By Staff Reporter
ISLAMABAD: The caretaker cabinet on Monday approved amendments to the existing rules for government securities, aiming to enhance the efficiency and flexibility of the market and attract more investors.
Macro
Pakistan stands pat on rate, eyes IMF support and lower inflation
SBP keeps rates at 22 percent, sees inflation falling in October and beyond. MPC says tight policy stance to continue, ahead of IMF visit this week.
Pakistan’s economy shows early signs of recovery after IMF bailout, SBP says
By Staff Reporter
KARACHI: Pakistan’s economy, which contracted last year amid a balance of payment crisis, has started to show early signs of improvement as an International Monetary Fund (IMF) loan program offered some relief, the central bank said on Monday.
Pakistan’s budget gap seen wider than target – IMF
By Staff Reporter
ISLAMABAD: Pakistan’s fiscal deficit is expected to exceed the government’s target by more than one percentage point of gross domestic product in the current financial year, the International Monetary Fund (IMF) said on Wednesday.
Pakistan’s economy to grow faster than expected, IMF says
By Staff Reporter
ISLAMABAD Pakistan’s economy is on track to grow faster than previously forecasted by the International Monetary Fund, despite facing macroeconomic and security challenges.
Tax wealth from land and property, World Bank tells Pakistan
By Staff Reporter
ISLAMABAD: Pakistan should increase taxation of high-income earners, especially those who derive income from agriculture and property, and withdraw regressive tax exemptions, the World Bank said.
Inflation surges to four-month high after fuel price hike
By Staff Reporter
ISLAMABAD: Inflation in September rose for the first time in four months after the government raised fuel prices to meet International Monetary Fund’s (IMF) conditions for an ongoing $3 billion bailout program.
Caretaker Minister for Finance Dr Shamshad Akhtar and the Caretaker PM’s Advisor on Finance Dr Waqar Masood Khan
Titans’ clash threatens rupee gains, IMF review
Two heads are better than one, goes the old saw. But two in this case seem to be too many – as in too many cooks spoil the broth. At stake is the economic wellbeing of the country, but does anyone care? By Muhammad Ali.
Pakistan’s growth lags behind region as inflation soars, ADB says
ADB lowers Pakistan’s growth forecast to 1.9pc from 2pc, citing erratic rainfall and global price shocks. Inflation projected to rise to 25pc, the highest in Asia. The country’s economic recovery hinges on the IMF-supported adjustment program.
No rate hike as SBP sees inflation peaking in September
By Staff Reporter
KARACHI: The State Bank of Pakistan kept its benchmark interest rate unchanged at 22 percent on Thursday, defying market expectations of a hike to curb inflation and support the rupee, which has plunged to record lows in recent months.