Source: Radio Australia
Prominent Pakistani politician, Imran Khan says the country is heading for a financial and social disaster.
Pakistan has held discussions with the International Monetary Fund and needs up to $US4.5 billion in the next month to deal with a balance of payments crisis.
Mr Khan says there’s no government strategy for tackling the problems and […]
Pakistan heading for disaster: Imran Khan
October 24th, 2008 Sana · 16 Comments
Filed Under: Opinions · Politics
Pakistan Must Stabilize Reserves to Avoid Rating Cut, S&P Says
October 23rd, 2008 Sana · No Comments
Source: Bloomberg
By Khalid Qayum
Oct. 23 (Bloomberg) — Pakistan, seeking assistance from the International Monetary Fund, faces a credit-rating cut if it doesn’t “stabilize” its foreign reserves and balance of payments, Standard & Poor’s said.
The nation’s foreign reserves fell $570 million in the week ended Oct. 10 and have shrunk more than 74 percent in the […]
Filed Under: Business
China to loan $500 mln to Pakistan-Minister
April 17th, 2008 Sana · No Comments
Source: Reuters
ISLAMABAD, April 17 (Reuters) - China has agreed to provide $500 million in concessional loan to help Pakistan meet its balance of payment needs, Pakistani foreign minister Shah Mehmood Qureshi said on Thursday.
The agreement on Chinese financial assistance came during a recent visit by Pakistan’s President Pervez Musharraf to the long-time political ally China.
The […]
Filed Under: Business
