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The International Monetary Fund (IMF) has approved a Re1 per unit reduction in electricity tariffs, providing relief to consumers struggling with rising inflation. The relief will be funded through a gas levy on captive power plants, ensuring financial stability while easing the burden on households. Tariff Relief Plan This electricity tariff reduction applies to all …
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Islamabad: The International Monetary Fund (IMF) has approved a reduction of Rs 1 per unit in electricity tariffs, offering relief to consumers across Pakistan. IMF officials confirmed that the tariff reduction will apply to all electricity users. The relief will be financed through revenue collected from the levy imposed on captive power plants using gas. …
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Commitment to Strcutural Reforms Pakistani authorities have reaffirmed their dedication to structural reforms. The government plans to continue fiscal adjustments to lower public debt while ensuring transparency. Strengthening tax systems and improving public financial managemeny remain key priorities. The IMF has also highlighted the need for strict monetary policies to manage inflation, which has now …
Continue reading “Pakistan Secures $1.3 Billion IMF Deal for Economic and Climate Stability”
The Pakistan Stock Exchange (PSX) witnessed a strong rally on Wednesday. Investors reacted positively to Pakistan’s staff-level agreement with the International Monetary Fund (IMF). The benchmark KSE-100 Index soared by 1,139.15 points, closing at 117,772.31, marking a 0.98% gain. The index hit an intra-day high of 118,220.88 points. Buying pressure remained strong across multiple sectors. …
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The Pakistan Stock Exchange (PSX) suffered a sharp decline as concerns over the cement sector, low trading volumes, and IMF tax policies rattled investor confidence. The KSE-100 Index dropped 2,002.55 points (-1.69%), closing at 116,439.62, marking a significant downturn at the start of the trading week. Market Opens Weak Amid Cement Sector Concerns The day …
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The International Monetary Fund (IMF) has approved a 2% reduction in property purchase tax, providing relief to buyers in Pakistan’s real estate market. This decision, effective from April 2025, aims to ease financial burdens on investors and stimulate transactions in the sector. However, the withholding tax (WHT) on property sellers remains unchanged. Key Agreement Between …
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Pakistan is in the final stages of IMF negotiations, with no major obstacles in sight, according to Finance Minister Muhammad Aurangzeb. He assured that the country is on track to meet the IMF’s financial targets, paving the way for the next tranche of funding. However, he also warned that climate change poses a serious threat …
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KARACHI: The Pakistan Stock Exchange (PSX) soared to a new all-time high on Thursday. Investors reacted positively to reports of the International Monetary Fund’s (IMF) readiness to approve the government’s circular debt management plan. The bullish momentum gained strength as discussions on privatizing state-owned enterprises (SOEs) continued. Hopes of a cut in industrial power tariffs …
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The Pakistan Stock Exchange (PSX) started the week on a strong note. Investor confidence soared due to progress in negotiations between Pakistan and the International Monetary Fund (IMF). Optimism over the resolution of circular debt in the energy sector also fueled market gains. The KSE-100 Index climbed 663.43 points, or 0.57%, closing at 116,199.59. This …
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Islamabad: Pakistan and the International Monetary Fund (IMF) have made significant progress toward a Staff-Level Agreement (SLA) on the first review of the $7 billion loan program. IMF Mission Chief Nathan Porter confirmed the development. He stated that discussions between the lender and Pakistani authorities moved forward on economic reforms under the Extended Fund Facility …
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Pakistan has begun policy-level discussions with the IMF to secure the next $1 billion tranche from its $7 billion loan program. These talks, running until March 14, will assess Pakistan’s economic progress and its ability to meet IMF conditions. The key focus areas include new taxation policies, energy sector reforms, and debt reduction strategies. New …
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The International Monetary Fund (IMF) has urged Pakistan to take immediate action to reduce its circular debt, a major financial challenge for the country. During ongoing discussions, both sides held a special session focused on debt management. Pakistan informed the IMF that it is implementing a strategy to reduce circular debt by Rs. 1,250 billion, …
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Pakistan is well positioned for the first review of its $7 billion IMF bailout, according to Finance Minister Muhammad Aurangzeb. As talks between the International Monetary Fund (IMF) and Pakistan begin, the government remains optimistic about meeting the programme’s conditions. The review will determine Pakistan’s progress and set the stage for future financial decisions. IMF …
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The International Monetary Fund (IMF) has urged Pakistan to take strict action against tax evasion in the real estate sector as part of ongoing negotiations for a $1 billion loan tranche. However this demand is linked to the country’s broader efforts to meet the conditions of its $7 billion loan program. Pakistan has assured the …
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Pakistan is set to host an IMF delegation in March for a crucial review of its $7 billion loan program. The visit will also focus on climate financing, an area where Pakistan seeks additional financial support to combat environmental challenges. Loan Review and Climate Financing Talks The International Monetary Fund (IMF) will send a mission …
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Karachi: Federal Finance Minister Muhammad Aurangzeb said the International Monetary Fund (IMF) has praised Pakistan’s economic reforms and growth efforts. He highlighted macroeconomic stability as a key achievement of government policies. Aurangzeb shared insights from his meeting with IMF Managing Director Kristalina Georgieva. He said the IMF acknowledged Pakistan’s efforts in implementing reforms under its program. …
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The International Monetary Fund (IMF) will send a three-member team to Pakistan to conduct a Governance and Corruption Diagnostic Assessment. This evaluation, part of Pakistan’s 2024 Extended Fund Facility (EFF) program, aims to identify corruption risks and strengthen governance. The findings will help shape structural reforms, supporting economic stability and transparency. Focus Areas of the …
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Islamabad: Finance Minister Senator Muhammad Aurangzeb has stated that two provinces have already implemented the agricultural tax, while discussions are ongoing with the remaining two. He added that negotiations with the International Monetary Fund (IMF) on this matter are also in progress. Talking to the media at the Parliament House, the finance minister said that …
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ISLAMABAD: The International Monetary Fund (IMF) has advised Pakistan to present a mini-budget following a revenue shortfall of Rs385 billion recorded between July and December 2024, according to sources. Prime Minister rejected the IMF’s recommendation, instructing the Federal Board of Revenue (FBR) to address the deficit through alternative measures. The FBR has already shared a …
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Pakistan has finalized a $1 billion loan agreement with two Middle Eastern banks to stabilize its financial position and support ongoing reforms. The finance minister, Muhammad Aurangzeb, announced the deal on Tuesday during the World Economic Forum in Davos, emphasizing the critical role of foreign financing in addressing the country’s economic challenges. Key Details of …
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The International Monetary Fund (IMF) has downgraded Pakistan’s GDP growth projection for 2025 to 3%. The previous forecast, made three months ago, projected a growth rate of 3.2%. The revision was part of the IMF’s “World Economic Outlook Update.” The report focused on global growth trends and uncertainties. The IMF did not specify reasons for …
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The federal government has yet to make a final decision regarding the proposed increase in gas tariffs for Captive Power Plants (CPPs). The delay comes despite pressure from various quarters, including the International Monetary Fund (IMF). Petroleum Division Suggests Gas Supply Disconnection The Petroleum Division had initially recommended disconnecting gas supplies to CPPs as an …
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Federal Minister for Energy, Awais Leghari, announced significant progress in reducing electricity rates, with ongoing discussions with the International Monetary Fund (IMF) potentially lowering tariffs by Rs10 to 12 per unit. Speaking at the Parliament House, he revealed that renegotiations with Independent Power Producers (IPPs) have already saved the country Rs1,100 billion, directly benefiting consumers. …
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