Pakistani Rupee Climbs to Twenty Month High Against US Dollar Driven by Soaring Foreign Exchange Reserves
Pakistani rupee strengthens below the two hundred seventy-eight mark against the US dollar as central bank data confirms total liquid reserves surged to twenty-two point fifty-nine billion dollars.
Pakistan Nears $1.2 Billion IMF Payout as Finance Minister Aurangzeb Anticipates Staff-Level Agreement
Pakistan is expected to finalize a staff-level agreement with the IMF this week, paving the way for a $1.2 billion payout under its ongoing loan programme. Finance Minister Muhammad Aurangzeb leads negotiations aimed at economic stabilization, privatisation, and financing strategies.
Pakistan Seeks IMF Approval for New Tax to Fund Rs213 Billion Jinnah Medical Complex
Pakistan has approached the IMF for approval to impose a new municipal tax in Islamabad to finance the Rs213 billion Jinnah Medical Complex, while also exploring alternative funding options including budget reallocations and Panda bonds.