Tag: IMF
Foreign Banks Demand 10% Commission for Letters of Credit Amid Economic Challenges
In a startling development, foreign banks are now insisting on a substantial 10% commission to endorse letters of credit (LC)…
Pakistan PM Proposes Parliament Dissolution
Pakistan's Prime Minister, Shehbaz Sharif, has put forth a proposal to dissolve the country's parliament on August 9, three days…
Pakistani Rupee’s Slide Continues Amid Dollar Inflows
The Pakistani rupee continues to face downward pressure against the US dollar, even with the recent surge in dollar inflows.…
Pakistan’s Growing External Debt Concerns
In a recent report, the International Monetary Fund (IMF) has raised concerns about Pakistan's mounting external debt, which has reached…
Government to Step Down Early, PM Shehbaz Sharif Announces
In a surprising turn of events, Prime Minister Shehbaz Sharif has declared that his government will step down before completing…
Pakistan Receives $1.2 Billion IMF Tranche
Pakistan has received a much-needed lifeline as the International Monetary Fund (IMF) deposited $1.2 billion into the State Bank of…