Asia Top News and Analysis Pakistan

  • A man counts Saudi riyal banknotes at his jewelry shop in Tiba market in the capital Riyadh on October 3, 2016.

    Growth is slowing in a number of the world's big economies, and the International Monetary Fund is warning that investor sentiment could make a "sudden reversal" for the worse.

  • ISLAMABAD, Nov 12- Two Pakistani rights activists said on Monday they had been warned by Twitter about objectionable content on the social media network, a move that signals an ongoing push by authorities in the South Asian country to rein in free speech online. But a civil rights advocate said the activists' tweets were not the same as those of the cleric since...

  • ISLAMABAD, Nov 6- Pakistan's finance minister said on Tuesday that its balance of payments crisis was over, a day before an International Monetary Fund team was due to arrive to discuss a possible aid package. But he said on Tuesday that Prime Minister Imran Khan's securing of a $6 billion package from Saudi Arabia plus promised help from China would cover a...

  • Beijing, November 3, 2018: Pakistani Prime Minister Imran Khan and Chinese Premier Li Keqiang. 

    Pakistan is seeking financial support from China before approaching the International Monetary Fund for what would be its second bailout from the organization in five years.

  • Chinese President Xi Jinping attends an event commemorating the 200th birth anniversary of the founding father of communism Karl Marx in Beijing, China May 4, 2018.

    Chinese President Xi Jinping promised to lower tariffs, broaden market access, and import more from overseas at the start of a trade expo designed to demonstrate goodwill amid mounting frictions with the U.S. and others.

  • *China promises to keep aiding Pakistan, offers no details. BEIJING, Nov 2- China promised to support Pakistan's economy on Friday as new Pakistani Prime Minister Imran Khan spoke of his country's "very difficult" economic situation amid a burgeoning financial crisis. Pakistan last month received a $6 billion rescue package from Saudi Arabia, but officials say...

  • *China promises to keep aiding Pakistan, offers no details. BEIJING, Nov 2- China promised to support Pakistan's economy on Friday as new Pakistani Prime Minister Imran Khan told of his country's "very difficult" economic situation amid a burgeoning financial crisis. Last month, Pakistan received a $6 billion rescue package from Saudi Arabia, but officials say it...

  • Pakistan's foreign reserves have plunged 42 percent since the start of the year and now stand at about $8 billion, or less than two months of import cover. Last month, Pakistan received a $6 billion rescue package from Saudi Arabia, but officials say it is not enough and the country still plans to seek a bailout from the International Monetary Fund to avert a...

  • October 24, 2018: Thai sailors visiting Chinese guided missile destroyer Guangzhou during the ASEAN-China Maritime Exercise at a military port in Zhanjiang.

    If the U.S. leaves the treaty, it will be free to develop and install weapons on its military bases around Asia — a move likely to have spillover implications for China and India.

  • ISLAMABAD, Oct 24- Prime Minister Imran Khan said Pakistan still plans to seek a bailout from the International Monetary Fund despite a Saudi Arabian offer of a $6 billion rescue package, and is in talks with two other "friendly nations" for more loans. Without naming the countries, Khan said Pakistan was also touch with two other "friendly nations" for loans so...

  • Oct 24- Emerging-market stocks steadied on Wednesday, with Shanghai indexes boosted by upbeat earnings and signs of more government moves to support the stock market. Markets in India and Russia also rose. Gains were limited by British Prime Minister Theresa May's speech to Conservative Party lawmakers in parliament on Brexit and a growing international...

  • *IMF expected to push Pakistan to make some hard choices. ISLAMABAD, Oct 12- From cutting power subsidies to forcing currency devaluations that stoke inflation, the hard choices facing Pakistan as it seeks a bailout from the International Monetary Fund pose a major headache for populist new Prime Minister Imran Khan. Talks with the IMF have been launched and...

  • *IMF expected to push Pakistan to make some hard choices. ISLAMABAD, Oct 12- From cutting power subsidies to forcing currency devaluations that stoke inflation, the hard choices facing Pakistan as it seeks a bailout from the International Monetary Fund pose a major headache for populist new Prime Minister Imran Khan. Talks with the IMF have been launched and...

  • ISLAMABAD, Oct 10- Pakistan will go to the International Monetary Fund and friendly countries for financial help to avert a looming balance of payments crisis, Prime Minister Imran Khan said on Wednesday. His comments suggest the government will approach both Saudi Arabia and China for loans alongside any assistance provided by the IMF.

  • ISLAMABAD, Oct 9- The Pakistani rupee plunged about 7 percent on Tuesday in an apparent central bank devaluation, while the stock market snapped a six-day skid after the government said it plans to seek a bailout from the International Monetary Fund. It is expected Pakistan will need a bigger sum this year to avoid a balance of payments crisis and stabilize a...

  • ISLAMABAD, Oct 9- The Pakistani rupee plunged about 7 percent on Tuesday in an apparent central bank devaluation, while the stock market snapped a six-day skid after the government said it plans to seek a bailout from the International Monetary Fund. It is expected Pakistan will need a bigger sum this year to avoid a balance of payments crisis and stabilize a...

  • *China role in Pakistan can bring benefits and risks- economist. NUSA DUA, Indonesia, Oct 9- Pakistan has not yet formally approached the International Monetary Fund for financial assistance, but if bailout talks get underway this week, the goal will be to help Pakistan reach its full potential, the IMF's chief economist said on Tuesday. Obstfeld said that if the IMF...

  • *China role in Pakistan can bring benefits and risks- economist. *Pakistan seen facing financing gaps, low reserves. NUSA DUA, Indonesia, Oct 9- Pakistan has not formally approached the International Monetary Fund for financial assistance despite its economic woes, the IMF's chief economist said on Tuesday.

  • ISLAMABAD/ KARACHI, Oct 2- Pakistan wants to build an oil refinery near the deep-water port of Gwadar to reduce petroleum product imports, a planning official said on Tuesday as the government hosted a Saudi delegation reported to be considering funding the project. Pakistan is also during the Saudi visit expected to seek financial assistance from its...

  • IL&FS was floated by government-controlled entities, including Central Bank of India, Unit Trust of India and the Housing Development Finance Corp in the 1980 s. Its subsidiaries include transportation network building subsidiary IL&FS Transportation Networks Ltd, engineering and procurement company IL&FS Engineering and Construction Co Ltd and...