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MUNIR AHMED. March 20, 2024 at 2:48 AM. ISLAMABAD (AP) — Pakistan and the International Monetary Fund reached a preliminary agreement for the release of $1.1 billion from a $3 billion bailout ...
The United States has imposed sanctions on Pakistan on various occasions to force Pakistan to comply with its strategic interests since 1965, with Pakistan's willingness to participate with the United States in the wars in Somalia and Bosnia, relations improved.
In late May 2022, the government lifted the cap on fuel prices - a condition for advancing the long-stalled bailout deal with the International Monetary Fund (IMF). IMF also insisted Islamabad to raise electricity prices, ramp up tax collection and make sizeable budget cuts.
On 30 June 2023, the IMF and Pakistan have reached an agreement at the staff level for a stand-by arrangement worth $3 billion. This agreement comes at a critical time for Pakistan, as it was facing the risk of defaulting on its financial obligations. References
ISLAMABAD (Reuters) -Two major Pakistan political parties said on Tuesday that they had reached a formal agreement to form a coalition government, ending ten days of intense negotiations after...
Both Iran and Pakistan maintain strategic partnerships with China, a 25-year strategic deal between China and Iran is considered beneficial to Pakistan and Chinese government welcomes Iran's active participation in the China–Pakistan Economic Corridor.
The 2022–23 Pakistan political unrest was a series of political crises after the ousting of former prime minister Imran Khan through a no-confidence motion in April 2022. The crises began in 2022 when the opposition joined hands and submitted a no-confidence motion against Imran Khan's government in the National Assembly .
India–Pakistan relations are the bilateral ties between the Republic of India and the Islamic Republic of Pakistan. The two countries have a complex and largely hostile relationship that is rooted in a multitude of historical and political events, most notably the partition of British India in August 1947.
2023 – China-Pakistan signed $3.5 billion deal to construct largest nuclear power plant of Pakistan, Chasma 5. [121] 2024 – China on the verge of providing $2 billion in loans to continue supporting Pakistan's economy.
Often these are gifts with symbolic religious value. For example, in 2014 Saudi Arabia gave Pakistan 200 tonnes of dates as a gesture of friendship. On 2 April 2014, Pakistan Today reported that Pakistan would sell JF-17 Thunder jets to Saudi Arabia after the kingdom gave a grant of $1.5 billion to Pakistan in early 2014.