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IMF’s positive outlook

The visiting delegation of the IMF has concluded its ten-day Pakistan visit to review the country’s economic performance over the $6 billion bailout package. The economic team held its nerve during the tough negotiations but it appears that the talks

Mini-budget

An IMF delegation is in Islamabad for the second review of the economic situation for the bailout package given to Pakistan last year. The talks are expected to last for around two weeks and on completion, the IMF could release

PM Khan to arrive in Karachi today to distribute loan cheques

KARACHI: Prime Minister Imran Khan would land in Karachi on Monday on a day-long visit to attend “Kamyab Jawan Program’s” cheque distribution event. Prime Minister Imran Khan would be the chief guest in the cheque distribution ceremony, according to the

PM Khan to visit Karachi tomorrow to distribute loan cheques

KARACHI: Prime Minister Imran Khan would arrive for a day-long visit to Karachi tomorrow to distribute cheques among applicants of  business loans under the flagship Kamyab Jawan Program. Governor Sindh Imran Ismail, federal ministers and a huge number of young

Surging stock markets 

Shares around the globe fell on Monday, particularly in Asia, but this was in sharp contrast to the stock market in Pakistan which witnessed a surge for the eighth consecutive day boosting investor confidence and the morale of economic institutions.

IMF approves another 3-year loan package for Pakistan

WASHINGTON: The International Monetary Fund (IMF) has approved another three-year loan package for Pakistan of $6 billion. The IMF earlier in July had made an upfront payment of $991 million on completion of all prior actions committed by Pakistan before

Kamyab Jawan program loans to be disbursed from Dec: Usman Dar

ISLAMABAD: Special Assistant to the Prime Minister on Youth Affairs Usman Dar on Tuesday said the disbursement of loans under Kamyab Jawan Program will be started from December this year. Addressing a news conference in Islamabad, he said the youth

ADB approves $2.7 bn financing for Pakistan

ISLAMABAD: The Asian Development Bank (ADB) on Wednesday announced to provide $2.7 billion in approved financing to Pakistan during the outgoing calendar year. The Manila-based regional bank also announced that under the recently approved Country Operations Business Plan (COBP) 2020-2022,

ADB approves $200 million loan to Pakistan

ISLAMABAD: The Asian Development Bank (ADB) on Monday approved a $200 million loan as additional financing to support the Benazir Income Support Programme (BISP). According to a press release issued by the Manila-based lending agency, the amount is additional financing

Rupee stabilises against US Dollar in interbank

KARACHI: The Pakistani rupee on Friday hiked against the US dollar in the interbank market gaining Rs0.73 at the start of the last trading of the week. The dollar was trading at Rs157.70 and since its peak of Rs164.25 on

Taylor Swift helps Pakistani student pay off loan

TORONTO: Pakistani immigrant Ayesha Khurram was granted a loan of $6,386 by pop-star Taylor Swift for her education. Ayesha Khurram told the media that she posted about the financial crises she was facing. She was advised by her friend to

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