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Wednesday, February 5, 2025
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IMF bailout

UAE agrees to extend $2bn payment due by Pakistan

Prime Minister Shehbaz Sharif announced on Tuesday that the United Arab Emirates (UAE) has agreed to extend the $2 billion payment due from Pakistan...

Prime Minister: Five IPPs to review contracts as Hub Power’s deal ends early.

Hub Power Company Ltd, Pakistan's largest private utility, announced on Thursday that it has terminated its power purchase agreement with the government for one...

The IMF board underlines the necessity for consistent program adherence and increasing the tax base.

The International Monetary Fund (IMF) has recently approved a significant $7 billion bailout package for Pakistan under a 37-month Extended Fund Facility (EFF), emphasizing...

Stocks close above 82,000 for the first time.

On Friday, the KSE 100 index achieved a historic milestone by closing above 82,000 points for the first time, signaling strong investor confidence driven...

Pakistan plans to address bidder concerns about the airline safety ban

Pakistan's privatization commission is addressing concerns raised by potential bidders for the country's national airline regarding the European Union Aviation Safety Agency (EASA) ban,...

Pakistan fulfilled all IMF bailout prerequisites, stated a finance official

Pakistan aims to finalize a staff-level agreement (SLA) with the International Monetary Fund (IMF) for a bailout exceeding $6 billion this month, following the...

Record-breaking spree continues at PSX as shares surpass 80,000 in intraday trading

Shares at the Pakistan Stock Exchange (PSX) reached a new milestone of 80,000 points on Wednesday as stocks surged by 600 points in intraday...

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