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Wednesday, February 5, 2025
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Pakistan economy

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...

Increased measures against illegal dollar trade boosted remittances

Bloomberg reported on Tuesday that Pakistan's crackdown on illegal foreign exchange trading has significantly boosted remittances. Remittances surged by 34% to $14.8 billion in the...

Stocks reach new high, surpassing 92,500

After facing losses overnight due to nervous selling by investors concerned about a potential shift in US policy following Donald Trump's win, the stock...

IMF team scheduled to visit on 11th to review program progress.

In response to significant deviations from performance targets, the International Monetary Fund (IMF) has scheduled an emergency mission to Islamabad next week to address...

Medicine prices in Pakistan have risen by 14.15%, affecting the affordability of healthcare for many citizens.

In Pakistan, the cost of medicines has surged by 14.15% over the past year, as revealed by a recent official report. This significant increase...

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...

Ata Tarar expects Pakistan to join growing economies after the IMF deal

On Wednesday, after the International Monetary Fund (IMF) approved a significant $7 billion Extended Fund Facility (EFF) for Pakistan, Minister for Information and Broadcasting...

PM Shehbaz says the government is meeting IMF conditions for the loan.

Prime Minister Shehbaz Sharif stated on Tuesday that his government is focused on meeting the conditions set by the International Monetary Fund (IMF) for...

US requests $101M for Pakistan to boost democracy, fight terrorism, and stabilize the economy

US Assistant Secretary of State Donald Lu announced on Tuesday that the administration is seeking $101 million for Pakistan to “strengthen democracy, fight terrorism,...

IMF agreement brings relief, not cause for celebration, says former SBP Chief

The $7 billion agreement with the International Monetary Fund (IMF) offers much-needed relief to Pakistan. However, experts caution against celebrating prematurely. Murtaza Syed, former acting...

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