State Bank Of Pakistan

Pakistan: Public debt soars by PKR 18 trillion

This is more than the liabilities accumulated by any government in the country's history, according to the State Bank of Pakistan's monthly debt bulletin

Coronavirus Outbreak: IMF approves nearly $1.4 bn to Pakistan to meet balance of payment crisis

The IMF has approved the disbursement of $1.386 billion as a financial assistance to cash-strapped Pakistan to meet its urgent balance of payment needs stemming from the COVID-19 outbreak

CPEC not burden, relations with China will never fray, says Pakistan; rejects notion of Beijing being sole beneficiary of project

The CPEC is a multi-billion dollar development project, with a planned network of roads, railways and energy projects

'CPEC is not about aid': US urges Pakistan to ask China tough questions, warns it will take toll on local economy

The China Pakistan Economic Corridor (CPEC) is a planned network of roads, railways and energy projects linking China's resource-rich Xinjiang Uyghur Autonomous Region with Pakistan's strategic Gwadar Port on the Arabian Sea.

Debt-ridden Pakistan government hands free rein of Gwadar Port to China, country to army chief

The State Bank of Pakistan's most recent quarterly report points out that the economy is in a classic debt trap, with more debt required to pay off the earlier loans taken

Pakistan accumulates record public debt of $47.5 billion within first year of Imran Khan-led government, say reports

The Imran Khan-led Pakistani government has accumulated a record public debt of PKR 7,509 billion (47.5 billion dollars) during its first year in power, as per local media reports

FATF sets new targets for Pakistan to check terror financing, asks Islamabad to monitor sale of jewellery, prize bonds

The FATF last year placed Pakistan on the grey list of countries whose domestic laws are considered weak to tackle the challenges of money laundering and terror-financing

US asks Islamabad to show progress in action against militant outfits; FATF says Pakistan failed to complete action plan on terror financing

The US has asked Pakistan to show some 'visible progress' in its action against the banned terror outfits. A US delegation was in Islamabad to have an independent assessment of steps, actions and measures identified during the Florida meetings.

Amid public discontent against inflation in Pakistan, Imran Khan orders roll back of roti, naan prices across country

The cash-strapped government of Prime Minister Imran Khan has decided to roll back the prices of naan and roti across Pakistan, media reports said on Wednesday.

Pakistan's IMF bailout to attract additional $38 billion from lenders, says Prime Minister's Advisor on Finance Abdul Hafeez Shaikh

The International Monetary Fund's (IMF) decision to provide a 6 billion dollars bailout package to Pakistan has improved the cash-strapped country's standing and it would attract 38 billion more from other lenders