Tag: Funding
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IMF deal to improve Pakistan’s financial outlook, but continuous reforms are essential: Moody’s
Moody’s Investors Service has stated that Pakistan’s recent staff-level agreement with the International Monetary Fund (IMF) enhances the nation’s funding prospects.
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Pakistan anticipates final IMF tranche approval in late April
The International Monetary Fund (IMF) announced that its Executive Board meeting, anticipated for late April, is crucial for approving Pakistan’s final tranche of approximately $1.1 billion (SDR 828 million).
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Iran Ambassador fears US may hinder Pak-Iran gas pipeline project
Iran’s Ambassador to Pakistan Dr Reza Amiri Moqaddam has said that the United States may create obstructions in the payment procedure of Pak-Iran gas project, however, both countries could find a solution to this. The Ambassador’s statement came after US Assistant Secretary of State Donald Lu, in a congressional hearing, gave caustic remarks regarding the…
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‘Star Wars’ actor sues Disney with funding from Elon Musk’s X
A “Star Wars” actor backed by Elon Musk’s X is suing Disney for firing her over inflammatory social media posts about the Holocaust, the pandemic and trans rights. Gina Carano, who had a major role in the wildly popular Disney+ series “The Mandalorian” until 2021, filed a lawsuit in California on Tuesday claiming wrongful termination.…
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Israel alleges UN organisation involved in Oct 7 attack, funding suspended for agency
Australia and Canada have suspended their funding to the UN agency for Palestinian refugees, after Israel accused several employees of involvement in October 7 attacks by Hamas. Australian Foreign Minister Penny Wong said on Saturday she was “deeply concerned” by the allegations against the agency, UNRWA. “We are speaking with partners and will temporarily pause…
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Pakistan plans to secure $4.5 billion from diverse sources in current fiscal year
Caretaker Minister for Finance, Dr Shamshad Akhtar, has outlined Pakistan’s financial projections for the current fiscal year (2023–24), highlighting an anticipated mobilisation of approximately $4.5 billion from both multilateral and bilateral sources, excluding the International Monetary Fund (IMF).
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Fulbright scholarship: TOEFL replaced by Duolingo English Test for 2025
The United States Educational Foundation in Pakistan (USEFP) has announced an update in the language proficiency test for the Fulbright Scholarship Program for the year 2025. Applicants were previously required to pass TOEFL (Test of English as a Foreign Language), which will now be replaced by the Duolingo English Test. Fulbright scholarship program: Duolingo english…
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Pakistan to receive $1.5 billion from international lenders following IMF approval
Pakistan is poised to secure funds amounting to $1.5 billion from global lenders, contingent on the approval of the loan tranche under the $3 billion Stand-By Arrangement (SBA) by the International Monetary Fund (IMF), as highlighted by Dr Shamshad Akhtar, the caretaker finance minister, in a recent interview with a local news channel.
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Pakistan expected to secure second IMF tranche despite missed deadlines
Pakistan is poised to secure the next installment of its $3 billion stand-by arrangement (SBA) with the International Monetary Fund (IMF), despite potential delays in meeting certain deadlines, as indicated in a recent brokerage report.
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Don’t miss this scholarship opportunity in the UK
If you are planning to pursue further studies abroad, apply for this ongoing scholarship in the UK. In a recent post, the Higher Education Commission (HEC) announced Commonwealth Scholarships for masters and PhD programmes for the next cohort. Ready to elevate your academic journey? Apply today for the Commonwealth Scholarships for Masters and PhD studies!…