Ministers voluntarily agreed to the measures, he said. “These austerity measures will save us Rs 200 billion annually,” Sharif told a news conference in Islamabad. Sharif said the South Asian country expected to get funds from the IMF soon, adding the austerity measures were part of the requirements the lender asked Pakistan to meet before…
A finance ministry official said the loan was in addition to other facilities that China has already extended to Pakistan. He said the money could come by Thursday. China Development Bank did not respond to a faxed request for comment. Prime Minister Shehbaz Sharif said he was hopeful of reaching an agreement with the IMF…
International donors on Monday committed more than $9 billion to help Pakistan recover from last year’s devastating floods, surpassing its external financing targets and setting a new tone on raising money to fight climate disasters in poor countries. Model paved the way. Officials from some 40 countries as well as private donors and international financial…
Pakistan’s former prime minister Imran Khan, in his first public appearance since being injured in a gun attack earlier this month, said on Saturday that he was withdrawing his protest march to Islamabad as he feared it would create havoc in the country. Will go Since being ousted from power in April, Khan has been…