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The Latest Breaking News from Ishaq Dar

Pakistan minister cancels trip to IMF, World Bank meetings in US - sources

Pakistan's finance minister has cancelled a visit to Washington for spring meetings of the International Monetary Fund (IMF) and World Bank, government officials said on Friday, citing domestic political turmoil as the reason.

Reuters

China rolls over $2 billion loan to Pakistan as it struggles with external liquidity

Pakistani Finance Minister Ishaq Dar said on Friday China had rolled over a $2 billion loan that matured last week, providing relief during the South Asian nation's acute balance of payment crisis.

Reuters

Politics Are Holding Pakistan’s Economy Hostage

Drama around former Prime Minister Imran Khan leaves Pakistan’s finances in the lurch.

Foreign Policy

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How skyrocketing inflation has hit Pakistan’s most vulnerable

With Ramadan approaching, millions of Pakistanis struggle to put food on the table amid a worsening economic crisis.

Al Jazeera

Markets brace for Pakistan default risk as $7 billion debt looms

ISLAMABAD: Bondholders are bracing for a potential default by Pakistan as the beleaguered nation struggles to meet billions of dollars in debt repayments by June.

The Times of India

IMF to crisis-hit Pakistan: Tax the rich, protect the poor

Comments come at the back of a 10-day visit by an IMF delegation, as Pakistan hopes to unlock $1.1bn of crucial funds.

Al Jazeera

As cash runs out, Pakistan introduces bill to unlock IMF funds

Measures proposed to secure the crucial loan include raising the general sales tax by a percentage point to 18 percent.

Al Jazeera

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How Pakistan is taking desperate economic measures for IMF bailout

NEW DELHI: The Pakistan government is trying its best to secure a deal with the International Monetary Fund (IMF) for the release of a critical bailout package, failing which it can slump into default.

The Times of India

Pakistan in bailout bid sharply raises natural gas taxes

Cash-strapped Pakistan sharply increased taxes on natural gas to comply with a long-stalled financial bailout, and both industrial and everyday consumers were expected to feel the pain

The Independent UK

Pakistan fails to reach deal with IMF: What it means for economy

NEW DELHI: Cash-strapped Pakistan's woes deepened further after it failed to reach a consensus with International Monetary Fund (IMF) for $1.1 billion funding.

The Times of India

Pakistan says it agrees to IMF terms on release of $1.1bn payout

As IMF team leaves after 10 days of talks, finance minister Ishaq Dar says ‘routine procedures’ have delayed payment.

Al Jazeera

Pakistan Finance Minister says expect IMF matters to be settled today - Dawn news

Pakistan's finance minister was quoted on Thursday as saying he expects talks with a visiting International Monetary Fund mission to be settled today.

Reuters

Pakistan is roiled by multiple crises at once, with little end in sight

A storm of global issues, from the Russian invasion of Ukraine to the Taliban's takeover of Afghanistan, has exposed and exacerbated Pakistan's political, economic and security fault lines.

WEKU

Pakistan govt raises petrol, diesel prices by Rs 35 each

ISLAMABAD: Cash-strapped Pakistan's government on Sunday raised prices of petrol and diesel by Rs 35 each, giving another jolt to the country's inflation-stricken people.

The Times of India

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Al Jazeera

Amid economic turmoil, Pakistan hikes up fuel prices

Decision comes amid stalled negotiations with global lender IMF which is yet to release a crucial instalment of $1.1bn.

Al Jazeera

Pakistan’s finance minister to meet IMF delegation in Geneva

IMF has yet to approve the release of $1.1bn originally due to be disbursed in November last year.

Al Jazeera

Pakistan central bank’s forex reserves fall to near four-year low

Announcement by the State Bank of Pakistan comes as the country is in dire need of foreign aid.

Reuters

Pakistan to get $500 million from Asian Infrastructure Investment Bank for development program

Pakistan will receive $500 million as co-financing for the BRACE development program from the Asian Infrastructure Investment Bank (AIIB), the country's finance minister Ishaq Dar said on Wednesday.

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Asharq Al-Awsat

Saudi Energy Minister, Pakistani Finance Minister Hold 1st Meeting of Steering Committee

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman and Pakistan's Finance Minister Ishaq Dar held on Thursday the first meeting of the Saudi-Pakistani Steering Committee of the Economic Pillar. Prince Abdulaziz confirmed in a statement that the Kingdom considers Pakistan an important partner in its development plans and programs. He…

Al Jazeera

Pakistan finance minister says it may buy discounted Russian oil

If India buying oil from Russia, ‘we also have a right’, minister says as Pakistan aims to preserve its shrinking forex.

The Independent UK

Pakistani finance minister sees gradual recovery from floods

Pakistan’s new finance minister estimated that it could take “close to three years’’ for the south Asian country to recover from devastating floods that killed more than 1,700 people and left nearly 8 million more homeless

Al Jazeera

Pakistan ‘strongly contests’ Moody’s ratings downgrade

Concerns are rising about Pakistan’s ability to pay for imports such as energy and food, and meet sovereign debt needs.

The Guardian - UK

Pakistani PM says he should not have to beg for help after catastrophic floods

Shehbaz Sharif says he wants ‘climate justice’ from rich polluting countries after monsoons put a third of his country under water

The Independent UK

Bank to provide $2.5 billion to flood-ravaged Pakistan

Pakistan's Finance Ministry says the Asian Development Bank will provide $2.5 billion in aid to the impoverished flood-affected country, where climate-induced deluges of rain have killed nearly 1,700 people since-mid- June

Al Jazeera

Why is Pakistan investigating several audio leaks from PM office?

PM Shehbaz Sharif orders formation of committee to investigate leaking of several audio files released over past week.

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