Pakistan’s struggling economy received a major financial boost as Saudi Arabia renewed its long-standing economic support, extending a $1 billion oil facility and rolling over $5 billion in deposits placed with the State Bank of Pakistan (SBP), according to confirmation from the Finance Ministry. The extension underscores Riyadh’s continued commitment to Pakistan’s financial stability, especially […]
IMF Raises Concerns Over Pakistan’s Wheat Policy; Govt Clarifies No Fixed Support Price
The International Monetary Fund (IMF) has expressed concern over Pakistan’s newly approved wheat policy, which initially appeared to include a minimum support price (MSP) mechanism — a move the Fund viewed as potentially market-distorting. According to sources within the Ministry of National Food Security & Research, the IMF sought immediate clarification after the policy’s approval, […]