Pakistan is aiming to secure a new loan agreement with the International Monetary Fund (IMF) by early July, Reuters reported on Tuesday, citing its Finance Minister Muhammad Aurangzeb.
The new deal, if secured, would be a significant long-term (...)
Egyptian Prime Minister Mostafa Madbouly is confident that the country's exports can reach and surpass $145bn by 2030, compared to around $53bn in 2023.
Madbouly emphasized the importance of collaboration between the government and the private (...)
قالت هيئة إدارة الكوارث بإقليم خيبر بختونخوا بشمال غرب باكستان، اليوم الثلاثاء، إن ما لا يقل عن 21 شخصا لقوا حتفهم في عدة حوادث ناجمة عن هطول الأمطار الغزيرة التي ضربت الإقليم خلال الأيام الأربعة الماضية.
وذكرت قناة "جيو" الباكستانية أن من بين (...)
Debt for climate and nature swaps, a mechanism where indebted countries receive debt relief in exchange for environmental conservation, could generate $100 billion to combat climate change, according to a report by the International Institute for (...)
The Pakistani Embassy in Cairo, in collaboration with the Egyptian Ministry of Culture, hosted a vibrant Pakistan Cultural Evening as part of the ongoing Ramadan Nights program at the Cairo Opera House.
Students from the Pakistan International (...)
Embassy of Pakistan Cairo Commemorated 84th National Day of Pakistan with traditional zeal and fervour Saturday. Ambassador Sajid Bilal hoisted the National Flag to the tune of the National Anthem. Prayers were offered for the well-being, peace and (...)
The International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan for a $1.1-billion disbursement to help the country address its balance of payment crisis, Reuters reported on Wednesday.
This agreement is part of a $3-billion (...)
Pakistan's central bank maintained its key interest rate at 22 per cent for the sixth consecutive policy meeting due to ongoing inflation risks, its monetary policy committee announced in a statement on Monday.
The State Bank of Pakistan (SBP) (...)
Pakistan's central bank is expected to maintain its key interest rate at a record 22 per cent for the sixth consecutive policy meeting on Monday due to ongoing inflation risks, Reuters reported on Thursday.
However, most analysts anticipate rate (...)
Al Ansari Exchange, a leading provider of transfer and foreign currency exchange services in the UAE and part of the Al-Ansari Financial Services Group, has reported a significant increase in money transfers to Egypt following the liberalisation of (...)
The risk of government defaults in emerging markets is decreasing, fueling a bond rally, especially in junk-rated sovereign debt, marking its strongest start since 2019, Bloomberg reported.
Factors such as a $1 trillion effort to rebuild prospects (...)
Daraz Group, an Alibaba-owned e-commerce platform, has announced layoffs across the group in an effort to establish a more efficient and flexible structure, according to an internal memo reviewed by Reuters on Tuesday.
However, the memo did not (...)
The Prime Minister of Egypt, Mostafa Madbouly, attended the signing ceremony of a cooperation agreement between the Information Technology Industry Development Authority (ITIDA) and the UAE-based Mashreq Global Network. The agreement aims to expand (...)
Pakistan's Foreign Ministry defended the fairness of the February 8th general elections, expressing surprise at the "negative tone" of some international statements regarding the polls.
Despite complex security challenges and "misplaced concerns," (...)
Kenya's eurobonds, which mature in June, saw a sharp increase after the country's announcement that it would be selling new securities and making an offer to buy back its $2 billion in debt, Bloomberg reported.
According to a government statement, (...)
Pakistan's government will need to start negotiations over a new loan package with the International Monetary Fund (IMF) to repay its "significant" payments due to the global lender, former central bank governor Reza Baqir said in an interview with (...)
Ora Developers has launched its new project, Ali El Wardy, the largest residential city in Baghdad, Iraq. The project is part of the Iraqi government's strategy to build new residential cities outside the city centers to ease the urban housing (...)
In observance of Kashmir Solidarity Day, the Pakistan Embassy in Cairo organized a seminar titled "A Tribute to Kashmiris' Just Struggle for Self-Determination" on Monday.
The event drew a diverse audience, including intellectuals, civil society (...)
A Pakistani military aircraft carrying much-needed supplies for the people of Gaza touched down at El-Arish International Airport Monday, marking the fifth batch of humanitarian assistance provided by the South Asian nation.
The shipment consisted (...)
حُكم على رئيس الوزراء الباكستاني السابق عمران خان وزوجته بشرى بيبي، اليوم الأربعاء، بالسجن 14 عامًا في قضية تتعلق ببيع هدايا الدولة، وهذه هي الإدانة الثالثة ل«عمران»، بما في ذلك تلك التي كانت بالأمس، وفقا لصحيفة (دون).
ويأتي الحكم الذي أصدرته محكمة (...)
The State Bank of Pakistan (SBP) announced on Monday that the Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 22 per cent, due to "elevated" inflation which reached 29.7 per cent in December.
The MPC expects average (...)
Pakistan carried out a series of airstrikes in Iran's southeastern Sistan-Baluchestan province on Thursday, targeting "terrorist hideouts" linked to cross-border attacks on Pakistani soil. Iran strongly condemned the strikes, alleging civilian (...)
A recent research conducted by GSMA Intelligence with support from Huawei revealed that 80% of consumers surveyed across 16 countries now view climate change as the world's No. 1 challenge.
These countries include Saudi Arabia, Turkey, Egypt, South (...)
Magdi Moussa and Mohamed El Abiad, the co-founders of IMMRSV, a brand innovation studio that specializes in Edtech and Fintech, have been featured in the Forbes Middle East annual 30Under30 list for 2023. The list showcases young innovators in the (...)
جولة التصفيات مع Saudi Arabia - Pakistan اليوم، مشاهدة مباراة السعودية وباكستان يلا شوت بث مباشر في تصفيات كأس العالم، تستعد المنتخب السعودي لكرة القدم لبدء مشواره في التصفيات المؤهلة لكأس العالم 2026 وكأس آسيا 2027، حيث سيواجه منتخب باكستان في (...)