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Pakistan economic crisis

Cash-Strapped Pakistan PM Shehbaz Sharif Bans Red Carpets At Official Events To Cut Costs

[ad_1] A ban has been imposed on the use of red carpet on Pakistan PM Shehbaz Sharif’s directives Islamabad: Pakistan Prime Minister Shehbaz Sharif has banned the use of red carpets at government events, reserving them exclusively for diplomatic receptions, as part of austerity measures to cut down unnecessary expenditures in the cash-strapped nation. Sharif…

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Pakistan secures final IMF approval for $700 million loan tranche

[ad_1] Pakistan won final approval for the disbursement of about $700 million in aid from the International Monetary Fund, providing a boost to the embattled South Asian economy ahead of elections next month.The IMF’s executive board approved the loan, the Washington-based lender said in a statement on Thursday. The nation’s dollar bonds were among the…

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