Pakistan Financial Crisis
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Pakistan To Auction Loss-Making Pakistan International Airlines: Report
The Pakistan government is trying to sell loss-making Pakistan International Airlines (PIA) as envisaged under a $7 billion International Monetary Fund (IMF) programme.
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Video: Passengers Confront Pakistan International Airlines Staff Over Flight Cancellation
Notably, Pakistan International Airlines (PIA), has been grappling with financial turmoil for months.
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Cash-Strapped Pakistan Airlines Forced To Ground Boeing 777 Aircraft
Pakistan International Airlines (PIA) is grappling with a dire financial crisis, resulting to grounding of several Boeing 777 aircraft due to insufficient funds for maintenance, as reported by ARY News on Friday.
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Pakistan International Airlines Partially Restores Cancelled Flights
Pakistan International Airlines has resorted to widespread flight cancellation, leaving thousands of passengers in distress as the national flag carrier's financial situation went from bad to worse.
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Pakistan Airlines Cancels 26 Flights Amid Financial Crisis: Report
Pakistan International Airline (PIA) flights have been severely affected as Pakistan State Oil (PSO) stopped fuel supply to the national carrier over non-payment of dues to the company, Geo News reported on Monday.
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IMF Proposes Cash-Strapped Pak To Adopt Austerity In New Projects: Report
The International Monetary Fund (IMF) has reportedly proposed tight austerity conditions in Pakistan's development budget and expressed concern over the allocation of funds for new projects in the current financial year, ARY News reported.
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Pakistan Airlines Cancels Several Flights Amid Financial Crisis: Report
Amid a major financial crisis, Pakistan International Airlines (PIA) cancelled several domestic and international flights, ARY News reported on Thursday.
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Pakistan National Carrier PIA Grounds 11 Aircraft Due To Financial Crisis
Pakistan's cash-strapped national carrier has grounded 11 aircraft, including three of its Boeing 777s, due to the unavailability of funds to replace parts.
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Cash-Strapped Pakistan To Lease Part Of Karachi Port To UAE For $220 Million
AD Ports Group of the United Arab Emirates (UAE) signed an agreement Thursday to take over the running of part of Pakistan's main Karachi docking facility in a deal worth an immediate $220 million, the company said.
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UAE, China Promise $1.3 Billion To Get IMF Deal On Track: Pak Minister
Pakistan announced financial support today from the United Arab Emirates and China totaling $1.3 billion, giving the ailing economy a shot in the arm as it seeks to meet conditions for the resumption of an International Monetary Fund bailout.
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Pakistan Banks Turn to Blockchain Technology to Update Customers' KYC Details Amid Economic Turmoil
Banks in Pakistan have decided to develop a know-your-customer (KYC) platform using blockchain technology in order to strengthen the country’s efforts to curb money-laundering. With a blockchain-based KYC platform, financial institutions will be able to minimise onboarding costs for bank users.
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Pakistan To Get $700 Million Loan From China: Finance Minister
Pakistan's all-weather ally China has approved a loan of USD 700 million and the funds will be transferred to the central bank this week, Finance Minister Ishaq Dar announced today as the cash-strapped country tried to avert a financial crisis.
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'Shameful For A Nuclear Power To Beg': Pak PM Amid Financial Crisis
Pakistan Prime Minister Shehbaz Sharif has said it is a matter of shame that a country, which is a nuclear power, has to beg amid its faltering economy, reported The News International.
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On Financial Support For Pakistan, China Says It Has Done Its "Utmost"
China, which has offered a $9 billion bailout package to Pakistan, on Monday pledged more support for the cash-strapped nation.
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Flood-Hit Pakistan Should Suspend Debt Repayments, Says UN Paper: Report
Pakistan should suspend international debt repayments and restructure loans with creditors after recent floods added to the country's financial crisis, the Financial Times reported on Friday, citing a UN policy memo.
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Pakistan To Auction Loss-Making Pakistan International Airlines: Report
The Pakistan government is trying to sell loss-making Pakistan International Airlines (PIA) as envisaged under a $7 billion International Monetary Fund (IMF) programme.
-
Video: Passengers Confront Pakistan International Airlines Staff Over Flight Cancellation
Notably, Pakistan International Airlines (PIA), has been grappling with financial turmoil for months.
-
Cash-Strapped Pakistan Airlines Forced To Ground Boeing 777 Aircraft
Pakistan International Airlines (PIA) is grappling with a dire financial crisis, resulting to grounding of several Boeing 777 aircraft due to insufficient funds for maintenance, as reported by ARY News on Friday.
-
Pakistan International Airlines Partially Restores Cancelled Flights
Pakistan International Airlines has resorted to widespread flight cancellation, leaving thousands of passengers in distress as the national flag carrier's financial situation went from bad to worse.
-
Pakistan Airlines Cancels 26 Flights Amid Financial Crisis: Report
Pakistan International Airline (PIA) flights have been severely affected as Pakistan State Oil (PSO) stopped fuel supply to the national carrier over non-payment of dues to the company, Geo News reported on Monday.
-
IMF Proposes Cash-Strapped Pak To Adopt Austerity In New Projects: Report
The International Monetary Fund (IMF) has reportedly proposed tight austerity conditions in Pakistan's development budget and expressed concern over the allocation of funds for new projects in the current financial year, ARY News reported.
-
Pakistan Airlines Cancels Several Flights Amid Financial Crisis: Report
Amid a major financial crisis, Pakistan International Airlines (PIA) cancelled several domestic and international flights, ARY News reported on Thursday.
-
Pakistan National Carrier PIA Grounds 11 Aircraft Due To Financial Crisis
Pakistan's cash-strapped national carrier has grounded 11 aircraft, including three of its Boeing 777s, due to the unavailability of funds to replace parts.
-
Cash-Strapped Pakistan To Lease Part Of Karachi Port To UAE For $220 Million
AD Ports Group of the United Arab Emirates (UAE) signed an agreement Thursday to take over the running of part of Pakistan's main Karachi docking facility in a deal worth an immediate $220 million, the company said.
-
UAE, China Promise $1.3 Billion To Get IMF Deal On Track: Pak Minister
Pakistan announced financial support today from the United Arab Emirates and China totaling $1.3 billion, giving the ailing economy a shot in the arm as it seeks to meet conditions for the resumption of an International Monetary Fund bailout.
-
Pakistan Banks Turn to Blockchain Technology to Update Customers' KYC Details Amid Economic Turmoil
Banks in Pakistan have decided to develop a know-your-customer (KYC) platform using blockchain technology in order to strengthen the country’s efforts to curb money-laundering. With a blockchain-based KYC platform, financial institutions will be able to minimise onboarding costs for bank users.
-
Pakistan To Get $700 Million Loan From China: Finance Minister
Pakistan's all-weather ally China has approved a loan of USD 700 million and the funds will be transferred to the central bank this week, Finance Minister Ishaq Dar announced today as the cash-strapped country tried to avert a financial crisis.
-
'Shameful For A Nuclear Power To Beg': Pak PM Amid Financial Crisis
Pakistan Prime Minister Shehbaz Sharif has said it is a matter of shame that a country, which is a nuclear power, has to beg amid its faltering economy, reported The News International.
-
On Financial Support For Pakistan, China Says It Has Done Its "Utmost"
China, which has offered a $9 billion bailout package to Pakistan, on Monday pledged more support for the cash-strapped nation.
-
Flood-Hit Pakistan Should Suspend Debt Repayments, Says UN Paper: Report
Pakistan should suspend international debt repayments and restructure loans with creditors after recent floods added to the country's financial crisis, the Financial Times reported on Friday, citing a UN policy memo.
