IMF turns down power relief plan presented by Pakistan IMF now reportedly seeks a proposal on how Pakistan intends to cover fiscal space of Rs.15 billion Pakistan assures IMF that providing relief for inflated power bills will not result in a budget deficit ISLAMABAD ( Web News ) The InternationalRead More →
ISLAMABAD ( Web News) Caretaker Finance Minister Shamshad Akhtar on Wednesday presented proposals to the International Monetary Fund (IMF) in an effort to ease the burden of high electricity bills. Ministry of Finance sources revealed that there was a virtual exchange between Pakistan and IMF officials, during which Akhtar communicatedRead More →
The Sensitive Price Index (SPI) was up by 3.73 per cent during the week ending Friday (July 28) The latest data comes as Pakistan’s central bank will likely raise its key interest rate again on Monday. The SPI covers 51 items put of which the prices of 20 increased, sevenRead More →
IMF to release tranche in the offing Says Pakistan fulfills IMF’s requirements ISLAMABAD ( Web News ) Minister for Finance and Revenue Miftah Ismail Friday said the International Monetary Fund (IMF) would release the tranche (worth US$1.17bn) to Pakistan after its board meeting on Monday. Addressing a press conference here,Read More →
Regulatory Duties will be enhanced manifold to discourage import of luxury items: Miftah Ismail Says IMF itself has announced to convene board meeting on 29th August for discussion & approval of Pakistan’s program ISLAMABAD ( Web News ) Minister for Finance and Revenue Dr. Miftah Ismail Ahmed has announced liftingRead More →
Pakistan Default Risk Surges as Ousted Khan Plans Protests Stocks have tumbled and rupee is at record low on uncertainity IMF wants government to raise fuel prices before loan talks ISLAMABAD ( Web News ) Pakistan’s new Prime Minister Shehbaz Sharif faces a crucial few weeks when he must endRead More →
Pakistan, IMF reach staff-level agreement on policies & reforms to complete sixth review under six billion dollars Extended Fund Facility WASHINGTON ( Web News ) Pakistan and the International Monetary Fund (IMF) have reached a staff level agreement on policies and reforms to complete the sixth review under six billionRead More →
IMF is expected to disburse $2.8 billion for Pakistan on 23rd of August, which will boost State Bank’s reserves to record high level ISLAMABAD ( JAVED MAHMOOD ) On 23rd of August, 2021, the International Monetary Fund is expected to provide $2.80 billion to Pakistan under its $650 billion newRead More →
The increase would be the biggest ever for SDRs, which are international reserve assets that aid governments in protecting their financial reserves against global currency fluctuations, and also help the IMF calculate loans and interest rates. ISLAMABAD ( JAVED MAHNOOD ) Managing Director International Monetary Fund Kristalina Georgeiva said onRead More →
ISLAMABAD ( PRESS RELEASE ) The Extended Fund Facility arrangement aims to support the authorities’ strategy for stronger and more inclusive growth by reducing domestic and external imbalances, removing impediments to growth, increasing transparency, and strengthening social spending. An ambitious structural reform agenda will supplement economic policies to rekindle economicRead More →
ISLAMABAD ( MEDIA REPORT ) Censuring the exorbitant tax burden on telecom sector, the 60th meeting of Sustainable Development Policy Institute (SDPI) Study Group on Information Technology and Telecommunication on Thursday concluded that Rs40 billion annual withholding tax on telecom consumers has brought the once lucrative sector on the vergeRead More →
ISLAMABAD ( MEDIA ) The International Monetary Fund (IMF) has estimated Rs 101 billion lower than envisaged in revenue subsequent to a shortfall of Rs 63.5 billion (1/4 percent of GDP) in tax revenue and Rs 38.1 billion (about 0.15 percent of GDP) non-tax revenue. This was disclosed by theRead More →