Finance Minister rules out Pakistan defaulting on its debt
Federal Finance Minister Ishaq Dar has ruleout d the possibility of Pakistan defaulting on its debt. In an interview with international media, Federal Finance Minister…
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Finance Minister assures IMF of govt’s commitment
Finance minister meets IMF Deputy MD Antoinette Sayeh; US Treasury Counsellor David Lipton in Washington. Finance Minister Ishaq Dar assured the International Monetary Fund (IMF)…
Pakistan among 54 poor nations immediately need debt assistance: UN
Cascading global crises have left 54 countries — home to more than half of the world’s poorest people — in dire need of debt relief,…
Rupee continues upward momentum against dollar
Flying towards its ‘true value’, the Pakistani rupee continued to rise on Tuesday as it appreciated by Rs0.97 to Rs217 against the US dollar during…
Cash-strapped Pakistan expected to receive $4bn from int’l institutions: SBP
Cash-strapped Pakistan has received additional external flows commitments worth $4 billion from international money lenders including, the Asian Development Bank (ADB), United Nations (UN), and…
State Bank keeps policy rate unchanged at 15pc
The State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 15 per cent, according to a press release issued on…
PKR continues to gain ground against dollar in interbank
The Pakistani rupee continued to recover in the interbank market, extending its gains against the dollar for the 12 consecutive sessions. According to the Forex…
Govt will not seek Paris Club debt restructuring: Dar
The government will not seek debt restructuring from Paris Club creditor nations, Finance Minister Ishaq Dar said on Sunday. Dismissing market rumours that the government…
Ishaq Dar reiterates government’s commitment to strengthen country’s economy
Finance Minister Ishaq Dar has reiterated his government’s commitment to strengthen country’s economy by taking all possible measures. Addressing media in Islamabad on Friday, he…
Moody’s cuts Pakistan’s credit rating citing increased govt liquidity, external vulnerability risks
Moody’s Investor Service cut Pakistan’s sovereign credit rating on Thursday by one notch to Caa1 from B3, citing increased government liquidity and external vulnerability risks,…