By Staff Reporter
ISLAMABAD: Finance Minister, Ishaq Dar said on Sunday the country will share its upcoming budget details with the International Monetary Fund (IMF) to unlock funds that have been stalled since November last year.
top-economy
Pakistan’s per capita income falls 11.38 percent in 2022-23
By Staff Reporter
ISLAMABAD: Pakistan’s per capita income in dollar terms fell 11.38 percent to $1,568 in the outgoing fiscal year 2022-23, from $1,766 in the previous year, the National Accounts Committee (NAC) said.
Growth nosedives to lowest levels in history as economic, political woes deepen
By Staff Reporter
ISLAMABAD: Pakistan’s economic growth slowed sharply to one of the lowest levels in its history, as its woes intensify amid record inflation and interest rates, along with an intense political crisis in the country.
Current account posts surplus for second consecutive month
By Staff Reporter
KARACHI: Pakistan’s current account has achieved a surplus for the second consecutive month, resulting in a substantial reduction of the 10-month deficit by 76 percent year-on-year, the central bank data showed on Tuesday.
“Pakistan will not default, IMF or no IMF”
By Staff Reporter
ISLAMABAD: Finance Minister Ishaq Dar on Thursday said Pakistan would meet its debt obligations until December of this year and avoid defaulting, regardless of whether the International Monetary Fund (IMF) bailout program is revived.
IMF says engagement with Pakistan on current loan deal continues
By Staff Reporter
KARACHI: The International Monetary Fund (IMF) continues its active involvement with Pakistan in the pursuit of securing funding and policy assurances, aiming to achieve a consensus on the ninth review of the $6.7 billion loan that was initially agreed upon in 2019, said a spokesperson of the Washington-based lender.
Pakistan vows to address IMF’s concerns over fuel pricing scheme for underprivileged
By Staff Reporter
ISLAMABAD: Pakistan’s Minister of State for Petroleum, Musadik Malik, on Tuesday affirmed the government’s commitment to address concerns raised by the International Monetary Fund (IMF) over the proposed fuel pricing scheme aimed at helping the underprivileged.
Provincial surplus fails to offset Pakistan’s mounting fiscal deficit
By Staff Reporter
ISLAMABAD: Pakistan’s fiscal deficit continues to pose economic challenges, reaching 3.7 percent of GDP or Rs3.078 trillion in the first nine months of the current fiscal year (July-March 2023), despite a provincial surplus of Rs456 billion.
IMF to review Pakistan’s bailout once external financing secured
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) is collaborating with Pakistani authorities to complete the ninth review of a stalled bailout program, the Fund’s mission said on Friday.
Pakistan’s budget plans under IMF scrutiny for crucial bailout injection
News Desk
ISLAMABAD: The International Monetary Fund (IMF) is set to review Pakistan’s budget plans for the upcoming financial year, a process that could pave the way for a crucial injection of financing for the cash-strapped country, Reuters newswire reported on Thursday.