Pakistan has increased the size of its Eurobond issuance from $500 million to $750 million after receiving strong interest from international investors, signalling renewed confidence in the country’s economic outlook. The move marks a significant return to global capital markets after a gap of several years. Officials said the initial target of $500m was revised...
Pakistan has joined a group of developing countries to launch a new global borrowers’ platform aimed at improving debt sustainability, transparency, and coordination among borrowing nations. The initiative was introduced at a high-level meeting of finance ministers and central bank governors, with Pakistan and Egypt co-chairing the working group behind its development. Finance Minister Muhammad...
Pakistan has agreed to end currency controls gradually and relax restrictions on foreign exchange movement as part of commitments made to the International Monetary Fund (IMF), aiming to secure the release of a $1 billion loan tranche. Officials indicated that the move is intended to stabilise the economy amid rising inflation and external pressures caused...
Pakistan Prime Minister Shehbaz Sharif on Wednesday expressed strong appreciation for the World Bank’s continued partnership and support during a high-level meeting with World Bank President Ajay Banga in Islamabad. The leaders discussed strengthening development cooperation across key sectors, including infrastructure, human capital, energy reforms, and economic stability initiatives, all central to Pakistan’s ongoing reform...
Pakistan’s President Asif Ali Zardari met with United Arab Emirates Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum in Dubai on Wednesday, with both leaders exploring ways to strengthen economic, trade, and investment ties between the two countries, officials said. The meeting at Zabeel Palace focused on expanding cooperation in key sectors,...