Finance Minister Senator Ishaq Dar in a meeting with IMF review Mission led by IMF Mission Chief Nathan Porter at Finance Dvision on January 31, 2023. — Twitter/Finance Ministry Talks with IMF scheduled to conclude on Feb 9. Pakistan awaits fiscal, economic policies draft from IMF. Officials hopeful of finalising deal with lender. ISLAMABAD: Concerned...
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Category: Saudi Arabia
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IMF Takes on Pakistan – Daily Times
Pakistan’s current account deficit lies exposed: the country earns less and spends more. The double-whammy is that domestic expenditure is higher than domestic earnings and that the import bill is higher than export earnings. The current account deficit is now a perennial problem to reckon with. On January 31, the mission of the International Monetary...
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Pakistan to repay foreign debt worth $22 billion in 12 months
PHOTO: FILE KARACHI: Amid efforts to dodge the imminent risk of default, Pakistan says it is due to repay foreign debt and interest worth almost $22 billion over the next 12 months. The dollar-strapped government, upon successful resumption of the International Monetary Fund (IMF) programme, is expected to initiate talks with creditors to restructure its...
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Argentina, Chile, Paraguay and Uruguay officially submit 2030 World Cup bid – Pakistan Observer
South American nations Argentina, Paraguay, Uruguay and Chile have officially submitted a combined bid for the 2030 FIFA World Cup. The four countries had already confirmed their intentions of bidding for the tournament earlier. They announced their decision during a lavish ceremony at the Argentine Football Association (AFA) which was attended by the officials of...
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Former heavyweight champion Joshua to return to ring in April – Daily Times
LONDON: Britain’s former twice world heavyweight champion Anthony Joshua will make his ring return in London on April 1 against American Jermaine Franklin, promoters Matchroom and DAZN said on Monday. The fight at the 02 Arena will be the first time in nearly seven years that Joshua, 33, has fought without a world title at...
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Rupee sheds 99 paisas against US dollar – Daily Times
The exchange rate of the Pakistani rupee depreciated by 99 paisa against the US dollar in the interbank trading on Tuesday and closed at Rs 276.28 against the previous day’s closing of Rs 275.29. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded...
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Saudi ‘exit’ from Kabul sparks fears of exodus
ISLAMABAD: Saudi diplomats’ departure from Kabul amid security concerns has sparked fears that at least three other countries were also planning to close their embassies in Afghanistan, though Taliban and other officials have dismissed such reports. An Afghan Taliban official has confirmed to Dawn that Saudi Arabia has withdrawn its staff, but said the Saudis...
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Chemical industry: Governor says more steps needed to facilitate ease of doing business
LAHORE: Governor Punjab Muhammad Baligh ur Rehman has said that considering the growth opportunities in chemical sector and the current economic situation of the country, it has become imperative to take immediate steps to facilitate ease of doing business for the chemical industry. He was speaking on the occasion of the inauguration of the two-day...
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Pakistan Stock Exchange gains 331 points
Rupee sheds 99 paisa against US dollar The 100-index of the Pakistan Stock Exchange continued with bullish trend on Tuesday, gaining 331.99 points, a positive change of 0.81 percent, closing at 41,522.76 against 41,190.77 points the previous day. A total of 296,595,844 shares were traded during the day as compared to 176,726,529 shares the previous...
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Ghanaian footballer Atsu rescued from Turkish quake, says association
Ghanaian footballer Christian Atsu has been rescued from the rubble of the earthquake that killed and injured thousands in Turkey and neighbouring Syria, Ghana’s Football Association confirmed on Tuesday. Former Newcastle midfielder Atsu, 31, joined Turkish Super Lig side Hatayspor in September, based in the southern province of Hatay near the epicentre of Monday’s massive...