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Islamabad (Khyber Mail): Global rating agency Moody’s has upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings from Caa3 to Caa2. The upgrade reflects Pakistan’s improving macroeconomic…
ISLAMABAD (Khyber Mail): The International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan regarding the final review of a $3 billion bailout. Following approval from the Fund’s Executive…
The IMF’s criticism of Pakistan’s reckless budget for fiscal year 2023-24 carries profound risks for the economy. The June 30 deadline for meeting the lender’s conditions to unlock funding will…