Finance Minister Muhammad Aurangzeb said on Thursday that a team of the International Monetary Fund (IMF) would be in Pakistan for a four-day visit next week to take forward the discussion on a $1 billion fund for climate resilience. Pakistan has been ranked as the most vulnerable country to climate change in 2022 when it faced devastating monsoon floods that claimed over 1,700 lives, washed aw
An International Monetary Fund mission will arrive in Islamabad next week to discuss around $1 billion in climate financing for Pakistan, an adviser to the finance minister said on Thursday. Khurram Schehzad told Reuters that the mission would visit from Feb 24 to 28 for a “review and discussion” of climate resilience funding. The disbursement will take place under the Fund’s Resilience and
US President Donald Trump suggested on Wednesday that a trade deal was “possible” with China — a key target in the US leader’s tariffs policy. In 2020, the United States had already agreed to “a great trade deal with China” and a new deal was “possible”, Trump told reporters aboard Air Force One. Asked about the comments, Beijing’s foreign ministry said Thursday the two countries should hand
US President Donald Trump suggested on Wednesday that a trade deal was “possible” with China — a key target in the US leader’s tariffs policy. In 2020, the United States had already agreed to “a great trade deal with China” and a new deal was “possible”, Trump told reporters aboard Air Force One. Asked about the comments, Beijing’s foreign ministry said Thursday the two countries should hand
The Large-Scale Manufacturing (LSM) sector contracted 1.87 per cent year-on-year in the first half of 2024-25, the Pakistan Bureau of Statistics data showed on Thursday. The big industry production has seen a negative trend since August 2024, except in October, due to domestic and global factors. The LSM grew positively from December 2023 to May 2024 before entering negative territory in June.