Islamabad, September 28, 2024 – Pakistan is expected to announce a reduction in petroleum prices starting October 1, 2024, in response to declining international oil prices. However, the reduction may not extend to petrol, which is likely to remain at its current price levels, according to government sources.
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IMF Board Approves $7 Billion EFF for Pakistan
In a significant economic development, the International Monetary Fund (IMF) Executive Board has approved a $7 billion Extended Fund Facility (EFF) for Pakistan. The Prime Minister’s Office (PMO) announced this on Wednesday, marking a crucial moment for the country’s struggling economy.
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Pakistan and Turkiye Agree to Strengthen Economic and Security Cooperation
New York, September 25, 2024 – Prime Minister of Pakistan Shehbaz Sharif and Turkish President Recep Tayyip Erdogan met on Wednesday on the sidelines of the 79th Session of the United Nations General Assembly. During the meeting, the two leaders reaffirmed their commitment to enhancing bilateral relations by strengthening cooperation in the areas of trade, investment, defense, and security.
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Live Bidding for PIAC Privatization to Be Broadcast on October 1, 2024
ISLAMABAD, September 25, 2024 — The much-anticipated bidding process for the privatization of Pakistan International Airlines Company (PIAC) will be shown live on media on October 1, 2024, following approval by the federal cabinet.
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Aurangzeb Confident of IMF Loan Approval at September 25 Meeting
Islamabad, September 24, 2024 – Pakistan’s Finance Minister, Senator Muhammad Aurangzeb, expressed confidence on Tuesday that the International Monetary Fund (IMF) will approve a 37-month, $7 billion Extended Fund Facility (EFF) for Pakistan during its board meeting on September 25, 2024. His optimism comes as Pakistan seeks much-needed financial assistance to stabilize its economy and ensure sustained reforms.
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PM Shehbaz Approves Bold FBR Crackdown on Wealthy Tax Evaders
Karachi, September 21, 2024 – Prime Minister Shehbaz Sharif has given the green light to the Federal Board of Revenue (FBR) to aggressively target Pakistan’s wealthiest citizens under a transformation plan aimed at addressing tax evasion and increasing revenue collection.
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IMF Loan Hope: Aurangzeb Foresees Good News for Pakistan
Islamabad, September 20, 2024 – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, announced on Friday that Pakistan is expected to receive favorable news from the International Monetary Fund (IMF) on September 25, 2024.
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Pakistan Seeks to Explore Barter Trade Possibilities with Russia
Islamabad, September 19, 2024 – Pakistan expressed its desire on Thursday to explore the possibilities of engaging in barter trade with Russia as part of an effort to strengthen bilateral economic cooperation.
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Pakistan Plans New Steel Mill in Karachi with Russian Support
Islamabad, September 18, 2024 – Pakistan is set to establish a new steel mill in Karachi with cooperation from Russia, marking a significant stride in the country’s industrial development.
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IMF Takes Up Pakistan Loan Program on September 25 Agenda
Islamabad – The International Monetary Fund (IMF) has confirmed that its Executive Board will consider Pakistan’s loan request under the Extended Fund Facility (EFF) on September 25, 2024. The agenda for the board meeting includes the “Pakistan – 2024 Article IV Consultation and Request for an Extended Arrangement under the Extended Fund Facility.”
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