Pakistan secured another major financial lifeline on Friday after the International Monetary Fund (IMF) approved $1.2 billion in loan tranches under two separate lending programmes, giving crucial support to the country’s fragile economy as it struggles with inflation, weak growth and external financing pressures. The approval came after Islamabad agreed to nearly a dozen additional […]
Pakistan Inflation Back Above 10% After Nearly 2 Years
Pakistan’s consumer inflation jumped back into double digits in April after nearly two years, as rising transport fares and energy prices pushed up the cost of living across the country, official data showed. The Consumer Price Index rose by nearly 11 percent year on year in April, compared with 11.1 percent in July 2024, the […]
Gold Market Sees Sudden Dip as Prices Drop by Rs2,700 Per Tola in Pakistan
Gold prices in Pakistan witnessed a sharp decline, falling by Rs2,700 per tola, in line with a downward trend in international markets, offering temporary relief to buyers after weeks of volatility. The latest drop reflects global price corrections and shifting investor sentiment, with local rates adjusting quickly to changes in international bullion markets. Prices fall […]
No Impact Yet: Pakistan’s Remittances Hold Firm Amid Middle East War
Pakistan’s overseas remittances remained resilient in March despite the escalating conflict in the Middle East, offering a measure of stability to an economy already under pressure from rising fuel costs and external financing challenges. Data released by the State Bank of Pakistan showed that workers’ remittances stood at around $3.8 billion in March, reflecting continued […]
Pakistan Secures $1.2 Billion IMF Boost After Key Agreement
Pakistan and the International Monetary Fund have reached a staff-level agreement that will unlock about $1.2 billion in fresh funding, subject to approval by the IMF Executive Board. The agreement comes under Pakistan’s ongoing $7 billion loan programme, providing critical financial support as the country continues efforts to stabilise its economy. According to the IMF, […]