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Pakistan Borrows $7 Billion from IMF at 5% Interest, Reveals Senate Finance Committee
Pakistan secures a $7B loan from the IMF at 5% interest, with a 10-year repayment plan. Also borrowing from Chinese banks at 7-8% interest.
News Desk
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ADB Revises Pakistan’s Growth Forecast to 3% for FY25
ADB upgrades Pakistan's FY25 growth forecast to 3%, citing IMF support and easing inflation. Agriculture faces challenges due to heavy monsoons.
News Desk
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Pakistan, Tajikistan Strengthen Ties with MoUs in Trade and Energy
Pakistan and Tajikistan reaffirm commitment to enhance trade, energy, and regional ties at the 7th Joint Commission meeting. New MoUs signed for development and sports collaboration.
News Desk
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US Offers Full Support to Pakistan for Economic Reforms and Growth
US Deputy Ambassador Natalie Baker assures Pakistan of support to overcome economic challenges and implement key reforms for growth and development.
News Desk
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Pakistan Faces Annual Tax Evasion of Rs 6,000 Billion: Major Fraud Uncovered
Tax evasion in Pakistan amounts to Rs 6,000 billion annually, with fraud across multiple sectors. Investigations reveal widespread manipulation and corruption.
News Desk
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PIA to Resume Flights to Europe on January 10 After 4-Year Ban Lifted
Pakistan International Airlines (PIA) will resume flights to Europe on January 10, ending a four-year ban. The first flight departs from Islamabad to Paris, with more destinations to follow.
News Desk
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Finance Minister Stresses Policy Continuity, Export-Led Growth for Economic Stability
Finance Minister Muhammad Aurangzeb stresses the need for consistent economic policies, advocates for privatizing loss-making SOEs, and calls for a shift towards export-led growth.
News Desk
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Pakistan Urges China to Expedite $10bn ML-1 Railway & SEZ Projects
Pakistan pushes for swift progress on the $10bn ML-1 railway project and SEZs in Karachi & Islamabad under CPEC. Minister Ahsan Iqbal calls for simultaneous technical and financial teams from China.
News Desk
