Tag: political tensions
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Economic challenges await next govt as Pakistan votes
Pakistan is set to hold its national elections on Thursday, a crucial event for the country grappling with multiple crises.
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IMF forecasts improved inflation, slower economic growth for Pakistan in FY24
The International Monetary Fund (IMF) has adjusted its economic projections for Pakistan, providing a comprehensive review in its latest report. The key highlights include a downward revision of inflation forecasts and a moderated economic growth projection for the fiscal year 2024 (FY24).
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Pakistan rupee recovers by one paisa against US dollar
According to the State Bank of Pakistan (SBP), the Pakistani rupee (PKR) strengthened by Rs0.01 against the US dollar in the interbank market on Tuesday.
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Pakistan commits to IMF bailout deal without fuel subsidy scheme
Pakistan has informed the International Monetary Fund (IMF) that it will not be implementing a fuel subsidy programme during ongoing negotiations for a $1.1 billion bailout for the country. The IMF has stated that it will continue to engage with the government on the loan, despite increasing political tensions. Prime Minister had previously proposed a…
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Pakistan could default after June as country fails to meet some IMF conditions
Pakistan is in the midst of a balance of payment crisis, and the stakes are high. Without the financial aid of the International Monetary Fund (IMF), the country faces the prospect of defaulting on its external payment obligations.