Tag: IMF
-
IMF urges gas sector reforms to curb circular debt
The International Monetary Fund (IMF) emphasized the significance of prompt gas tariff determinations and notifications, crucial in curbing the escalating gas circular debt, while safeguarding vulnerable households.
-
Bilawal Bhutto not in favour of privatising PIA
Pakistan Peoples Party (PPP) chairman Bilawal Bhutto Zardari has expressed his opposition to the Shehbaz Sharif-led government’s privatisation policy for Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM). The PPP chairman said at a Labour Day event in Karachi that his party will try to convince Finance Minister Muhammad Aurangzeb to revive PIA through…
-
Pakistan receives final installment of IMF’s $3 billion SBA
Pakistan has received the final tranche of $1.1 billion from the International Monetary Fund (IMF) as part of its $3 billion Stand-By Arrangement (SBA), the State Bank of Pakistan (SBP) announced on Tuesday.
-
Pakistan’s inflation eases with further decline expected in coming months
Pakistan’s headline inflation is expected to range between 18.5 per cent and 19.5 per cent in April 2024, with further deceleration projected in the coming months.
-
SBP likely to hold interest rate at record 22% amid IMF negotiations
The State Bank of Pakistan (SBP) is expected to maintain its record 22 per cent interest rate at its upcoming policy meeting on Monday.
-
Study reveals foreign aid to Pakistan fails to drive economic growth
A report by the Pakistan Institute of Development Economics (PIDE) reveals that foreign aid to Pakistan, despite commitments exceeding $200 billion, has failed to deliver sustainable economic growth.
-
Critical IMF meeting scheduled for April 29 to approve $1.1 billion for Pakistan
The Executive Board of the International Monetary Fund (IMF) is scheduled to meet on April 29 to deliberate on the approval of a $1.1 billion funding tranche for Pakistan.
-
Pakistan’s forex reserves expected to reach $9-10 billion by year-end
The Federal Minister for Finance and Revenue, Muhammad Aurangzeb, said on Tuesday that Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) are expected to close the fiscal year at around $9-10 billion mark.
-
IMF raises questions over PM Shehbaz giving huge bonuses to staff
The International Monetary Fund (IMF) has reportedly raised questions on Pakistan’s Prime Minister’s decision to grant huge financial awards to the officers of his office, as reported by Express Tribune. The supplementary grants amounted to Rs. 24 billion, which the PM approved, amidst a severe economic crisis. The global lending body IMF took up the…
-
Finance Minister Aurangzeb meets Donald Lu in Washington DC
Finance Minister Muhammad Aurangzeb held a high-level meeting with the United States State Department Assistant Secretary Donald Lu at World Bank headquarters in Washington to discuss financial reforms that Pakistan is planning to implement. The meeting was held in the background of the Finance Minister’s visit to Washington in order to finalize talks about the…