foreign reserves
Pakistan Enters Development Phase After Economic Stabilisation: Finance Minister
Pakistan has moved into a new phase of development after achieving economic stabilisation, Federal Finance Minister Muhammad Aurangzeb said, pointing to strong macroeconomic indicators and renewed investor confidence. In an interview with the American newspaper USA Today, the finance minister outlined how consistent reforms and disciplined policies have helped steady the economy and laid the […]
Saudi Arabia Rolls Over Its $3 Billion Deposit for Pakistan
Saudi Arabia has rolled over its US$3 billion deposit for Pakistan for another year after the Saudi Development Fund approved an extension, providing the government with critical external financing support. The rollover ensures that the funds currently held by the State Bank of Pakistan remain available to reinforce the country’s foreign exchange reserves during a […]
Development Funds Slashed: Pakistan Obeys IMF Demands to Secure Bailout
Pakistan’s development dreams take a backseat as the federal government bites the bullet, slashing Rs116 billion from its development budget at the International Monetary Fund’s (IMF) behest. This drastic move aims to appease the global lender and ensure the success of its bailout program, crucial for stabilizing Pakistan’s struggling economy. Key Takeaways: Economic Challenges Loom: […]