The Pakistan prime minister called for a vote of confidence in the lower house of Parliament after his finance minister Abdul Hafeez Shaikh was defeated in the closely-fought Senate polls
UAE extends $200 million aid to Pakistan for economic projects, announcement comes after Abu Dhabi Prince concluded one-day visit to country
Announcement came after Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan concluded his one-day visit to Pakistan
In embarrassment for Pakistan, Asian Development Bank distances itself from country's claim that lender will provide it $3.4 billion loan
ADB has distanced itself from the "premature announcement" of Pakistan that the global lender would provide a loan of $3.4 billion to the cash-strapped nation.
Pakistan reached deal with IMF on bailout package, will get $6 billion over next three years, says official
Pakistan will get $6 billion from the International Monetary Fund (IMF) over the next three years to meet foreign debt obligations, the country's advisor on finance Abdul Hafeez Shaikh said on state television after an signing the agreement.
Two days before the PPP-led government completes its term, Prime Minister Raja Pervez Ashraf today proposed the names of former finance minister Abdul Hafeez Shaikh, economist Ishrat Hussain and retired judge Mir Hazar Khan Khoso for the post of caretaker premier.
Abdul Hafeez Shaikh today resigned as Pakistan's Finance Minister amidst mounting speculation that he would play a key role in the caretaker administration.