Tag: pakistan imf
Imf: Pakistan has to give assurance on financing balance of payments gap: IMF
KARACHI: Pakistan will be required to give an assurance that its balance of payments deficit is fully financed for the fiscal year ending in June…
Pakistan passes bill raising tax to meet IMF demands for $1.1 billion loan facility
ISLAMABAD: Pakistan‘s National Assembly on Tuesday unanimously passed a money bill aimed at raising tax revenues to fulfil the demands set by the IMF for…
Take steps to function as a country: IMF tells cash-starved Pakistan
ISLAMABAD: Cash-strapped Pakistan must take steps to ensure that its high earners pay taxes and only the poor get the subsidies if it wants to…
Pakistan round-up: ‘Already defaulted,’ says defence minister amid economic concerns
NEW DELHI: More worries on the economic front, an audacious attack on the Karachi police chief’s office, and other news that made headlines last week…
Pakistan Petrol Price: Pakistan hikes petrol price by 22.20 rupees a litre
NEW DELHI: Pakistan government hiked petrol price in the country by another whopping 22 rupees a litre on Thursday. The finance ministry in a statement…
Inflation in Pakistan could average 33% in H1 2023, says Moody’s economist
MUMBAI/ISLAMABAD: Inflation in Pakistan could average 33% in the first half of 2023 before trending lower, and a bailout from the International Monetary Fund alone…
Pakistan round-up: Supplementary budget through ordinance likely amid economic crisis
NEW DELHI: Economic crisis, the government’s efforts to mitigate the same and a visit by an IMF team for discussions about a bailout package dominated…
Pakistan economic crisis: No bailout deal with IMF yet, Islamabad inches closer to bankruptcy
NEW DELHI: Last-ditch negotiations between Pakistan and the International Monetary Fund (IMF) failed to unlock $1.1 billion in crucial funds that would have gone a…
Pakistan round-up: Wikipedia blocked for ‘blasphemous’ content
NEW DELHI: Talks with IMF for a bailout package to aid Pakistan’s struggling economy hits more hurdles, Wikipedia banned for “blasphemous” content, and other news…
Why IMF is doubling down on bailout package for Pakistan
NEW DELHI: Pakistan Prime Minister Shehbaz Sharif said on Friday that his government has to accept “beyond imagination” conditions to unlock an IMF bailout package.“I…