ISLAMABAD: The Worldwide Financial Fund (IMF) and the Authorities of Pakistan have reached a staff-level settlement on the nation’s mortgage programme, a key step towards unlocking $1.2 billion in funding.In an announcement on Saturday, the Fund stated the settlement, which requires IMF board’s approval, would give Pakistan entry to $1 billion beneath the Prolonged Fund…
Three-month waiver on bank guarantees, credit letters covers rice, seafood, pharmaceuticals among other commodities Increased sourcing from the US reduces reliance on the Strait of Hormuz — a narrow maritime corridor through which a substantial proportion of global oil trade passes and which remains vulnerable to geopolitical tensions. Photo: Reuters ISLAMABAD: The Ministry of Commerce…
Govt to roll out quota system for two- and three-wheelers with digital vouchers and QR-based monitoring As the town runs on fumes, motorcyclists line up at a petroleum pump in Karachi, ready their flip amid surge in gas costs. Photograph: Jalal Qureshi / Categorical ISLAMABAD: The federal government has determined to introduce a cellular application-based…
The foreign ministers of Saudi Arabia, Turkey and Egypt are set to visit Islamabad from March 29 to 30 at the invitation of Pakistan’s Deputy Prime Minister and Foreign Minister, Senator Ishaq Dar, in an effort to ease regional tensions amid the ongoing US-Israeli conflict with Iran. The Ministry of Foreign Affairs announced on X…
Exhibition features over 60 women artists whose work highlights themes through powerful art KARACHI: A three-day art exhibition titled Feminist Charisma VI is underway in Karachi, bringing together more than 60 women artists who are using their work to highlight themes of identity, empowerment and social realities. Curated by Samina Mumtaz, the exhibition marks the…
ISLAMABAD: The Worldwide Financial Fund (IMF) on Saturday announced that it had reached a employees stage settlement (SLA) for disbursement of about $1.2 billion upon profitable conclusion of the third evaluate beneath Pakistan’s Prolonged Fund Facility (EFF) and the second evaluate beneath the Resilience and Sustainability Facility (RSF). The Fund tacitly endorsed Islamabad’s gasoline pricing…
