Search results
Results From The WOW.Com Content Network
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
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...
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.
The 2022–23 Pakistan political unrest was a series of political crises after the ousting of former prime minister Imran Khan through a no-confidence motion in April 2022. The crises began in 2022 when the opposition joined hands and submitted a no-confidence motion against Imran Khan's government in the National Assembly .
2023 – China-Pakistan signed $3.5 billion deal to construct largest nuclear power plant of Pakistan, Chasma 5. [121] 2024 – China on the verge of providing $2 billion in loans to continue supporting Pakistan's economy.
Pakistan, Russia signs a landmark defence deal in 2015. This deal includes sale of four Mi-35 ‘Hind E’ attack helicopters to Pakistan. Russia is also interested in joining CPEC, which will benefit CPEC and strengthen Pakistan's economy.
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.
Independence Day ( Urdu: یومِ آزادی, romanized : Yaum-i Āzādī ), observed annually on 14 August, is a national holiday in Pakistan. It commemorates the day when Pakistan achieved independence and was declared a sovereign state following the termination of the British Raj in August 1947. Pakistan came into existence as a result of ...