Image shows the seal for the International Monetary Fund in Washington, DC on January 26, 2022.— AFPIMF to publish GCD Assessment to identify structural reforms.Lender to analyse governance and corruption vulnerabilities.Govt intends to raise formal objections to the IMF’s draft…
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World Bank approves $700m for Pakistan’s economic stability
A World Bank building. — Reuters/ FilePakistan to receive $700m from WB under multi-year programme.Financing approved under PRID-MPA initiative: World Bank.$600m approved for Centre, $100m for Sindh: World Bank.
The World Bank said that it has approved $700 million in…
Beijing presses Islamabad to settle $220m dues of Chinese energy firm
The representational image shows flags of China and Pakistan. — APP/FileUEP supplies over 260 MMcfd gas.Liquidity crunch forces layoffs at company.SIFC calls for urgent resolution of issue.
ISLAMABAD: China has urged Pakistan to clear $220 million in outstanding payments…
Pakistan’s trade deficit balloons nearly 46% to $3.3bn
A representational image shows a general view of Karachi Port. — AFP/FileDeficit to strain foreign reserves, fuel rupee volatility, note experts.They say goods trade gap underscores structural export weakness.Warn that deficit can derail stabilisation gains under IMF programme.