Tag: Economic Affairs
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Ishaq Dar cancels trip to the US for IMF and World Bank spring meetings
The Finance Minister, Ishaq Dar, has cancelled his scheduled trip to the United States next week to meet with the International Monetary Fund (IMF) and World Bank. The reason cited for the pull-out is the “domestic state of affairs” in the country, as the deepening political uncertainty has made it difficult for Dar to attend…
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PTI govt borrows $6.7bn in FY20-21, says report
The government has received a total of $6.7 billion in foreign loans in the first seven months of the current fiscal year, according to a report in Express Tribune. It also includes a commercial loan of $500 million from China last month which helped Islamabad keep it’s gross official foreign exchange reserves at the current…