SBP Governor Jameel Ahmad announced on Thursday that Pakistan's total external financing requirement for the fiscal year FY24 amounts to $24.6 billion, encompassing interest payments of $3.4 billion and principal repayments of $21 billion. Nonetheless, Governor Ahmad noted that a substantial ...

The operational efficiency of Pakistan International Airline (PIA) has been significantly impacted by a shortage of aircraft. This predicament has been exacerbated by a series of financial challenges that have plagued the airline, leaving it struggling to maintain its flight operations. ...

Caretaker Federal Minister for IT and Telecommunication, Dr. Umar Saif, has expressed his desire to introduce online payment systems like PayPal and Stripe to Pakistan. He made this announcement while serving as the chief guest at the 23rd ITCN Asia 2023 event held in Karachi, themed ...

Beijing has voiced serious concerns about $1.5 billion in overdue payments to CPEC independent power plants (IPPs), as well as currency exchange restrictions imposed by the State Bank of Pakistan. In a letter to the Planning Commission on March 13, 2023, Special Assistant to the Prime Minister ...

The foreign exchange reserves of Pakistan's central bank slipped under $3 billion to a nine-year low as it struggles to get inflows due to a stalled International Monetary Fund (IMF) programme. The federal government is trying to unlock the IMF deal, with the lender's mission in Islamabad to ...

Pakistan is scheduled to repay nearly $22 billion in foreign debt and interest over the next 12 months in order to avoid default, as per data from the State Bank of Pakistan (SBP). According to a report by Express Tribune, it has been strongly suggested that following the successful resumption of ...

Despite repeated assurances from the Ministry of IT and Telecom, Google on Friday suspended carrier-paid apps in Pakistan on nonpayment of outstanding dues. According to the 24News HD TV channel, the download option for paid apps via mobile phone accounts has been suspended in the ...

link link link. link *ISLAMABAD: Newly appointed Federal Minister for Finance and Revenue Miftah Ismail presided over a meeting of the Economic Coordination Committee (ECC) of the cabinet on Tuesday.* During the meeting, the petroleum division submitted a summary for reimbursement of ...

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 ...

The foreign reserves held by the State Bank of Pakistan (SBP) witnessed a staggering outflow of $2.915 billion in the week that ended on March 25, 2022, depicting a 19.5 percent decline on a week-on-week basis. The central bank’s reserves have dropped to their lowest level since June 26, 2020, ...