The oil-rich Kingdom earlier provided $3 billion in cash deposits and extended a $3 billion oil facility in 2018, but Pakistan had to retur...

The decision on the quantum of compensation to be paid was taken on Friday by the Economic Coordination Committee (ECC) of the Cabinet, rem...

Earlier, IMF said it has reached an agreement with Pakistan that will help revive a stalled $6 billion funding programme for the South Asia...

"The Pakistani authorities and IMF staff have reached a staff-level agreement on policies and reforms needed to complete the sixth review,"...

The Saudi government would immediately deposit $3bn in Pakistan's account for a year and keep it rolling at least until the completion of t...

He was scheduled to fly to London from there, but returned to Washington on Tuesday as an IMF official said at a news briefing that the tal...

The talks held from October 4 to 15 failed to reach a staff level agreement because of differences over the macroeconomic framework and unc...

Among those whose holdings have been exposed are Khan's finance minister, Shaukat Fayaz Ahmed Tarin, and his family, and the son of Khan's ...

Pakistan and the IMF had signed the USD 6 billion deal in July 2019 but the programme was derailed in January 2020 and restored briefly in ...

Playing such games has not served Pakistan well. The last time Afghanistan fell to the Taliban, Pakistan had to deal with a flood of refuge...

The Finance Ministry approved a Rs 2.13/litre hike in petrol and an increase of Rs 1.79/litre in the price of High-Speed Diesel (HSD), repo...

"At this time, we don't have the capacity to increase tariffs or [adopt] incremental taxes, our common man is completely fed up with this i...

"The targets they have given us, that is tough... We have talked to them and they are very sympathetic," Tarin said, referring to a loan ag...

The US deducted $55 million under its reimbursement programme for expenses incurred by Pakistan on the war on terror after American auditor...

The US has deducted $55 million out of the $156 million bill set by Pakistan for rendering its military services to fight against Taliban a...

Pakistan will have to slash its defence budget by 30% over next four years if it agrees to the IMF's conditions for a bailout package.

Pakistan, perceived as the world's riskiest borrower, may seek the help of the IMF to avoid default on its debt obligations.