government’s Plan to Help with High Electricity Bills Shared with IMF

The government has a plan to help people who have to pay a lot of money for electricity. They talked about this plan with the International Monetary Fund (IMF), as said in The News newspaper

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