SBP holds key rate at 22% for fourth straight meeting | The Express Tribune

KARACHI: In line with market expectations, Pakistan’s central bank on Tuesday left its key policy rate unchanged at a record high of 22% ahead of the International Monetary Fund (IMF) board’s potential approval for the release of the next loan tranche of $700 million to the country in January 2024. This was the fourth consecutive […]

In meeting with Dutch counterpart, PM Kakar seeks investment in Pakistan

Caretaker Prime Minister Anwaar-ul-Haq Kakar meets his Dutch counterpart Mark Rutte on the sidelines of the high-level segment of the UN’s 28th Conference of Parties on December 1, 2023. — PID DUBAI: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Friday met his Dutch counterpart Mark Rutte and invited Netherlands’ businessmen to invest in the agriculture, horticulture, […]

SBP governor assures global investors of meeting IMF targets

SBP Governor Jameel Ahmad addressing a press conference in this undated picture. — AFP/File State Bank of Pakistan (SBP) Governor Jameel Ahmad on Friday informed global investors that Pakistan was “on track” to address the longstanding structural weaknesses, adding that the country is “very comfortably” placed to meet the targets set by the International Monetary […]

SBP denies holding emergency MPC meeting

An undated image of the State Bank of Pakistan (SBP) building. — AFP The State Bank of Pakistan (SBP) on Friday rejected the reports of holding an emergency meeting of the Monetary Policy Committee (MPC) amid the continuing decline in the value of the local currency against the US dollar. “The reports making rounds in […]

‘PTI relevance beyond doubt,’ says Raoof Hasan after IMF meeting

IMF headquarters in Washington, USA. — AFP/File Pakistan Tehreek-e-Insaf (PTI) information secretary Raoof Hasan declared Saturday that the International Monetary Fund’s (IMF) delegation’s meeting with PTI Chairman Imran Khan established “beyond proof” the party’s relevance in the country. “The meeting of the IMF delegation [with Khan] proves the political relevance of PTI […] beyond any […]

PM terms Paris meeting with IMF chief ‘turning point’ to clinch SBA

Prime Minister Shehbaz Sharif, Finance Minister Ishaq Dar addressing the media after overseeing the signing of the SLA with IMF. — Screengrab/PTV/YouTube  After Pakistan clinched the staff-level agreement (SLA) with the International Monetary Fund (IMF) on a stand-by arrangement (SBY), Prime Minister Shehbaz Sharif termed his meeting with Managing Director Kristalina Georgieva in Paris as […]

IMF ‘engaged’ with Pakistan for board meeting as programme expiry nears

The International Monetary Fund (IMF) logo is displayed outside its headquarters in Washington, DC, on October 8, 2022. — AFP Rebutting claims that Pakistan and the International Monetary Fund (IMF) have reached a deadlock, the lender clarified that it is in touch with Islamabad to pave the way for a board meeting before the $6.5 […]

In meeting with US envoy, Dar assures completing IMF programme

US Ambassador to Pakistan Donald Blome calls on Finance Minister Ishaq Dar on May 26, 2023. — Finance Division. As the cash-strapped nation is making last-ditch efforts to revive the stalled Extended Fund Facility (EFF) programme, Finance Minister Ishaq Dar on Friday assured the US Ambassador to Pakistan Donald Blome of Islamabad’s commitment to complete […]

In meeting with Dar, Saudi envoy shares desire to ‘further strengthen economic ties’

Saudi Ambassador Nawaf Bin Said Al-Malki in the meeting with Finance Minister Ishaq Dar at the Finance Division on May 23, 2023. — Finance Division ISLAMABAD: Saudia Arabia’s Ambassador Nawaf Bin Said Al-Malki called on Finance Minister Ishaq Dar Tuesday and informed him that the kingdom desires to further strengthen its economic and commercial ties […]

In meeting with Dar, British envoy offers UK’s help in easing Pakistan’s economic crisis

Acting British High Commissioner Andrew Dalgleish (left) calls on Finance Minister Ishaq Dar on April 12, 2023. — APP Acting British High Commissioner Andrew Dalgleish met Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Wednesday and offered the United Kingdom’s help in easing Pakistan’s economic crisis. During the meeting, the officials discussed the […]

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