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Tag: International Monetary Fund (IMF)

THE IMF said its staff and Pakistan reached a staff-level deal upon whose approval the country will have disbursements of about $2 billion.
Business
  • Reuters
  • Mar 26, 2025
IMF reaches staff-level deal with Pakistan to unlock $1.3 billion

Pending board approval, Pakistan can unlock the $1.3 billion under a new climate resilience loan program spanning 28 months.

The government announced a decrease in price of petrol, aiming to ease the financial strain on inflation-weary citizens.
Pakistan
  • Web Desk
  • Feb 16, 2025
Petrol price reduced by Rs1, diesel Rs4

The price of petrol was lowered by Rs1, setting the new rate at Rs256.13 per litre.

Pakistan external financing needs will remain significant in the coming year, despite progress in rebuilding its foreign exchange reserves.
Pakistan
  • Reuters
  • Feb 09, 2025
Pakistan faces big external financing risks despite economic progress

The country needs to repay over $22 billion in external debt in 2025, including nearly $13 billion in bilateral deposits.

IMF-Pakistan
Pakistan
  • Web Desk
  • Nov 17, 2024
Finance minister suggests no new taxes after talks with IMF team

Finance Minister Muhammad Aurangzeb suggests that no new taxes will be imposed

election
World
  • Reuters
  • Nov 15, 2024
Sri Lankan president’s coalition wins majority in snap election

Sri Lankan President Anura Kumara Dissanayake’s leftist coalition won a thumping victory in a snap general election, gaining power to push through his plans to fight poverty in the island nation recovering from a financial meltdown.

Finance Minister, Muhammad Aurangzeb, admitted that several issues still remained regarding Pakistan’s adherence to agreements with the International Monetary Fund (IMF).
Business
  • Web Desk
  • Nov 09, 2024
Finance Minister admits failure to meet IMF agreement terms

As the 2024 United States (US) presidential election nears, the foreign policy strategies of candidates Donald Trump and Kamala Harris are set to significantly influence relations with Pakista
World
  • Web Desk
  • Nov 05, 2024
US election: Trump vs Harris foreign policy and Pakistan future

The US has recently tilted towards India as the latter’s economy grows and to act as a counter against China’s growing global influence.

The Finance Minister met with several high profile foreign officials and financial institutions to attract economic and investment opportunities in the country.
Business
  • Web Desk
  • Oct 24, 2024
Fin Minister engages with several foreign officials for economic opportunities

The meeting was part of Aurangzeb’s visit to the annual meeting of the World Bank and IMF.

The country saw a huge increase in the number of tax return filers, as the FBR reportedly gained access to citizens’ data from the NADRA.
Business
  • Web Desk
  • Oct 23, 2024
Tax filers double after NADRA data access by the FBR

According to reports, the FBR is utilising data on property ownership, bank balances, and foreign travel expenditures to broaden its tax net.

The International Monetary Fund (IMF) predicted a decline in inflation and employment rates for Pakistan in a report published its World Economic Outlook Report for 2024.
Business
  • Web Desk
  • Oct 23, 2024
IMF predicts decline in inflation, employment for Pakistan

The prediction is based on onging economic reforms and stabilisation efforts, aimed at mitigating the impact of high inflation and fiscal imbalances.

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