Pakistan Finance Minister Muhammad Aurangzeb. File | Photo Credit: Reuters Pakistan has formally sought a bailout package in the range of $6-$8 billion with the possibility of augmentation through climate financing from the IMF, a media report said on April 20. Cash-strapped Pakistan also requested to dispatch the International Monetary Fund (IMF) review mission next … Read more
Lt. Gen. Jeffrey Kruse, Director of the Defense Intelligence Agency. File | Photo Credit: AP Pakistan sustained its nuclear modernisation efforts last year despite its economic turmoil as its contentious relationship with India continues to drive its defence policy, the top U.S. intelligence official told Congress. The remarks by Lt. Gen. Jeffrey Kruse, Director of … Read more
Economic activity is subdued in Pakistan, the World Bank noted. Representational | Photo Credit: Reuters The World Bank has painted a grim economic picture of Pakistan in its biannual report, cautioning that over 10 million more people are at risk of descending into poverty in the cash-strapped country. The Washington-based lender’s apprehension comes from a … Read more
Muhammad Ishaq Dar has said that the Pakistani business community wants the government to resume trade with India. File | Photo Credit: PTI Pakistan will “seriously” consider restoring trade ties with India that remained suspended since August 2019, Foreign Minister Muhammad Ishaq Dar has said, indicating a potential shift in diplomatic stance towards the neighbouring … Read more