PM Thanks Saudi Arabia for US$2 billion deposit to State Bank
Prime Minister Shehbaz Sharif on Tuesday extended his “deep gratitude” to the leadership and brotherly people of the Kingdom of Saudi Arabia for the US$2 billion deposit with the State Bank of Pakistan. “I would like to especially thank my brother Saudi Crown Prince and Prime Minister His Royal Highness Mohammed bin Salman for ensuring […]
Fitch Upgrades Pakistan’s Long Term Foreign-Currency Rating to CCI
In a significant development for Pakistan’s economic revival, global rating agency “Fitch” has upgraded the country’s long-term foreign-currency rating from IDR (Issuer Default Rating) to CCC. This positive news comes as a welcome boost to the ongoing efforts towards economic recovery and has been met with celebrations and congratulations. Federal Finance Minister Ishaq Dar accounted […]
IMF Thanks Imran Khan. Why?
Managing director of the International Monetary Fund (IMF) Kristalina Georgieva through a letter, has expressed her recognition of Pakistan’s efforts to ensure a safe evacuation of its staff from Afghanistan in the post-Taliban takeover. In a letter to Prime Minister Imran Khan, Kristalina Georgieva said Pakistan’s efforts “were absolutely critical to the safe and swift […]