Financing was sent under ADB’s BRACE program to provide the fiscal space needed for the government to implement its countercyclical development spending package. ISLAMABAD: The Asian Infrastructure Investment Bank (AIIB)…
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Interpreter: The Reko Diq saga — financial implications
by RP Staff
The $9 billion Reko Diq Deal is the most significant investment in Pakistan’s history. By making a matching investment, the country gets 50 percent of the profit from the overall…
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Protracted Pak-IMF talks may delay the $1 billion tranche.
by RP Staff
Talks between Pakistan and the IMF are stalling as the two sides have so far been unable to reach a broader agreement on a revised macroeconomic framework for the current…
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Bajwa holds farewell meetings with President Alvi and Prime Minister Shehbaz.
by RP Staff
Outgoing Chief of Army Staff General Qamar Javed Bajwa paid farewell visits to Prime Minister Shehbaz Sharif and President Arif Alvi on Monday. In a meeting with Prime Minister Shehbaz,…
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PSX Shakes After SBP Raises Interest Rates to Highest Since 1999
by RP Staff
KSE-100 index falls by over 950 points; experts blame SBP’s pronouncement to upsurge interest rate The Pakistan Stock Exchange (PSX) stormed open on Monday morning in response to the State…