Tag: economic issues
PKR Exchange Rates: July 1, 2023
On July 1, 2023, the Pakistani rupee's exchange rates against major currencies were updated in the open market. These rates,…
Pakistan Secures Last-Minute IMF Bailout to Prevent Default
According to a report by Bloomberg Economics, Pakistan is likely to avert default this year as it secured a last-minute…
Pakistan Secures Crucial $3 Billion Nod from IMF in Nick of Time
Pakistan has finally reached a staff-level agreement with the International Monetary Fund (IMF) on a much-awaited $3 billion stand-by arrangement,…
PM Holds Third Meeting with IMF Chief, Hopes for Loan Program Completion
Prime Minister Shehbaz Sharif recently met with the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, in Paris…
Pakistan Implements Tax Reforms Worth Rs215bn to Secure IMF Funding
The Pakistani government has made significant changes to its budget for the upcoming fiscal year in an effort to secure…
Pakistan Pays for Russian Crude in Chinese Currency
In a significant development, Pakistan has paid for a shipment of discounted Russian crude oil in Chinese currency, according to…