Pakistan is set to secure around $6 billion over the next three years in a bailout from the International Monetary Fund (IMF).
It's the 13th bailout since the late 1980s that the country has received from the IMF.
"Pakistan is facing a challenging economic environment, with lackluster growth, elevated inflation, high indebtedness, and a weak external position," IMF representative Ernesto Ramirez Rigo said.
The funding still needs approval from the IMF's management.
UAE roads best in region, says World Economic Forum
The UAE ranked first among Arab countries and fifth globally for the quality of its roads, according to the Travel and Tourism Development Index 2024 issued by the World Economic Forum.
UAE's industrial sustainability highlighted at 'Make It In The Emirates' forum
The Federal Regulation for Energy Management in Industrial Facilities, the first regulation of its kind in the industrial sector, which aims to reduce energy consumption and accelerate decarbonisation, was a focus of discussions on day one of the "Make It in The Emirates" (MIITE) forum in Abu Dhabi.
AED 702m returned to buyers of stalled real estate project
A court in Abu Dhabi has settled 822 execution files, worth AED 702 million, over a paused real estate project in the UAE capital.
'Next50' holds first meeting to promote UAE private sector growth
Investopia, in partnership with EMIR, an emerging market research specialist, held the first meeting of the ‘Next50’ initiative, which aims to promote dialogue and knowledge sharing among leading companies in the UAE, and stimulate investment in emerging sectors in the private sector.
Third 'Make It in the Emirates Forum kicks off in Abu Dhabi
The third edition of the "Make It in the Emirates Forum", organised by the Ministry of Industry and Advanced Technology (MoIAT) in collaboration with the Abu Dhabi Department of Economic Development (ADDED) and ADNOC Group, began on Monday in Abu Dhabi.
5:00pm - 7:00pm
The UAE’s alternative take on news, entertainment and sport. Join Chris, Robbie and Sonal as they cut through the clutter to bring you the news, entertainment and sport stories that actually matter.
7:00pm - 8:00pm
Chris & Robbie bring you the latest from the sporting world plus interviews with upcoming and legendary sporting stars.
Dubai Duty Free executive vice chairman and CEO, Colm McLoughlin, announced that he will be stepping down from his role after 55 years in the travel retail industry and 41 years of leadership at Dubai Duty Free. Colm joined the Business Breakfast to reflect on his epic career.
78% of AI users are now bringing their own AI tools to work, but what does this mean for employers? Zubin Chagpar, Senior Director and Business Group Leader, Modern Work and Surface Devices, Microsoft CEMA tells us more.
ADNOC Drilling's CFO, Youssef Salem, Chief Financial Officer, gives us insight into their 26% rise in Q1 net profit.
It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.
The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.
