Pakistan and IMF reach staff-level agreement on $1.2 billion loan 

The government of Pakistan and the International Monetary Fund (IMF) reached an agreement over the weekend for Pakistan to receive $1.2 billion in loans, pending approval from the IMF Board. The Extended Fund Facility (EFF) will provide $1 billion, and the remaining $210 million will be provided by the Resilience and Sustainability Facility (RSF). These funds are part of a broader $7 […]

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Pakistan and IMF reach staff-level agreement on $1.2 billion loan 

The government of Pakistan and the International Monetary Fund (IMF) reached an agreement over the weekend for Pakistan to receive $1.2 billion in loans, pending approval from the IMF Board. The Extended Fund Facility (EFF) will provide $1 billion, and the remaining $210 million will be provided by the Resilience and Sustainability Facility (RSF). These funds are part of a broader $7 […]

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Pakistan’s solar push pays off in energy crunch

As conflict in the Gulf region spikes global energy prices, Pakistan has an important economic buffer it can count on, thanks to large investments in solar energy. After the war ...

Mohenjo-Daro and the Lost Cities of the Indus Valley

Pakistan is home to one of the most remarkable relics of humanity’s earliest civilizations: the walled city of Mohenjo-Daro. Located in the province of Sindh, the oldest portions of the ...

Sharif in Vienna: Expanding Pakistan–Austria commercial and climate ties

Prime Minister Shehbaz Sharif landed in Vienna on February 15 as part of a welcoming reception hosted by the country’s chancellor, Christian Stocker, to kick off a visit encouraging closer ...

Indus AI Week opens with $1 billion investment pledge by 2030

The inaugural Indus AI Week commenced on Monday, heralding a week of guest speakers, workshops, hackathons, and exhibitions in cities across Pakistan. The events are intended to reiterate Pakistan’s goal of becoming a global leader in AI development, as detailed in the URAAN Pakistan National Economic Transformation Plan, as well as ...

After over a Decade, Pakistan and Bangladesh Reconnect by Air

On January 29, Biman Bangladesh Airlines flight BG341 set a renewed precedent as the first aircraft to fly directly from Bangladesh to Pakistan in over 14 years. In commemoration, the ...

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Pakistan and IMF reach staff-level agreement on $1.2 billion loan 

The government of Pakistan and the International Monetary Fund (IMF) reached an agreement over the weekend for Pakistan to receive $1.2 billion in loans, pending approval from the IMF Board. The Extended Fund Facility (EFF) will provide $1 billion, and the remaining $210 million will be provided by the Resilience and Sustainability Facility (RSF). These funds are part of a broader $7 […]

...
Pakistan News Now is a digital news and storytelling platform spotlighting the people, progress, and potential of Pakistan, at home and across the globe.
Pakistan News Now is a digital news and storytelling platform spotlighting the people, progress, and potential of Pakistan, at home and across the globe.