RIYADH: Saudi Arabia has announced a financial assistance package worth $8 billion for Pakistan, aimed at supporting the country’s economic stability amid ongoing global financial challenges. Read More: Saudi Arabia pledges $3 billion support for Pakistan The announcement was made in Riyadh following directives from King Salman bin Abdulaziz and Mohammed bin Salman, underscoring the longstanding economic and strategic […]
Pakistan economy
IMF chief praises Pakistan’s reform progress after meeting Aurangzeb
International Monetary Fund (IMF) Managing Director Kristalina Georgieva has praised Pakistan’s progress on economic reforms and noted improvements in macroeconomic stability following a meeting with Finance Minister Muhammad Aurangzeb, according to statements released on the sidelines of the IMF–World Bank Spring Meetings 2026 in Washington. Read More: Finmin highlights reform priorities at Harvard discussion The finance minister […]
Pakistan receives $2 billion from Saudi Arabia
Pakistan has received $2 billion from Saudi Arabia, confirmed the State Bank of Pakistan, marking a significant boost to the country’s foreign exchange reserves amid ongoing economic pressures. Read More: Saudi Arabia pledges $3 billion support for Pakistan According to official confirmation, the funds were transferred as part of Saudi financial support commitments to Pakistan. The development […]
Federal development budget slashed by Rs173bn amid IMF pressure
Pakistan’s federal development budget has been reduced by Rs173 billion amid pressure from the International Monetary Fund and the economic impact of ongoing Middle East tensions, officials said on Wednesday. Read More: Federal development spending remains slow in first five months According to the Ministry of Planning, the Public Sector Development Programme (PSDP) has been cut […]
PSX gaining over 4,000 points Iran US talks boost investor sentiment
The Pakistan Stock Exchange (PSX) witnessed a strong rally on Wednesday, with the benchmark KSE-100 Index gaining over 4,000 points amid renewed optimism over potential negotiations between the United States (US) and Iran. Read More: PSX sheds nearly 4% after Iran peace talks collapse The KSE-100 Index climbed to 170,179.03 points, marking an increase of 4,544.19 points or […]
Saudi Arabia to provide $3bn support to Pakistan: Aurangzeb
Federal Finance Minister Muhammad Aurangzeb has announced that Saudi Arabia will provide financial support of $3 billion to Pakistan by next week in the form of additional deposits. Saudi Arabia Announces USD 3 Billion Additional Support, Extends USD 5 Billion Deposit: Finance Minister Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has informed that […]
Pakistan faces financing shift after UAE loan
Pakistan is considering multiple financing options, including Eurobonds, commercial borrowing, and loans from other countries, to replace a $3.5 billion facility from the United Arab Emirates. Finance Minister Muhammad Aurangzeb said all funding avenues remain open as the country manages external pressure on its foreign reserves. The move comes as Pakistan balances debt repayments and […]
Pakistan Stock Exchange staged a strong recovery after recent sell-off
The Pakistan Stock Exchange staged a strong recovery on Tuesday, with its benchmark KSE-100 Index gaining significant ground in early trading after a steep decline in the previous session. Read More: Pakistan Stock Exchange falls as oil spike fuels inflation fears The KSE-100 Index climbed to an intraday high of 165,150.36, rising 4,559.03 points or 2.84%. […]
Aurangzeb held meetings with World Bank officials during Spring Meetings 2026
Pakistan’s Finance Minister Senator Muhammad Aurangzeb held key meetings with senior officials of the World Bank Group during the World Bank–IMF Spring Meetings 2026 in Washington, focusing on economic cooperation and reform priorities. Read More: Finmin discusses reform agenda, social protection with WB’s director In his meeting with Anna Bjerde, Managing Director (Operations) at the […]
Aurangzeb arrives in Washington for IMF World Bank meetings
Finance Minister Muhammad Aurangzeb has arrived in Washington, D.C. to attend the World Bank Group and International Monetary Fund (IMF) Spring Meetings 2026, as Pakistan continues efforts to strengthen its economic reform agenda amid global uncertainty. Read More: Aurangzeb meets IMF to assess EFF progress According to Pakistan’s Ministry of Finance, the minister will participate in high-level discussions […]