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16 Jun 20
No new taxes have been levied to deal with the public finance toll of Covid-19 in Pakistan’s new budget, in which the government outlined a huge stimulus package and a sizeable hike in defence...
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6 Dec 19
Pakistan has been given an emergency $1bn loan to help shore up its public finances and provide support to a slowing economy.
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14 Oct 19
Growth in South Asia is projected to slow, the World Bank has warned, and a rebound is uncertain in the short term.
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9 Aug 19
Pakistan’s efforts to boost its exports in order to protect the economy against external shocks are being supported by a $500m loan from the Asian Development Bank.
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9 Jul 19
Critics of an anti-corruption campaign launched by Pakistan’s leader have said it is damaging the economy as officials fearful of being suspected put projects on hold.
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11 Jun 19
Pakistan’s military agreed to take a budget cut ahead of the government revealing its spending for the year today as the country faces a “critical financial situation”.
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13 May 19
The IMF has agreed a $6bn bailout with Pakistan to prop up the country’s fragile public finances and boost its sluggish economy.
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18 Feb 19
Saudi Arabia has promised investment deals worth $20bn with Pakistan to help boost its struggling economy.
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12 Feb 19
Pakistan is on the way to securing an International Monetary Fund bailout package after prime minister Imran Khan promised to carry out structural reforms.
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14 Dec 18
The Asian Development Bank and Pakistan have signed an agreement worth $284m to provide a more stable and secure electricity supply in the country.
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7 Nov 18
Corruption and money laundering are the “biggest hurdles” stopping Pakistan from developing and pulling people out of poverty, prime minister Imran Khan has warned.
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2 Nov 18
China has indicated it will support Pakistan as the country struggles with a “very difficult” economic situation.
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26 Oct 18
Saudi Arabia has agreed to a $6bn rescue package for Pakistan to help it deal with debt problems.
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12 Oct 18
Pakistan has appealed to the International Monetary Fund for a bailout package to help it out of economic turmoil.
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9 Oct 18
Pakistan’s prime minister has said he may go to the International Monetary Fund for a bailout loan if other governments do not step in to help his country.
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28 Sep 18
Pakistan’s premier Imran Khan is putting his government’s eight buffaloes up for sale as part of his continued efforts to replenish the public coffers.
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18 Sep 18
Pakistan’s new government has begun auctioning off state-owned vehicles as part of prime minister Imran Khan’s cost-cutting drive.
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3 Sep 18
The Asian Development Bank has approved a $100m loan to help with water shortages in Balochistan, Pakistan’s largest province.
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20 Aug 18
Pakistan’s new prime minister has called for the rich to start paying taxes to cut public debt – and pledged to live a “simple life”.
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9 Aug 18
Pakistan’s new prime minister Imran Khan, who pledged to fight corruption during his election campaign, has been questioned over the misuse of government helicopters.
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17 Jul 18
Pakistan’s plans to deal with natural disasters are being reinforced by the Swiss Embassy in the country and the Asian Development Bank.
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6 Jul 18
Pakistan’s former prime minister Nawaz Sharif has been sentenced to 10 years in prison on corruption charges related to London property.
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8 May 18
Public and the private sector organisations need to be ‘well-aligned’ if partnerships between the two are to be successful, CIPFA’s president has said in Pakistan today.
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3 Apr 18
The World Bank has provided Pakistan with $145m to help make home-ownership more accessible and affordable in the country.
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20 Mar 18
The Asian Development Bank has signed a $260m loan agreement with Pakistan to improve its power transmission network.