Business News Archive

$551m facility signed with ITFC for fuel imports

ISLAMABAD: The government of Pakistan and the International Islamic Trade Finance Corporation (ITFC) on Monday signed a $551 million facility to finance oil and liquefied natural gas (LNG) imports during the current fiscal year. Adviser to the Prime Minister on Finance, Revenue …

IMF bailout package agreed upon in writing: Asad

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have finalised, documented and signed a bailout package on exchange rate, public finance, fiscal deficit and energy prices and an IMF mission will be visiting Islamabad in the third week of the current month …