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MUNIR AHMED. March 20, 2024 at 2:48 AM. ISLAMABAD (AP) — Pakistan and the International Monetary Fund reached a preliminary agreement for the release of $1.1 billion from a $3 billion bailout ...
In late May 2022, the government lifted the cap on fuel prices - a condition for advancing the long-stalled bailout deal with the International Monetary Fund (IMF). IMF also insisted Islamabad to raise electricity prices, ramp up tax collection and make sizeable budget cuts.
On 30 June 2023, the IMF and Pakistan have reached an agreement at the staff level for a stand-by arrangement worth $3 billion. This agreement comes at a critical time for Pakistan, as it was facing the risk of defaulting on its financial obligations. References
The Dominion of India is today the Republic of India, and the Dominion of Pakistan—which at the time comprised two regions lying on either side of India—is now the Islamic Republic of Pakistan and the People's Republic of Bangladesh. The partition was outlined in the Indian Independence Act 1947.
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...
2023 – China-Pakistan signed $3.5 billion deal to construct largest nuclear power plant of Pakistan, Chasma 5. [121] 2024 – China on the verge of providing $2 billion in loans to continue supporting Pakistan's economy.
Both Iran and Pakistan maintain strategic partnerships with China, a 25-year strategic deal between China and Iran is considered beneficial to Pakistan and Chinese government welcomes Iran's active participation in the China–Pakistan Economic Corridor.
India–Pakistan relations are the bilateral ties between the Republic of India and the Islamic Republic of Pakistan. The two countries have a complex and largely hostile relationship that is rooted in a multitude of historical and political events, most notably the partition of British India in August 1947.
Pakistan's foreign policy advisor Sartaj Aziz has further signalled that Pakistan may link the Gwadar port to Chabahar via rail. Afghan transit trade. Pakistan business community agreed to utilise Gwadar Port for Afghan transit trade.
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.