Tag: IMF
-
Pakistan’s IMF loan programme at risk as IMF requirements remain unfulfilled
Pakistan’s seven billion dollar loan programme has fallen into jeopardy as the country fails to fulfil the requirements of the International Monetary Fund (IMF), journalist Shahbaz Rana revealed on October 31. Rana said that IMF had directed the Pakistan government to collect around PKR 13,000 billion in taxes for the ongoing fiscal year. Federal Board…
-
Did Tribune delete a story about German Ambassador’s letter to COAS Asim Munir?
In a surprising development, The Express Tribune’s website has deleted an article by journalist Shahbaz Rana about the German Ambassador’s letter to Chief of Army Staff (COAS) Gen Asim Munir urging his intervention over the termination of an IPP deal. Although the article is still available in print and e-newspaper, it cannot be found anywhere…
-
IMF director says Pakistan’s 24th loan programme could be last if conditions met
Director of the International Monetary Fund’s (IMF) mission for Pakistan, Nathan Porter, has claimed that if the country faithfully follows the IMF’s economic advice, the current programme would be the last for Pakistan. Appearing in an interview with Voice of America, the IMF director said that after the economic crisis of 2023, Pakistan’s economy has…
-
IMF urges Punjab to end electricity subsidy, imposes more conditions
The International Monetary Fund (IMF) has put forward at least three strict conditions in Pakistan after the Punjab province gave Rs45 to Rs90 billion in electricity subsidies for two months. Last month, President of Pakistan Muslim League-Nawaz Muhammad Nawaz Sharif announced that Punjab government would provide relief of fourteen rupees per unit to consumers using…
-
Uncertainty surrounds Pakistan’s $7 billion IMF bailout as approval date still not confirmed
Pakistan’s much-anticipated $7 billion bailout package has not yet been scheduled for review by the IMF executive board.
-
‘Our govt said goodbye to IMF, who approached it later?’ — Nawaz Sharif
Former Prime Minister Mian Nawaz Sharif claimed during a press conference in Lahore that some judges removed him from office because he refused to accept a salary of 10,000 dirhams from his son, Hassan Nawaz. He pointed out that a household’s electricity bill was only 1,600 rupees under his administration, which has now increased to…
-
IMF wants FBR to bring over 20 million Pakistanis into tax net in five years
To broaden the tax base, the Federal Board of Revenue (FBR) has outlined its five-year objectives to the International Monetary Fund (IMF), sources reveal.
-
IMF’s fiscal strategy for Pakistan criticised for overlooking debt restructuring
The International Monetary Fund (IMF)’s current fiscal strategy for Pakistan, which focuses on strict fiscal consolidation—entailing reduced spending and increased revenue—has come under significant scrutiny. Critics, including Murtaza Syed, a former deputy governor of the State Bank of Pakistan and ex-IMF official, question the approach due to its lack of emphasis on debt restructuring. In…
-
SBP to introduce digital currency in Pakistan with technical support from IMF, World Bank
In a media briefing held today in Karachi, Deputy Governor of the State Bank of Pakistan (SBP), Salimullah, announced that the central bank is currently evaluating the introduction of a digital currency. This project is being pursued with technical support from the World Bank, in collaboration with the International Monetary Fund (IMF). Salimullah highlighted that…
-
IMF predicts modest 3.5% growth for Pakistan amid global economic uncertainty
The International Monetary Fund (IMF) has forecasted a 3.5 per cent growth rate for Pakistan’s economy in the fiscal year 2024-25 (FY25), slightly below the government’s target of 3.6 per cent.