The Pakistan Tehreek-e-Insaf (PTI) government had borrowed external loans worth $52 billion in three years and eight months, which had put it in the top position among the last four administrations. PTI actually repaid 70% of the debts taken by previous regimes. It had overtaken Pakistan Muslim ...

*Islamabad: Former Chairman FBR Shabbar Zaidi has said that Pakistan is heading rapidly toward economic default unless the government takes immediate measures. * Talking exclusively to ARY News Ex-Chairman Federal Board of Revenue (FBR) Shabber Ziadi warned that the country is heading towards ...

*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 ...

The US dollar continued its hegemony on Thursday—the second last day of the current business week—to reach Rs190.70 with a solid jump of 68 paisas in interbank trading. It means the US dollar has reached its all-time high record standing at Rs190.70. The previous closing US dollar was ...

The Pakistan delegation held several meetings with the IMF officials and discussed pathways to complete seventh review of the IMF programme. The delegation led by Finance Minister Miftah Ismail laid out Pakistan government’s priorities and efforts to bring fiscal discipline while insulating the ...

The founder of the Islamic microfinance organization—the Akhuwat Foundation—Dr Amjad Saqib has been nominated for the Nobel Peace Prize on Friday. According to the British organization PA Media link, Dr Amjad Saqib is nominated by the Foreign Minister of Malta as his organization has already ...

According to the minister, the IMF has put five major demands before the Shehbaz Sharif government for slashing down the primary deficit by Rs1,300 billion through withdrawal of fuel subsidy of Rs150 billion on monthly basis and taking additional taxation measures for reviving the stalled ...

Supreme Court of Pakistan has barred National Accountability Bureau from taking action in the certain financial cases. The three-judge bench led by Chief Justice Umar Ata Bandial in its order also said that under Section 31-C, the accountability court cannot take cognisance, under the NAB ...

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 ...

The United Arab Emirates (UAE) has rolled over the payment of a loan of $2 billion for another year at Pakistan’s request. The Ministry of Finance has confirmed this development to ProPakistani. Pakistan had requested its friendly countries, including Saudi Arabia, China, and the UAE, for ...