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Finance Minister Miftah Ismail praises Imran Khan’s ‘Kamyab Jawan Program’ for country’s youth
15 May, 2022
Finance Minister Miftha Ismail chaired a meeting on the Kaymab Jawan initiative and said that it is a good platform. He said that the current government is committed to ending curb poverty. Participants of the meeting were briefed about the program in detail. The finance ministry has asked for ...
International financial institution to give loan worth $2.5 billion to Pakistan
14 May, 2022
*ISLAMABAD: The Asian Development Bank (ADB) has indicated providing $2.5 billion in additional loans to Pakistan for the fiscal year 2022-23. * According to Finance Ministry statement, $1.5 billion to $2 billion could be available in the ongoing calendar year. “The ADB indicated the ...
IMF pressure: Federal Government announces to end subsidies phase wise
9 May, 2022
*ISLAMABAD - The officials of finance ministry has said that they will present a plan of gradually ending subsidy on petroleum products.* According to the sources of Finance Ministry, dialogues between the government and officials of IMF will start from May 18. Dialouges will remain continue with ...
Saudi Arabia approved $4 billion aid package for Pakistan
2 May, 2022
*ISLAMABAD - Saudia Arabia has approved package of $four billion for Pakistan on Sunday.* According to sources of finance ministry, these $4 four billion would be other than those which are already package available of $4.2 billion. It is pertinent to mention here that one package of $4 billion ...
Pakistan to seek additional $3 billion aid package from Saudi Arabia
28 Apr, 2022
*ISLAMABAD: Pakistan has decided to seek an additional package of $3.2 billion from Saudi Arabia which will increase the total financial assistance package to $7.4 billion from the existing $4.2 billion in order to avert further depletion of foreign currency reserves. * The request will be made ...
Pakistani finance minister held important meeting with IMF Executive Director
23 Apr, 2022
WASHINGTON – Federal Minister for Finance and Revenue Miftah Ismail held a meeting with Executive Directors of International Monetary Fund in Washington on Friday. Minister of State Dr Ayesha Ghous Pasha, Secretary Finance and Governor State Bank of Pakistan were also present in the meeting, ...
Pakistan budget deficit narrowed to 5.8% of GDP in FY 2022 during PTI government tenure
13 Apr, 2022
In terms of the percentage of the GDP٫ it has been projected that Pakistan overall budget deficit will be narrowed to 5.8 percent from 6.3 percent of the GDP. It is pertinent to mention here that the previous government had rebased the size of the economy from Rs. 53,867 billion to Rs. 63,978 ...
In a positive economic development, Pakistan public debt to GDP ratio declines in FY 2022
9 Apr, 2022
ISLAMABAD: Public debt, as a percentage of Gross Domestic Product (GDP), decreased to 72 percent during the fiscal year 2021, from 76.6 percent in FY 2020, finance ministry said here Friday while rebutting an article published in a section of press. According to the latest published data, public ...
China to fully support strategic ally Pakistan in all aspects
1 Apr, 2022
ISLAMABAD: China and Pakistan have maintained friendly consultations on the renewal of the 15 billion RMB yuan loan and are “making efforts in a positive direction”, the Chinese Embassy in Islamabad said Thursday. “The two sides have maintained close and friendly consultations on ...
Chinese embassy issued important statement over visit of Pakistani FM to Beijing
31 Mar, 2022
Islamabad: China and Pakistan have maintained friendly consultations on the renewal of the 15 billion RMB yuan loan and are “making efforts in a positive direction”, the Chinese embassy in Islamabad said Thursday. “The two sides have maintained close and friendly consultations on ...
