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Pakistan, Saudi Fund for Development and IMF

Pakistan to defer $1.2bn oil payment to Saudi to boost forex reserve ahead of IMF review

Prime Minister Shehbaz welcomed the signing of the oil import financing facility, the Prime Minister’s Office (PMO) said in a statement, adding that Pakistan will receive the oil on deferred payment f

AGBI on MSN · 1d

Saudi Arabia defers Pakistan’s oil dues ahead of IMF review

Saudi Arabia has granted Pakistan an oil import financing facility, deferring oil payment of $1.2 billion by one year. The Saudi Fund for Development CEO Sultan Bin Abdul Rehman Al Marshad and Kazim Niaz,

Reuters · 2d

Pakistan signs agreement to defer $1.2 billion payment for Saudi oil

Pakistan on Monday signed an agreement with the Saudi Fund for Development to defer by one year a $1.2 billion payment on the country's oil imports, the country's prime minister office said.

Saudi Gazette on MSN · 1d

Saudi Fund for Development signs $1.2 billion financing agreement with Pakistan for oil imports

The Saudi Fund for Development (SFD) Chief Executive Sultan Al-Marshad and Pakistani Secretary for Ministry of Economic Affairs Dr. Kazim Niaz signed a $1.2 billion financing agreement for the import of oil derivatives.

money.rediff7h

Pakistan Exports Uncompetitive After Gas Price Hike: Report

Pakistan's gas price hike for industries has made exports uncompetitive, jeopardizing the USD 60 billion export target and ...

Hosted on MSN8h

Pakistan seals $1.2 billion Saudi oil deal

Pakistan and Saudi Arabia on Monday signed a deal for $1.2 billion loan to buy oil on deferred payments, bridging the foreign funding gap that was earlier identified by the International Monetary Fund ...

Pakistan exports become uncompetitive after gas prices doubled: Report

Pakistani exports at risk as government doubles gas prices, jeopardizing $60 billion export target and increasing ...

Swarajya3h

Pakistan’s Exporters Struggle As Gas Prices Nearly Doubles, Making Industries Uncompetitive Against India, Vietnam And Bangladesh

Pakistan’s export sector is facing a major setback after the government doubled gas prices for in-house power generation, ...

Business Recorder2d

IMF review: challenges, and uncertainties

The IMF review mission is expected to arrive by the end of February to conduct the first semi-annual review of ...

US introduces bipartisan bill to secure Taiwan's membership in IMF

The bill urges the IMF to allow Taiwan to take part in its activities, offer employment opportunities for Taiwanese citizens, ...

Samaa4d

IMF team to visit Pakistan twice before June for economic review

The IMF delegation is set to visit Pakistan twice before June to review economic performance and discuss key financial ...

Business Recorder1d

Private sector investment in new aircraft: IMF agrees to 18pc GST removal if PIA privatised

ISLAMABAD: International Monetary Fund (IMF) agreed that if Pakistan International Airline (PIA) is privatised, ...

devdiscourse2d

Pakistan's Inflation Plummets to Historic Lows: A Turning Point?

Pakistan's consumer inflation rate dropped to 2.4% in January, the lowest in over nine years, aided by currency stability and ...

Samaa7d

IMF team to evaluate Pakistan’s economic progress next month

Finance Minister Muhammad Aurangzeb had previously indicated that an IMF delegation would visit Pakistan next month.

2don MSN

Pakistan Jan consumer inflation eases to 9-year low

Pakistan's consumer inflation rate fell to its lowest in more than nine years, dropping to 2.4% year-on-year in January, the ...

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