Cash-strapped Pakistan

Pakistan Inches Closer To Final Review Of USD 3 Billion Bailout

Pakistan on Wednesday reached a staff-level agreement with International Monetary Fund on the final review of a USD 1.1 Billion after the fund's executive board gave approval for the move. The funds are part of the final tranche of the USD 3 billion last-gasp rescue package that Pakistan secured last...

Cash-strapped Pakistan receives funds worth USD 700 million from China Development Bank

Pakistan Finance Minister Ishaq Dar announced on Friday that the State Bank of Pakistan (SBP) has received USD 700 million from the China Development Bank (CDB). This is a much-needed boost to the country's forex reserves as the country suffers from an economic crisis, according to Pakistan-based The Express Tribune...