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Asif Shahzad

Saudis offer Pakistan $6 billion rescue package to ease economic crisis

6:56pm BST

ISLAMABAD Saudi Arabia has agreed to give Pakistan $3 billion in foreign currency support for a year and a further loan worth up to $3 billion in deferred payments for oil imports to help stave off a current account crisis, Pakistan's government said on Tuesday.

Imran Khan leaves for Saudi conference saying Pakistan 'desperate' for loans

22 Oct 2018

ISLAMABAD Pakistan's Prime Minister Imran Khan left for Saudi Arabia to attend an investment conference boycotted by other leaders over the death of journalist Jamal Khashoggi at the Saudi consulate in Istanbul.

Pakistan's Engro says 'no obligation' to renegotiate LNG contract

19 Oct 2018

ISLAMABAD Pakistani conglomerate Engro Corp Ltd said on Friday it had "no obligation" to renegotiate a contract with the government for imported liquefied natural gas (LNG), a day after the new petroleum minister said it would seek new terms.

UPDATE 1-Pakistan's Engro says "no obligation" to renegotiate LNG contract

19 Oct 2018

ISLAMABAD, Oct 19 Pakistani conglomerate Engro Corp Ltd said on Friday it had "no obligation" to renegotiate a contract with the government for imported liquefied natural gas (LNG), a day after the new petroleum minister said it would seek new terms.

New Pakistani government seeks to renegotiate LNG terminal deals - minister

18 Oct 2018

ISLAMABAD Pakistan's new government will renegotiate agreements for two liquefied natural gas (LNG) import terminals, the country's petroleum minister said on Thursday, part of a wider investigation into deals struck by the previous government.

UPDATE 2-New Pakistani government seeks to renegotiate LNG terminal deals - minister

18 Oct 2018

ISLAMABAD, Oct 18 Pakistan's new government will renegotiate agreements for two liquefied natural gas (LNG) import terminals, the country's petroleum minister said on Thursday, part of a wider investigation into deals struck by the previous government.

Pakistan's new government to open talks with IMF for financial assistance

09 Oct 2018

ISLAMABAD Pakistan's new government will open talks with the International Monetary Fund for emergency financial assistance to ease a mounting balance of payments crisis, the finance ministry said on Monday.

Pakistan opposition leader Shehbaz Sharif arrested ahead of polls

05 Oct 2018

ISLAMABAD Pakistani opposition leader Shehbaz Sharif was arrested on Friday in a longstanding corruption case, the country's anti-graft agency said, nine days before crucial by-elections are due to be held.

Pakistan anti-graft agents arrest opposition leader Shehbaz Sharif

05 Oct 2018

ISLAMABAD Pakistani opposition leader Shehbaz Sharif was arrested on Friday in a longstanding corruption case, the country's anti-graft agency said, in a move taken nine days before crucial by-elections are due to be held.

Saudi Arabia agrees to invest in new oil refinery in Pakistan's Gwadar

05 Oct 2018

ISLAMABAD Saudi Arabia's Aramco has agreed in principle to invest in a new oil refinery in Pakistan's Chinese-funded, deepwater port of Gwadar, the Pakistani petroleum minister said on Thursday.

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