Friday, June 30th, 2023
Pakistan secures critical $3bn nod from IMF in nick of time
ISLAMABAD, JUN 30: The International Monetary Fund (IMF) has reached a staff-level pact with Pakistan on a $3 billion stand-by arrangement, the lender said, a decision long awaited by Pakistan, which is teetering on the brink of default. The deal — subject to approval by the IMF board in July — comes after an eight-month delay and offers some respite to Pakistan, which is battling an acute balance of payments crisis and falling foreign exchange reserves. The $3bn funding, spread over nine months, is higher than expected for Pakistan. TheRead More
PM Shehbaz to attend SCO meeting virtually
PM Shehbaz to attend SCO meeting virtually Idnian PM Modi had extended prime minister the invitation DNA ISLAMABAD: Prime Minister’s Participation in the 23rd Meeting of SCO Council of Heads of State (CHS)Prime Minister Muhammad Shehbaz Sharif will participate in the 23rd Meeting of SCO Council of Heads of State (CHS) being held in videoconference format on 4th July 2023. The invitation to the Prime Minister to attend the SCO-CHS was extended by the Prime Minister of India in his capacity as the current Chair of the SCO. At theRead More
Daily Islamabad POST a leading and credible newspaper of Pakistan
Daily Islamabad POST a leading and credible newspaper of Pakistan DNA ISLAMABAD: Daily Islamabad POST has quickly risen to prominence as Pakistan’s premier English daily newspaper. In a remarkably short period, it has established itself as the country’s foremost diplomatic newspaper, providing extensive coverage of diplomatic endeavors worldwide. Being Pakistan’s first and exclusive diplomatic daily, Daily Islamabad POST takes pride in its comprehensive reporting of global diplomatic activities. The Daily Islamabad POST is powered by a team of accomplished career journalists, led by Editor Ansar Mahmood Bhatti, whose remarkable journalisticRead More
FM Bilawal to leave for an official visit to Japan on Jul 1
ISLAMABAD, JUN 30 /DNA/ Foreign Minister’s Visit to Japan At the invitation of the Japanese Government, the Foreign Minister of the Islamic Republic of Pakistan Bilawal Bhutto Zardari will be visiting Japan on 1-4 July 2023. The Foreign Minister’s visit signals the revival of leadership level contacts with Japan after a considerable hiatus. During the visit the Foreign Minister will hold delegation level talks with his Japanese counterpart Yoshimasa Hayashi. The Foreign Minister of Pakistan will also be calling on the Prime Minister of Japan Fumio Kishida. He will alsoRead More
IMF reaches staff-level agreement with Pakistan on $3 billion ‘stand-by arrangement’
ISLAMABAD, JUN 30: Pakistan and the International Monetary Fund (IMF) on Friday reached a long-awaited staff-level agreement (SLA) on $3 billion “stand-by arrangement” (SBA), the global lender announced. “I am pleased to announce that the IMF team has reached a staff-level agreement with the Pakistani authorities on a nine-month Stand-by Arrangement (SBA) in the amount of SDR2,250 million (about $3 billion or 111 percent of Pakistan’s IMF quota),” Nathan Porter, the IMF’s Mission Chief to Pakistan, said in a statement. “The new SBA builds on the authorities’ efforts under Pakistan’sRead More
PM Shehbaz, Azerbaijan President exchange Eid greetings, review ties
ISLAMABAD, JUN 30 /DNA/ – Prime Minister Muhammad Shehbaz Sharif held a telephone call with the President of Azerbaijan Ilham Aliyev. Felicitating President Ilham Aliyev on the auspicious occasion of Eid-ul-Adha, Prime Minister extended his best wishes to the brotherly people of Azerbaijan. Appreciating the warm hospitality extended to him and his delegation during his visit to Baku earlier this month, the Prime Minister expressed satisfaction that important engagements at the various bilateral levels are being coordinated in the wake of decisions taken during the visit. The two leaders alsoRead More