Tag: IMF
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IMF deal to improve Pakistan’s financial outlook, but continuous reforms are essential: Moody’s
Moody’s Investors Service has stated that Pakistan’s recent staff-level agreement with the International Monetary Fund (IMF) enhances the nation’s funding prospects.
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IMF and Pakistan reach agreement on $7 billion extended fund arrangement
In a significant development, Pakistani authorities and the International Monetary Fund (IMF) team have reached a staff-level agreement.
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Milk prices in Karachi higher than cities in France, Netherlands, Australia
Milk has become more expensive in Pakistan as compared to many countries of the world, Bloomberg has reported. According to the report, the price of boxed milk in Pakistan is 370 rupees per liter, while the same milk is available in Paris, the capital of France, for 342 rupees per liter. The price of milk…
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Fixed electricity rates increased for industrial, commercial, agricultural consumers
The government has further increased the price of electricity by five rupees 72 paise per unit, starting July 1. Fixed charges will apply to electricity consumers. For non-protected consumers, the new rates are as follows: Up to 100 units, the rate is Rs. 23.73; for 201 to 300 units, the rate is Rs. 32.98 per…
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Oil prices likely to increase by Rs 20 per litre in budget
Despite a global decrease in petroleum product prices, Pakistanis should not expect any relief. For the federal budget of 2024-25, government is considering an increase in levy sales tax on petroleum products and the petroleum levy in the upcoming financial year. Media reports suggest the possibility of increasing the petroleum levy by up to 20…
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Pakistan’s forex reserves decline by $63.3 million to $9.09 billion
The State Bank of Pakistan (SBP) has reported a marginal decline in the nation’s foreign exchange reserves, indicating a decrease of $63.3 million or 0.69 per cent week on week (WoW) to $9.09 billion, according to data released on Thursday.
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IMF says bijli aur gas mazeed mehngi karu
The International Monetary Fund (IMF) has told the Pakistani authorities of its plan to release the next bailout package under specific conditions which Pakistan would have to fulfil like increasing revenue and curtailing government expenditure. “The government will have to hike electricity and gas tariffs in coming July and August 2024 to strike a deal…
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IMF team engages in talks with Pakistan for new $8 billion programme
The International Monetary Fund (IMF) confirmed that it is in discussions with Pakistan regarding a 24th bailout programme under the Extended Fund Facility (EFF), signalling a significant development in the country’s ongoing economic negotiations.
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Pakistan’s total debt skyrockets to Rs 81 trillion
Bad news for Pakistanis as the country’s total debt and liabilities increased to a record of nearly Rs 81 trillion in the past year. Pakistan is currently going through a severe and difficult economic crisis as it tries to increase revenue generation and reduce all its debts, however, no silver lining yet. The collective debt…
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PM Shehbaz to meet IMF mission for new loan deal
Prime Minister Shehbaz Sharif is expected to meet the International Monetary Fund (IMF) mission next week to talk about a new loan programme, ARY News reported on Monday. Sources in ARY claimed that the prime minister is expected to talk about getting more money from lenders, and reassure the Fund about meeting targets in the…