By Staff Reporter
ISLAMABAD: Pakistan’s consumer price inflation eased for a second consecutive month in February to its lowest level since June 2022, as food and energy prices moderated amid a slowing economy, official data showed on Friday.
Micro
Pakistan sees inflation easing, growth picking up as IMF deal nears end
By Staff Reporter
ISLAMABAD: The finance ministry said on Thursday that high interest rates and limited fiscal space were hampering the country’s economic recovery, as it projected inflation to ease slightly in the coming months.
The tobacco tax trap
The government has imposed a 200 percent increase in the Federal Excise Duty (FED) on tobacco products, ostensibly to raise revenue. But this policy has backfired, as it has severely damaged the legitimate tobacco industry while fueling the growth of the illicit trade.
Pakistan secures Chinese rollover on $2 billion loan due next month
By Staff Reporter
ISLAMABAD: China has agreed to roll over a $2 billion loan to Pakistan on existing terms, after initially seeking a higher interest rate, as the South Asian nation struggles to maintain its foreign exchange reserves amid mounting debt payments, local media reported on Thursday.
PTI demands IMF freeze Pakistan loan pending vote audit
By Staff Reporter
ISLAMABAD: The party of former prime minister Imran Khan urged the International Monetary Fund (IMF) to withhold any financial assistance to the country until an independent audit into alleged election fraud is completed.
BofA sees value in Pakistan’s long-dated bonds, cites political stability and IMF progress
By Staff Reporter
KARACHI: The Bank of America Corp (BofA) upgraded its outlook for Pakistan’s dollar bonds, citing reduced political uncertainty and potential credit rating upgrades.
Moody’s sees stable outlook for Pakistan, but urges urgent IMF engagement
By Staff Reporter
KARACHI: Moody’s Investors Service said on Tuesday that it had kept Pakistan’s ratings unchanged at Caa3 with a stable outlook, but warned of material default risks if the country failed to secure timely funding from the International Monetary Fund (IMF) and other partners.
IMF ready to work with new Pakistan govt on economic stability
By Staff Reporter
ISLAMABAD: The International Monetary Fund said on Thursday that it was looking forward to engaging with the new government on policies to ensure “macroeconomic stability and prosperity for all of Pakistan’s citizens,” after the country held a disputed parliamentary election earlier this month.
EX-PM Khan asks IMF to audit election before loan negotiations
By Staff Reporter
ISLAMABAD: Former prime minister Imran Khan urged the International Monetary Fund to demand an independent audit of the country’s disputed Feb. 8 election before resuming talks with the incoming government, his lawyer said.
Pakistan eyes $6 billion fresh IMF loan to avert default after disputed election
News Desk
ISLAMABAD: Pakistan is seeking a new loan of at least $6 billion from the International Monetary Fund to help the incoming government cope with a looming debt crisis, Bloomberg reported on Thursday.