Pakistan Archives - Page 19 of 50

Pakistan Delivers a Pleasant Surprise: Petroleum Prices Reduced from July 16

July 15, 2023July 15, 2023Mrs. Anjum Shahnawaz

Islamabad, July 15, 2023 – In a surprising move, the government of Pakistan announced a significant reduction in petroleum prices, effective from July 16, 2023.

Hamza Khan to Represent Pakistan at WSF World Junior Squash Championships

July 13, 2023July 13, 2023Patrick Sunny

Pakistan’s rising star in the world of squash, Hamza Khan, is all set to showcase his talent as he prepares to compete in the 2023 WSF World Junior Squash Championships.

Pakistan Exempts Imports By Dignitaries of UAE, Qatar, Bahrain and Saudi Arabia

July 13, 2023July 13, 2023Shahnawaz Akhter

Karachi, July 13, 2023 – Pakistan has allowed exemption from customs duty on imports by dignitaries of UAE, Qatar, Bahrain and Saudi Arabia during 2023-24 and onwards.

IMF Transfers $1.2 Billion to State Bank of Pakistan under Stand-By Agreement

July 13, 2023July 13, 2023Mrs. Anjum Shahnawaz

Islamabad, July 13, 2023 – The International Monetary Fund (IMF) has transferred $1.2 billion to the State Bank of Pakistan (SBP) as part of a total of $3 billion approved by the IMF board. The remaining balance of $1.8 billion will be provided after two upcoming reviews scheduled for November 2023 and February 2024.

PM Sharif Hails Approval of IMF Bailout Package as a Milestone for Pakistan

July 13, 2023March 15, 2025Mrs. Anjum Shahnawaz

Islamabad, July 13, 2023 – Prime Minister Shehbaz Sharif has lauded the approval of a Stand-by Agreement totaling three billion dollars by the Executive Board of the International Monetary Fund (IMF) as a significant achievement.

IMF Board Greenlights $3 Billion Stand-By Arrangement for Pakistan

July 12, 2023February 26, 2024Mrs. Anjum Shahnawaz

Washington, DC, July 12, 2023 – In a move to bolster Pakistan economic stabilization efforts, the Executive Board of the International Monetary Fund (IMF) has granted its approval for a nine-month Stand-By Arrangement (SBA) worth SDR2,250 million (equivalent to approximately $3 billion or 111 percent of quota).