Pakistan currency notes and coins at a money changer booth in Karachi. Reuters
Pakistan’s rupee dropped to an all-time low of 146.5 to the dollar on Thursday, days after Islamabad announced it had reached an agreement with the International Monetary Fund on a fresh bailout for its troubled economy.
The government has stated that its reform agenda signed with International Monetary Fund (IMF) is on track and the progress so far on nearly all the performance and structural benchmarks for first quarter of the current fiscal year
The International Monetary Fund (IMF) has said that the industrial and social sectors in Pakistan have improved, adding that its latest economic reform programme is on track too.
The Asian Development Bank (ADB) approved $1 billion in immediate budget support to Pakistan to shore up the country’s public finances and help strengthen economy besides approving $300 million to support energy sector reforms.
The partnership has launched "Emirates Developers," a new real estate development company incorporated in Pakistan. Emirates Developers will build mixed-used resort-themed communities in the tourist hotspots of Pakistan.
Sheikh Abdullah Bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Ivory Coast Prime Minister Patrick Achi, reviewed the prosects of fostering cooperation between the two nations and exchanged views
Madiyar Menilbekov, Ambassador of Kazakhstan to the UAE, has emphasised that Expo 2020 Dubai constitutes a distinguished opportunity to develop the economic and trade ties between the UAE and Kazakhstan.