KARACHI: Pakistan received the second tranche of Special Drawing Rights (SDR) 760 million, equivalent to $1.02 billion, from the International Monetary Fund (IMF). The State Bank of Pakistan(SBP) confirmed that the Pakistan SBP has received 2nd tranche from IMF under Extended Fund Facility (EFF) program. IMF Executive Board completed the first review under the EFF … Read more
IOC approves LA 2028 Olympics’ cricket plan. Cricket’s global appeal noted. Bach excited for diverse 2028 Games. In a significant development for the world of sports, the Executive Board (EB) of the International Olympic Committee (IOC) has given its approval to the proposal submitted by the Organising Committee of the Los Angeles 2028 Olympic Games. … Read more
ISLAMABAD: The Executive Board of the International Monetary Fund (IMF) has approved around $1 billion tranche for Pakistan after concluding the 2021 Article IV consultation and the sixth review of the arrangement under the Extended Fund Facility. The review allows the authorities to draw the equivalent of SDR 750 million (around $1 billion), bringing the … Read more
KARACHI: The rupee recovered five paisas against the dollar on Monday on the expectations of release of the next International Monetary Fund (IMF) tranche, dealers said. The exchange rate ended at Rs176.72 against the dollar from last Friday’s closing of Rs176.77 in the interbank foreign exchange market. The Executive Board of the IMF is scheduled … Read more
BRUSSELS: Eurozone inflation surged to its highest rate on record in November, fuelled by soaring energy prices, official data showed on Tuesday. Consumer prices picked up to 4.9 per cent from 4.1 per cent in the previous month, the highest reading since the official statistics agency Eurostat began compiling the data more than 20 years ago. … Read more
