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ISLAMABAD (Reuters) -Two major Pakistan political parties said on Tuesday that they had reached a formal agreement to form a coalition government, ending ten days of intense negotiations after an ...
Markets on Wednesday reacted positively to the news of an alliance, which removed days of uncertainty. Pakistan's benchmark share index rose 1.81%. The index had fallen more than 5% since the ...
Pakistan and the International Monetary Fund reached a preliminary agreement for the release of $1.1 billion from a $3 billion bailout following dayslong talks in Islamabad, the IMF said Wednesday.
In the 1980s, Pakistan agreed to pay $658 million for 28 F-16 fighter jets from the United States; however, the US congress froze the deal, citing objections to Pakistan's nuclear ambitions. Under the terms of the American cancellation, the US kept both the money and the planes, leading to angry claims of theft by Pakistanis.
In February 2023, a Moody economist predicted that inflation in Pakistan could average 33% in the first half of the year 2023. [31] China lent Pakistan further 700 million dollars to shore up Forex reserves. [32] Pakistan's Consumer price index (CPI) further jumped to 31.5%, the highest annual rate in 50 years. [33]
This deal includes sale of four Mi-35 ‘Hind E’ attack helicopters to Pakistan. Russia is also interested in joining CPEC, which will benefit CPEC and strengthen Pakistan's economy. Another deal in 2015 includes Russia to invest $2bn in project of constructing north–south gas pipeline, first phase of which is expected to conclude by Dec 2017.
Pakistan's government also confirmed the deal and and hailed it. The release of the $700 million still must be approved by the IMF's management and executive board, though such approvals are ...
Social commerce startup DealCart wants to make life easier for shoppers, at least in Pakistan. The company announced today that it has raised $4.5 million in pre-seed funding just three months ...