Tag: Economic stability
-
Moody’s upgrades Pakistan’s credit rating to Caa2, citing improved economic stability
Moody’s Investors Service has upgraded Pakistan’s long-term issuer rating from “Caa3” to “Caa2” with a stable outlook, reflecting a moderate improvement in the country’s macroeconomic conditions and external financial position.
-
Uncertainty surrounds Pakistan’s $7 billion IMF bailout as approval date still not confirmed
Pakistan’s much-anticipated $7 billion bailout package has not yet been scheduled for review by the IMF executive board.
-
SBP governor says debt rollovers will ease Pakistan’s FY25 financial burden
State Bank of Pakistan (SBP) Governor Jameel Ahmad assured the public on Wednesday that friendly nations will roll over nearly $16 billion of the country’s outstanding debt for the fiscal year 2025. This crucial support is expected to provide the government with significant breathing room amid ongoing financial challenges. In his testimony before the National…
-
Pakistan’s stock market surges to record high following IMF deal
On Monday, Pakistan’s stock market experienced a significant boost after the country secured a $7 billion loan agreement with the International Monetary Fund (IMF) over the weekend.
-
IMF and Pakistan reach agreement on $7 billion extended fund arrangement
In a significant development, Pakistani authorities and the International Monetary Fund (IMF) team have reached a staff-level agreement.
-
Economic stability in Pakistan has revived trust of international bodies: Finance Minister
Finance Minister Muhammad Aurangzeb has stated that Pakistan’s economic stability has restored the trust of international institutions.
-
Economic Survey FY24: Pakistan sees economic progress with reduced deficit, stable rupee
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, announced significant strides in Pakistan’s economic landscape despite numerous challenges.
-
Pakistan’s forex reserves decline by $63.3 million to $9.09 billion
The State Bank of Pakistan (SBP) has reported a marginal decline in the nation’s foreign exchange reserves, indicating a decrease of $63.3 million or 0.69 per cent week on week (WoW) to $9.09 billion, according to data released on Thursday.
-
IMF urges gas sector reforms to curb circular debt
The International Monetary Fund (IMF) emphasized the significance of prompt gas tariff determinations and notifications, crucial in curbing the escalating gas circular debt, while safeguarding vulnerable households.
-
Study reveals foreign aid to Pakistan fails to drive economic growth
A report by the Pakistan Institute of Development Economics (PIDE) reveals that foreign aid to Pakistan, despite commitments exceeding $200 billion, has failed to deliver sustainable economic growth.