Tag Archives: IMF

[ad_1] Pakistan Stock Exchange broke a new record as trading opened on Tuesday. Stocks rallied to take the benchmark 100-index to cross 71,000 points. The development comes a day after Saudi Arabia’s foreign minister landed in Pakistan with multiple investment deals likely to be discussed. The market has been rising …

[ad_1] A Pakistani delegation led by Finance Minister Muhammad Aurangzeb has arrived in Washington D.C, United States to participate in the spring meetings of the International Monetary Fund (IMF) and World Bank. The Governor State Bank of Pakistan, the secretary Finance, the additional secretary and others are included in the …

[ad_1] KARACHI: Business leaders have warned that a significant surge in petrol prices would lead to price increases across all commodities and products, adding 5% to the cost of all industrial production. Speaking to The Express Tribune, they expressed concern that the tough conditionalities imposed by the International Monetary Fund …

[ad_1] KARACHI: Finance Minister Muhammad Aurangzeb on Friday claimed that it was misconstrued that the International Monetary Fund (IMF) opposed subsidies whereas it wanted the targeted ones to be increased. “The fact is that the IMF is against untargeted subsidies. It actually wants the targeted subsidies to be enhanced,” he …

[ad_1] The federal government is preparing to announce new petrol price with an increase of Rs 10 per litre from April 1, fuelling inflation in the county. However, if the authorities gave in to the IMF demands petrol price may increase by up to Rs50 per litre. The prices will …

[ad_1] ISLAMABAD: Pakistan has granted a Rs50 billion annual income tax exemption to two government departments, violating the International Monetary Fund (IMF) programme and its own tax law. This decision faced resistance from tax authorities despite being approved through two Acts of Parliament. Official documents show that the Pakistan Civil …

[ad_1] ISLAMABAD: The new government’s steadfast commitment to economic revival and proactive approach to building upon the groundwork laid by the caretaker administration are encouraging signs. The government’s swift action in initiating negotiations with the IMF for another loan programme is necessary to address the substantial external financial deficit and …

[ad_1] ISLAMABAD: The review of IMF’s standby arrangement (SBA) is complete, and Pakistan is now seeking another IMF programme with the aim of “permanently resolving its fiscal and external sustainability weaknesses, strengthening economic recovery, and laying the foundations for a strong, sustainable, and inclusive growth”. This is expected to be …

[ad_1] Finance Minister Muhammad Aurangzeb said on Friday that the matter of an Extended Fund Facility (EFF) with the International Monetary Fund (IMF) will be discussed in Washington next month as the country looks to alleviate a full-scale economic crisis. The standby $3 billion arrangement with the global lender expires …

[ad_1] ISLAMABAD: The matter of an Extended Fund Facility (EFF) with the International Monetary Fund (IMF) will be discussed in Washington next month, Finance Minister Muhammad Aurangzeb said on Friday, as the country looks to alleviate a full-scale economic crisis. The standby $3 billion arrangement with the global lender expires …