Tag: finance
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Another Indian official arrested for getting tricked by alleged Pakistani spy
The Ghaziabad Police in India have arrested Naveen Pal, an official working for the Minister of Finance, for passing on classified information related to the ministry and the G20 meeting to a hacker allegedly disguised as a woman in Karachi, Pakistan. According to India Today, Pal met the woman online on social media and both…
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Minister of State for Finance and Revenue criticises IMF for interfering in Pakistan’s internal affairs
In a strong rebuke to the International Monetary Fund (IMF), State Minister for Finance and Revenue Aisha Ghaus Pasha criticised the international lender for what she called “intervening” in Pakistan’s internal affairs.
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Pakistan set to share budget details with IMF, aiming to unlock stalled programme
Finance Minister Ishaq Dar announced on Sunday that Pakistan intends to provide the International Monetary Fund (IMF) with comprehensive details of its upcoming budget, with the aim of facilitating the release of delayed funds.
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5 Pakistani’s make it to the Forbes ’30 Under 30′ list
Forbes magazine has unveiled its highly anticipated list of 30 under 30 successful individuals across Asia, which features 300 people who have excelled in the fields of arts, tech, medicine and more. This year, spotted among the prodigies, are five Pakistanis who exceeded against the odds and made their mark in the fields of media,…
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Pakistan’s history of IMF bailouts: A look at 75 years of economic challenges
Pakistan is currently facing yet another economic crisis, a recurring issue that has caused the country to repeatedly seek help from the International Monetary Fund for financial assistance.
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Imran Khan spent more than 11 billion on foreign tours during his three-year tenure
Former Prime Minister (PM) Imran Khan along with his delegations spent more than Rs11 billion on foreign tours during his three-year term as the head of government. The figure includes all foreign trips taken by Khan until March 2022. The total amount spent on these trips adds up to Rs11.15 billion. During the first year…
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China’s $57.7 billion railway project aims to boost Pakistan’s economy
A study conducted by scientists from China Railway First Survey and Design Institute Group has estimated the cost of a proposed China-Pakistan railway project to be $57.7 billion. The railway will connect Gwadar Port with Xinjiang’s Kashgar, and is expected to have strategic significance, potentially reshaping trade and geopolitics. The project will improve connectivity among…
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Saudi Arabia and UAE pledge $3 billion to Pakistan as IMF agreement nears
On Monday, Finance Minister Ishaq Dar stated that Pakistan has fulfilled all conditions set by the International Monetary Fund (IMF). He expressed hope that the IMF would soon sign the staff-level agreement, which would allow for the release of the $1.1 billion tranche.
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IMF receives assurance of $1 billion from UAE to support Pakistan’s economy
In a significant development towards reviving the stalled bailout programme, the authorities in the United Arab Emirates (UAE) have pledged to provide $1 billion in bilateral support to Pakistan, according to Finance Minister Ishaq Dar.
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China approves rollover of $2 billion SAFE deposits for Pakistan
China has given approval for the rollover of $2 billion State Administration of Foreign Exchange (SAFE) deposits for a year. Pakistan’s Finance Minister, Ishaq Dar, confirmed, stating that the rollover was a requirement of the International Monetary Fund (IMF). The IMF had requested the rollover of Chinese SAFE deposits to fulfill external financing needs and…