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Articles for tag: 1bn, assesses, bond, FinMin, Latest, Panda, programme, progress

December 19, 2025

News Desk

FinMin assesses progress on $1bn Panda Bond programme

Chinese investor interest signals strong confidence in Pakistan’s economic reforms Finance and Revenue Minister, Senator Muhammad Aurangzeb. Photo: APP Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb reviewed the progress on Pakistan’s inaugural Panda Bond issuance under a planned $1 billion program aimed at diversifying funding sources and supporting debt sustainability. He was briefed by officials of the Ministry of Finance’s Debt Management Office on regulatory approvals, investor outreach and market readiness as Pakistan prepares to enter China’s onshore bond market with the first issue targeted for January. Pakistan Moves Towards US$1 Billion Panda Bond Program With Inaugural Issue

November 22, 2025

News Desk

Pakistan and the EU are committed to strengthening trade and investment ties through the GSP Plus programme

Deputy Prime Minister and Foreign Minister Ishaq Dar (left) and EU High Representative and Vice President Kaja Kallas during a meeting in Brussels, Germnay on November 22, 2025. — X/@ForeignOfficePk The meeting reviewed the entire spectrum of Pakistan-EU relations, says FO. Discussions covered South Asia, Afghanistan, the Middle East. Dar also meets different leaders on the sidelines of the ministerial forum. Pakistan and the European Union reaffirmed their commitment to a broad, multidimensional and long-term partnership anchored on shared values, the United Nations Charter, multilateralism and the principles of mutual respect and cooperation, the Foreign Office said in a statement

November 14, 2024

News Desk

“There are no objections from any country including India” to the Champions Trophy programme

An undated image of the ICC Champions Trophy. — AFP The PCB plans to hold an international test event in January 2025. The participating groups raised “no objection” to the security plan. The final Champions Trophy schedule is yet to be announced. KARACHI: No country, including India, raised concerns over the proposed schedule for the ICC Champions Trophy 2025 in Pakistan during the ICC board meeting in Dubai last month, held alongside the ICC Women’s T20 World Cup, sources said Geo News. Minutes from the board meeting show that the programme, which was also approved by the ICC broadcasters, was

November 5, 2024

News Desk

Prince William and Robert Irwin join hands on climate programme

Prince William and Robert Irwin join hands on climate plan Prince William took an early morning walk with conservationist Robert Irwin near Table Mountain on Tuesday. William is in Cape Town, South Africa for the Earthshot Awards week. On his second day in town he took a walk with the son of the late “Crocodile Hunter” Steve Irwin. Robert, who is also a global ambassador for the Earthshot Prize, took the Prince of Wales for a walk up Signal Hill, which overlooks Cape Town. The duo was accompanied by the mayor of Cape Town, Geordin Hill-Lewis. During his walk, William

October 11, 2024

News Desk

Pakistan’s economic prospects depend on IMF programme, external financing: World Bank

View of the World Bank building. — Reuters/File The World Bank report predicts a GDP growth rate of 2.8% for Pakistan. Business confidence may improve after credit upgrades. Pakistan’s lack of trade openness hurts exports, the report says. ISLAMABAD: In its report ‘Pakistan Development Update: The Dynamics of Power Distribution Sector Reform’, the World Bank has identified the International Monetary Fund (IMF) programme, external financing and higher electricity tariffs as some of the main challenges facing Pakistan’s economy is facing. As such, the bank warned that Pakistan’s macroeconomic projections are heavily dependent on the Washington-based lender continuing its program and

August 20, 2024

News Desk

Sana Mir joins WCA to tackle ‘unsustainable’ cricket programme

Listen to the article LONDON: The World Cricket Association has launched a ground-breaking review of the sport’s “broken and unsustainable” programme. The players’ association, formerly known as FICA, plans to propose a solution that allows international cricket leagues and domestic leagues to “co-exist on a clear, coherent calendar” for all. Former England and Wales Cricket Board chief executive Tom Harrison and former Pakistan women’s captain Sana Mir are part of a six-strong panel that will work with independent advisers on the review. They will make recommendations to the WCA board after consultation with players, administrators, team owners and broadcasters. “The

May 31, 2024

News Desk

Dr Shahzad Baig confirms his resignation as head of the anti-polio programme

Dr. Shahzad Baig. — Time Magazine Dr Baig says he resigned his position for personal reasons. Now he will be replaced by a government bureaucrat. So far, 3 children have contracted the polio virus in Pakistan. Dr Shahzad Baig, national coordinator of the Pakistan Polio Eradication Programme, said he was stepping down for “personal reasons”. Dr Baig, who was named to the list of 100 global health leaders by year magazine, he himself confirmed the reason for his resignation Geo News. The development was confirmed by Dr Baig days after Islamabad decided to hire a government official to head the

May 28, 2024

News Desk

Rupee eases slightly ahead of IMF programme

KARACHI: The Pakistani currency on Monday fell by Rs 0.09 to close at Rs 278.30 against the US dollar in the interbank market as the currency moved on both sides of the fence ahead of securing the next International Monetary Fund (IMF) loan programme. The currency has continued to move in a narrow range of Rs 278-278.50/$ in recent weeks, indicating that it has remained largely stable for some time amid “economic engineering” such as import control. According to State Bank of Pakistan (SBP) data, the rupee had closed at Rs 278.21 against the dollar on Friday. Earlier, the currency

April 11, 2024

News Desk

Pakistan eyeing possible $3bn SBA loan follow-up programme: IMF chief

International Monetary Fund (IMF) Managing Director Kristalina Georgieva attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 17, 2024. — Reuters Pakistan in talks with IMF on monitoring program: Georgieva. He says Pakistan is “successfully completing the existing programme”. The head of the IMF highlights issues that need to be addressed. WASHINGTON: Pakistan is in discussions with the International Monetary Fund on a possible follow-up program to the nine-month Stand-by Arrangement (SBA) worth $3 billion, IMF chief Kristalina Georgieva said on Thursday, adding that it has important issues to resolve. . Georgieva told an event

March 13, 2024

News Desk

Pakistan to pursue ‘long, big’ IMF programme: finance minister

“Wholesalers, retailers, real estate and agricultural income will be brought into the tax net,” says Muhammad Aurangzeb Newly appointed Finance Minister Muhammad Aurangzaib poses after being sworn in in Islamabad, March 11, 2024. — Ministry of Finance Aurangzeb says SIFC is important platform to bring investment. The IMF mission is scheduled to visit Islamabad from March 14 to 18. The finance minister hints at an interest rate cut. ISLAMABAD: Finance Minister Muhammad Aurangzeb on Tuesday shared that the government will work with the International Monetary Fund (IMF) for a “big and long programme” under the Expanded Fund Facility (EFF). In

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