In a positive development for Pakistan's economy, the current account recorded a surplus for the second consecutive month in April. The surplus amounted to $18 million,
In a positive development, the Pakistani rupee (PKR) demonstrated a slight improvement against the US dollar in the interbank market, as confirmed by the State Bank of Pakistan
The International Monetary Fund (IMF) has reportedly urged Pakistan to procure a substantial amount of $8 billion to successfully conclude its bailout review. This financial requirement has placed
The Saudi Fund for Development (SFD) has signed a loan agreement worth $240 million with Pakistan to support the Mohmand Multipurpose Dam Project, aimed at promoting sustainable development
The US Dollar continued its upward trend against the Pakistani Rupee on Friday, gaining a record 25 paisas in the interbank trading. The local currency had appreciated by
Saudi Arabia has signed a $240 million loan agreement with Pakistan to support the Mohmand Dam project in the northwestern Khyber Pakhtunkhwa province. The agreement was signed in
The Pakistani rupee has gained over 1% against the US dollar in interbank trade on hopes of a revival of the International Monetary Fund (IMF) bailout. The IMF
The Pakistani rupee has experienced significant gains against the US dollar, climbing 1.21% in the inter-bank market on Thursday after reports of expected inflows from Saudi
Pakistan has received confirmation from Saudi Arabia for $2bn in additional deposits, according to the International Monetary Fund (IMF), renewing hopes of an early agreement. Pakistan has been
Pakistan's currency, the rupee, has reached a new all-time low against the US dollar, hitting Rs288 in the interbank market. This depreciation comes amid delays
The Minister for Overseas Pakistanis, Sajid Hussain Turi, has announced that the government is planning to send one million Pakistanis abroad for employment opportunities this year. This announcement
The Pakistani rupee has shown signs of recovery in the inter-bank market for the second consecutive working day, with a 0.25% increase or Rs0.70 to
Pakistan is facing a crucial deadline to finalize a long-awaited loan agreement with the International Monetary Fund (IMF) to receive a $1.1 billion tranche from a
The International Monetary Fund (IMF) has said that assurances of financial assistance from bilateral and other sources are critical to supporting the authorities' policy efforts and ensuring
Pakistan's current account deficit (CAD) dropped to a nearly two-year low in February 2023 as the country's imports were reduced due to administrative
The State Bank of Pakistan (SBP) has reported a significant rise in its foreign exchange reserves, with the current total standing at over $4 billion. This increase has
