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MUNIR AHMED. March 20, 2024 at 2:48 AM. ISLAMABAD (AP) — Pakistan and the International Monetary Fund reached a preliminary agreement for the release of $1.1 billion from a $3 billion bailout ...
In late May 2022, the government lifted the cap on fuel prices - a condition for advancing the long-stalled bailout deal with the International Monetary Fund (IMF). IMF also insisted Islamabad to raise electricity prices, ramp up tax collection and make sizeable budget cuts.
On 30 June 2023, the IMF and Pakistan have reached an agreement at the staff level for a stand-by arrangement worth $3 billion. This agreement comes at a critical time for Pakistan, as it was facing the risk of defaulting on its financial obligations. References
Pakistan's foreign policy advisor Sartaj Aziz has further signalled that Pakistan may link the Gwadar port to Chabahar via rail. Afghan transit trade. Pakistan business community agreed to utilise Gwadar Port for Afghan transit trade.
ISLAMABAD (Reuters) -Two major Pakistan political parties said on Tuesday that they had reached a formal agreement to form a coalition government, ending ten days of intense negotiations after...
Benazir Bhutto [a] (21 June 1953 – 27 December 2007) was a Pakistani politician and stateswoman who served as the 11th and 13th prime minister of Pakistan from 1988 to 1990 and again from 1993 to 1996. She was the first woman elected to head a democratic government in a Muslim-majority country.
India–Pakistan relations are the bilateral ties between the Republic of India and the Islamic Republic of Pakistan. The two countries have a complex and largely hostile relationship that is rooted in a multitude of historical and political events, most notably the partition of British India in August 1947.
In the 1980s, Pakistan agreed to pay $658 million for 28 F-16 fighter jets from the United States; however, the US congress froze the deal, citing objections to Pakistan's nuclear ambitions. Under the terms of the American cancellation, the US kept both the money and the planes, leading to angry claims of theft by Pakistanis.
Kashmir Solidarity Day. یوم یکجحتی کشمیر. Youm-e-Yakjehti Kashmir. Observed to show Pakistan's support and unity with the people of Jammu and Kashmir . 23 March. Pakistan Day. یوم پاکستان. Youm-e-Pakistan. Commemorates the Lahore Resolution, which formally demanded an independent Muslim-majority state to be created out ...
As of December 2023, Pakistan's total external debt is $131.159 billion. Pakistan owes US$7.541 billion to Paris Club, US$38.813 billion to multilateral donors, US$7.596 billion to International Monetary Fund, and US$7.8 billion to international bonds such as Eurobonds, and Sukuks.