Tag: reforms
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Government to introduce 5-year economic plan under supervision of British economist Stefan Dercon
A five-year economic plan for the development of Pakistan’s struggling economy has been prepared under the supervision of Belgian-British economist Stefan Dercon. Prime Minister Shehbaz Sharif is likely to launch it on August 14. Geo News reported that the proposed economic plan has been named the Stefan Dercon plan. It contains target of 6 percent…
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IMF says focus on economic reforms rather than size of loan
The Director of International Monetary Fund (IMF) Middle East and Central Asia has said that Pakistan must focus more on the implementation of structural reforms instead of a loan. “I think what is important at this stage is to accelerate the reforms, double down on the structure of reforms in order to provide Pakistan with…
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Halaat kb behtar honge? Finance Minister gives timeline for structural reforms
Finance Minister Muhammad Aurangzeb spoke at the US think tank Atlantic Council in Washington DC, stating that Pakistan needs two or three years to implement structural reforms prescribed by International Monetary Fund (IMF). The minister remarked that Pakistan does not need any more policy prescription from the IMF because it knows what it needs to…
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PM Shehbaz foresees three-year IMF programme continuation
Prime Minister (PM) Shehbaz Sharif has indicated that the new International Monetary Fund (IMF) programme is expected to extend for three years.
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Moody’s cautions on Pakistan’s fiscal challenges despite recent stability
Moody’s Investors Service, a global credit rating agency, stated on Tuesday that Pakistan’s credit rating could see an upgrade if the government successfully reduces liquidity and external vulnerability risks.
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IMF praises Pakistan’s economic progress and stability efforts
The Executive Director at the International Monetary Fund (IMF), Bahador Bijani, acknowledged a positive trend in the economic landscape of Pakistan, highlighting the effective measures taken by the authorities.
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World Bank proposes tax reforms with 3% GDP growth projection for Pakistan
The World Bank has advised Pakistan to implement taxes on the agricultural and real estate sectors and merge the income thresholds for salaried and non-salaried individuals to create a progressive Personal Income Tax (PIT) system.
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KP govt limits Health Card benefits, shifts focus to fiscal sustainability
The Khyber Pakhtunkhwa (KP) caretaker government, under the leadership of caretaker Chief Minister Muhammad Azam Khan, recently convened a significant cabinet meeting. During this gathering, attended by cabinet members, the chief secretary, additional chief secretary, and administrative secretaries, the pivotal topic of discussion was the Health Card scheme.
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Slow economic growth and inflation challenges persist in Pakistan: ADB Outlook Report
During the last fiscal year, Pakistan faced the twin challenges of low economic growth and high inflation, in contrast to other South Asian countries.
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IMF, Pakistan reach staff-level agreement on policies and reforms
The International Monetary Fund (IMF) and Pakistan reached a staff-level agreement on policies and reforms needed to complete the sixth review under the $6 billion Extended Fund Facility (EFF), which has been ‘in recess’ since April, the Fund announced in a statement on Monday. The agreement is subject to approval by the Executive Board, following the implementation…