Islamabad, July 15, 2023 – In a surprising move, the government of Pakistan announced a significant reduction in petroleum prices, effective from July 16, 2023.
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Hamza Khan to Represent Pakistan at WSF World Junior Squash Championships
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.
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Pakistan Exempts Imports By Dignitaries of UAE, Qatar, Bahrain and Saudi Arabia
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.
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IMF Transfers $1.2 Billion to State Bank of Pakistan under Stand-By Agreement
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.
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PM Sharif Hails Approval of IMF Bailout Package as a Milestone for Pakistan
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.
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IMF Board Greenlights $3 Billion Stand-By Arrangement for Pakistan
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).
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Tanveer Ahmed Aims for Gold at World Archery Para Championships 2023
Tanveer Ahmed, a visually impaired archer from Pakistan, is preparing to showcase his skills at the highly anticipated World Archery Para Championships 2023.
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Pakistan Shaheens Depart for ACC Men’s Emerging Teams Asia Cup
The Pakistan Shaheens cricket team, led by Mohammad Haris, is set to participate in the ACC Men’s Emerging Teams Asia Cup, a 50-over tournament featuring eight teams.
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Fitch Upgrades Pakistan’s Rating on Enhanced Liquidity and Funding Conditions
Pakistan’s Foreign-Currency Issuer Default Rating (IDR) has been upgraded by Fitch Ratings from ‘CCC-‘ to ‘CCC,’ signaling improved external liquidity and funding conditions, according to a statement issued Monday.
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Pakistan Secures Gold, Outshines India in Bodybuilding
Pakistan emerged victorious in the South Asian Bodybuilding Championship held in Male, Maldives on July 07, outshining India and claiming a total of one gold and two bronze medals.
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