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economic situation

Under compelling economic situation, govt had to approach IMF: Fawad

ISLAMABAD: Information Minister Chaudhry Fawad Hussain on Saturday said the government had to go to the International Monetary Fund (IMF) for loans under compelling economic situation in the country. "The country needs eight billion dollars to pay back loans this year," he said while talking to newsmen in Lahore. Fawad said the government was set to accomplish the task of constructing five million houses. He said the government was determined not to spare those persons who plundered the national exchequer. Read…

Pakistan delegation meets World Bank’s Annette Dixon, highlights economic situation

ISLAMABAD: A Pakistan delegation on Saturday met with World Bank Vice President for South Asia Region Annette Dixon in Washington DC and discussed economic situation and potential investment opportunities in Pakistan. The Pakistan delegation including Finance Secretary Shahid Mahmood, Governor State Bank of Pakistan Tariq Bajwa and Secretary Economic Affairs Division Arif Ahmed Khan met separately with World Bank's Annette Dixon, Executive Vice President and Chief Executive Officer of the Multilateral Investment Guarantee…