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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.

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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 ...

money.rediff8h

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 threatening investment in manufacturing. The move, though meeting IMF ...

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 ...

Swarajya4h

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, ...

Pakistan cannot risk exiting IMF programme with USD 100 billion external financing needs: Minister

Islamabad, Jan 30 (PTI) A minister said Pakistan cannot afford the risk of exiting the International Monetary Fund (IMF) ...

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 ...

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 ...

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 ...

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.

devdiscourse1d

Sharif's Vision: Propelling Pakistan's Economy Forward

Pakistan's Prime Minister Shehbaz Sharif reiterated his commitment to economic growth, highlighting reduced inflation and ...

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