IMF
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Business
PM Shehbaz Sharif Vows to Implement IMF Conditions
Prime Minister Shehbaz Sharif announced that his government is committed to implementing the International Monetary Fund’s (IMF) conditions to complete…
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Business
Moody’s Upgrades Pakistan’s Debt Ratings Amid Improving Economic Conditions
Moody’s Ratings has upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa2 from Caa3. The…
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Business
Pakistan Absent from IMF Agenda, Govt Still Optimistic
The International Monetary Fund (IMF) has released its Executive Board meeting schedule up to September 4, 2024, with Pakistan, despite…
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Business
Pakistan’s Inflation Rate Continues to Soar Above 20%
In March, Pakistan experienced a staggering increase in monthly inflation that exceeded expectations, reaching a near-record high of 35.4% compared…
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Business
Prices Of Petrol Increase Before Ramadan
ISLAMABAD: The government of Pakistan has increased the price of petrol just days before Ramadan, raising it to Rs272 per…
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Business
World Bank Economist Suggests Ways to Fix Pakistan’s Economy
Islamabad: The World Bank has urged Pakistan to end the annual subsidies of Rs340 billion that benefit the wealthy, as…
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Breaking
IMF deal uncertainty causes rupee to decline
IMF’s new demands weigh on Pakistani rupee. The Pakistani rupee faced a significant drop during Wednesday’s trade as the market…
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Breaking
Pakistan’s Weekly Inflation Jumps to 41.54% in Five Months
Pakistan’s weekly inflation, measured by the Sensitive Price Indicator (SPI), has jumped to 41.54% on a year-on-year basis for the…
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Business
Rupee’s Winning Streak of Five Days Comes To An End
The Pakistani rupee had been going up for five days in a row, but on Tuesday, it lost 0.24% on…
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Breaking
China Approves $700M Facility for Pakistan to Boost Forex Reserves
Pakistan received a significant boost to its foreign exchange reserves after the China Development Bank approved a $700 million loan…
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Breaking
Pakistan in Talks with IMF to Boost Reserves and Tighten Monetary Policy
State Bank of Pakistan (SBP) and the International Monetary Fund (IMF) held a round of talks to discuss the possibility…
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Breaking
IMF demands hike in GST, cigarette duty hiked by 1%
Government of Pakistan Introduces New Tax Measures to Appease IMF. In an effort to revive its bailout program, the Shehbaz…
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Breaking
President Alvi rejects approval of ‘mini-budget ordinance’ for IMF deal
On Tuesday, President Dr Arif Alvi rejected a request by the federal government to approve an ordinance that would impose…
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Business
IMF virtual talks prelude: subsidies end, power tariffs hike approves by Cabinet
The Federal Cabinet has approved a new policy that aims to increase power tariffs and eliminate subsidies. This decision comes…
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Business
Govt to Impose Rs 170 Billion In Taxes to Revive Loan Program
Pakistan’s Finance Minister, Ishaq Dar, announced that the country’s recent talks with the International Monetary Fund (IMF) have ended “positively”…
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Business
SBP-held Foreign Exchange Reserves Fall Another Critical Level
An extremely critical level of $5.82 billion was reached by the State Bank of Pakistan’s (SBP) foreign exchange reserves on…
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Business
Rupee depreciates by Rs 1.3 against US dollar
KARACHI: Pakistan rupee, on Wednesday, continued to lose ground against the US dollar in the interbank market, falling by Rs1.3…
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Business
Pakistan to receive loan from IMF to retire debts in FY22
Islamabad: In the coming fiscal year, the government intends to borrow roughly $16 billion in gross foreign loans to cover…
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Business
Asim Ahmed appointed as new FBR chairman
ISLAMABAD: Asim Ahmed, on Friday, has been appointed as Federal Board of Revenue (FBR) new chairman as a notification from…
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Uncategorized
Petrol Crisis 2020, Bilawal Demands PM to step down
KARACHI: On the fuel crisis 2020, Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari has demanded the resignation of the…
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Business
Pakistani Rupee maintains uptrend against US dollar
KARACHI: The Pakistani currency has continued its upward trajectory towards the US dollar, reaching a new all-time high of Rs154.58…
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Business
Pakistan receives another loan of $1.3b from World Bank
ISLAMABAD: Pakistan has received another loan from the world bank on Friday loan of worth $1.3 billion including $600 million…
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Business
Govt to maintain the control of SOEs
ISLAMABAD: Even if a new Act of Parliament is approved, the federal government will have a powerful presence in state-owned…
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