By Staff Reporter
ISLAMABAD: Inflation is poised to maintain its upward trajectory, defying efforts of monetary tightening, primarily driven by the depreciation of the rupee and a range of challenges arising from the unpredictable external and domestic economic landscape, the finance ministry said on Tuesday.
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) is working closely with Pakistan to address its currency market situation and resolve other critical issues ahead of the resumption of its $6.7 billion bailout program, which is set to conclude in June.
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) said it continues to engage with Pakistan to pave the way for a board meeting before its $6.7 billion stalled bailout expires at the end of June.
While curbs on imports helped Dar declare victory by reporting current account surplus for the month of March, they threaten to bring the economy to a complete halt if continued into the next fiscal. By Muhammad Ali.
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.
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.
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.
The government would love to sweeten the ballot box by cutting back economic hardship – financed by more revenue exacted from the retail and realty sectors through both better enforcement and rate hikes. By Naveed Naqvi.
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.
By Staff Reporter
ISLAMABAD: Pakistan’s external financing requirements remain unaltered following discussions with the International Monetary Fund (IMF) regarding bailout funds, the IMF Resident Representative said on Sunday, dismissing local media speculations suggesting that the Fund was pursuing additional financial assistance.
