ISLAMABAD – Keeping in view its payment obligations, Pakistan on Friday paid the $1 billion it owed to creditors in sukuk bonds. As Pakistan’s foreign exchange reserves have dipped to a dangerously low level, there were concerns whether Pakistan would be able to pay off its creditors ...

Google has suspended carrier-paid apps in Pakistan due to non-payment of outstanding dues days after the State Bank of Pakistan (SBP) blocked $34 million in payments to international service providers. The download option for paid apps through mobile phone accounts has been suspended in the ...

JEDDAH – The Saudi Fund for Development (SFD) has extended the term for the $3 billion deposit provided by the kingdom to the State Bank of Pakistan (SBP). The SBP announced the development on Twitter, stating: “The extension of the term of the deposit is a continuation of the support ...

ISLAMABAD – Google Play Store services will continue to be available in Pakistan as the Ministry of Finance has agreed to release blocked payments to international service providers including tech giant Google. The development comes amid fear that users will not be able to get the paid ...

ISLAMABAD – Pakistan on Tuesday received a $500 million funds from Asian Infrastructure Investment Bank as the cash-strapped country battles to stave off an economic crisis. The funds are a sigh of relief as Pakistan’s foreign exchange reserves have continued to plunge over the past ...