ISLAMABAD: Pakistan expects Washington to respond within the next couple of months to its request for a proposed $10 billion bilateral stabilisation facility, as Islamabad seeks to strengthen investor confidence and improve its access to international capital markets. Finance Minister Muhammad Aurangzeb had earlier confirmed that Pakistan approached US Treasury Secretary Scott Bessent for the...
The Economic Coordination Committee (ECC) has approved a Rs 98 billion subsidy package to reduce borrowing costs for exporters and stimulate Pakistan’s export sector after overseas shipments declined by 6% in the last fiscal year. Chaired by Finance Minister Muhammad Aurangzeb, the ECC endorsed three major export support initiatives, including an enhanced Export Finance Scheme...
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...