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.
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Dar set to share budget details with IMF to unlock stalled funds
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.
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.
IMF says no change in Pakistan’s external financing needs for bailout deal
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.
Growth rate predicted to flatline at 0-0.5pc, agriculture faces downturn
By Staff Reporter
ISLAMABAD: Pakistan’s growth rate is anticipated to remain stagnant between 0 and 0.5 percent for the outgoing financial year of 2022-23, with concerns mounting over a potential downturn in the crucial agriculture sector.
“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 secures plan to repay or refinance $3.7bn debt for current fiscal year
By Staff Reporter
ISLAMABAD: The Finance Ministry said on Tuesday it has made arrangements to repay or roll over the country’s $3.7 billion debt for this fiscal year.