The disaster-hit country suffered at least $18 billion in losses after the floods, but Finance Minister Miftah Ismail is confident that market worries will subside in 2-3 weeks.
The International Monetary Fund approves the release of a long-stalled $1.17 billion tranche of its bailout package for Pakistan as the death toll from monsoon flooding reaches at least 1,136 people.
King Salman bin Abdulaziz issues investment orders to help Pakistan's economy, says Riyadh, just a day after Qatar promised to invest $3 billion in the South Asian country.
Deal with International Monetary Fund pushed back to September due to protests that ousted Gotabaya Rajapaksa, says new President Ranil Wickremesinghe.
The lender said the South Asian nation needed to adopt structural reforms that focus on economic stabilisation and tackle the root causes of its crisis.
The International Monetary Fund says that a Russian gas embargo could have a severe economic fallout in Europe leaving the continent in a deep recession.
Regular citizens, exasperated by months of crippling economic crisis, occupied government residences after three months of protests.
The prime minister says the country's financial legal advisers are working on a debt sustainability report amid the additional challenges of bankruptcy.
Growing regional ties and cooperation are leading rapid economic recovery for Algeria and Türkiye, despite nearly two years of pandemic disruption and market volatility.
Two members of parliament are under criminal investigation as officials said there is "direct evidence" against them for inciting violence at a peaceful anti-government protest.
Tunisians demonstrate in the biggest rally against President Kais Saied in months after he seized power last summer and said he will replace the democratic constitution through a referendum.
Demonstrators heed calls from multiple unions and left-wing groups critical of soaring inflation and centre-left President Alberto Fernandez's social policies.
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