The International Monetary Fund has urged Pakistan to bring its current account deficit under control, an official said, as the country's new government seeks an increase in the size and duration of the current IMF programme. Pakistan's current account deficit ballooned to $13.2 billion in the ...

The ongoing political uncertainty in the country is a serious threat to Pakistan’s economic well-being according to the World Bank. The World Bank’s (WB) Pakistan Development Update that was released on Tuesday highlights that sustaining the economic recovery requires addressing long-standing ...

Prime Minister Imran Khan Tuesday “expressed deep regret that the military conflict” between Moscow and Kyiv was continuing in a phone call with Ukrainian President Volodymyr Zelensky. A statement, released by the PM Office, said that both leaders discussed the latest situation in Ukraine ...

Prime Minister Imran Khan on Friday urged the international community to recognise the reality in Afghanistan. The prime minister made these remarks at the 20th Shanghai Cooperation Organization Council of Heads of State (SCO-CHS) Summit in Tajikistan’s capital. Imran said this should include ...

ISLAMABAD - The World Bank’s Board of Executive Directors Friday approved the restructuring of the Pandemic Response Effectiveness in Pakistan (PREP) project, originally approved in April 2020, to redeploy $153 million to support the ongoing national vaccine drive in Pakistan. These funds, ...

The International Monetary Fund (IMF) has warned that Pakistan’s growth rate will remain at 1.5 per cent this year, while inflation and unemployment will rise. In its latest report on the Pakistani economy, the IMF said the prospects for recovery were slim this fiscal year. According to the ...

Islamabad: The International Monetary Fund (IMF) is deliberating the possibility of extending additional financial support to partner countries during the current testing times amid coronavirus outbreak. This was stated by, IMF Managing Director, Kristalina Georgieva while speaking at a virtual ...

ISLAMABAD – The Asian Development Bank (ADB) on Wednesday approved the lending plan of $10 billion in fresh assistance for the economic recovery of Pakistan. The Philippines-based lender said it endorsed a new 5-year partnership strategy to help restore economic stability in the country. The ...

MANILA: The Asian Development Bank (ADB) has endorsed a new 5-year country partnership strategy (CPS) to help restore economic stability and growth in Pakistan by enhancing people’s well-being and expanding economic opportunities as the country works to overcome the Covid-19 pandemic, according ...

UNITED NATIONS - The economic impact of the coronavirus pandemic and surging food prices are keeping almost two billion people in Asia and the Pacific from healthy diets, United Nations agencies said on Wednesday. According to the 2020 Regional Overview of Food Security and Nutrition, ...