Loan

Finance ministry says Pakistan’s capacity to repay ‘adequate’

Credit flow slightly lower than target of Rs1.3tr set by agri-committee

Trader owed Rs100,000 to three people who were nagging him for payment

PTI Govt adds Rs11.35 trillion to public debt in two years, according to the finance ministry

SBP has also allowed the bank to extend the maturity of FE-25 import loans by 180 days

Rs6.88 billion loans were given to farmers during the last two years

It took loans of only Rs205b in July due to surge in foreign financing

Amount will be used to pay four weeks’ worth of salaries, pensions

Islamabad had secured a $3b loan from Riyadh for one-and-a-half year

Aims to help survive Covid-hit economy

IFIs will provide $750m financing for RISE programme

Manila-based lender seeks clarification on administrative change

State Bank of Pakistan tells banks to raise housing loan portfolio to 5% of private sector credit

Asad Umar says existence of ERP is a prerequisite

Minister says monitoring cell will oversee implementation of scheme

Money helps achieve foreign currency reserves target of around $12b

Further revises downward GDP growth forecast for new fiscal year

Amount for FY21 is two-thirds less than original demand for outgoing fiscal year

Inflow supports rupee that appreciates to 167.36 against dollar

Squabbling among the ministries affects utilisation of funds

Buzdar administration seeks Rs 115 billion to pay outstanding bills

Global lender restores Pakistan's budgetary support after four years

$100m will be used for PPE procurement, $200m to assist poor

Fresh borrowing to be made for activities like garbage collection, pension, fiscal reforms

Forum president also calls for significant cuts in import duties, tax waiver

Tolerance of tax loopholes is decreasing in corona-hit EU states

Experts recommend further cut in interest rates and 12% reduction in GST rate

Gap narrows to just $6m in March due to fall in imports amid Covid-19

Package approved to mitigate impact of Covid-19 pandemic

Inflows push forex reserves to one-month high

Funding of $500 million aimed at overcoming health and economic shocks

Finance secretary says situation remains unclear, impact of relief may be $1.7b

IMF resident representative says inflation will remain in double digits this year

Pakistan also expects to get $1.5b relief in shape of delay in repayment of loans to bilateral creditors

Disbursement of $1.4 billion is scheduled to happen next week, says IMF

Financing aimed at enhancing water availability in Punjab

Businessmen argue cottage industries will be unable to pay 4% interest

Pakistan will have to pay $19b worth of debt, face big drop in remittances

Pakistan’s deficit can reach Rs4tr due to coronavirus impact, according to IMF findings

IMF board approves first batch of countries to receive grants

Dr Abdul Hafeez Shaikh says without it developing countries will be worst affected from COVID-19 pandemic

Loan will be given to extend budgetary support to the country in the wake of economic slowdown

Move mandatory for availing $500 million loan from World Bank

Payments to creditors in last quarter are likely to further stretch official foreign currency reserves

Shah Mehmood Qureshi reiterates PM Imran Khan's call for debt relief

Capital value tax abolished to support Pakistan Stock Exchange as market continues to plunge

World Bank says Pakistan could not implement budget support aid for reforms in financial sector

However, cumbersome procedures for public procurements need to be waived

Funds will enhance capacity of resources-deficient public hospitals and labs

Move comes due to spike in interest rates, refinancing risks of external debt