By Monitoring Desk
KARACHI: The International Monetary Fund (IMF) and Pakistan are currently in talks regarding a potential follow-up program to the existing nine-month, $3 billion stand-by arrangement, IMF Managing Director Kristalina Georgieva said on Thursday.
By Staff Reporter
ISLAMABAD: The Asian Development Bank (ADB) on Thursday issued a cautionary forecast for Pakistan’s economic future, highlighting “high risks” and political instability as major impediments to the country’s reform initiatives.
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif conceded on Thursday that the conditions of a new long-term loan from the International Monetary Fund (IMF) would be challenging but stressed the necessity of a fresh bailout to maintain macroeconomic stability.
By Staff Reporter
ISLAMABAD: The World Bank has projected a modest 1.8 percent growth for Pakistan’s economy in fiscal year 2024, attributing the sluggish pace to enduring trade deficits and constrained external financing.
Monitoring Desk
KARACHI: As part of reforms urged by the International Monetary Fund (IMF), the Privatisation Commission said on Tuesday that it was putting on the block a stake ranging from 51 per cent to 100pc of Pakistan International Airlines (PIA), Reuters reported.
By Staff Reporter
ISLAMABAD: Pakistan’s inflation pace eased for a third month in a row to 20.7 percent year-on-year in March, marking the lowest rate since May 2022, the Pakistan Bureau of Statistics (PBS) data showed on Monday.
By Staff Reporter
ISLAMABAD: The government has announced a hike in petrol prices by up to Rs9.66 per liter starting on Monday, as stated by the Finance Division, attributing the increase to the rising cost of petrol in the global market.
Monitoring Desk
ISLAMABAD: Pakistan’s new finance minister said he’s keen to tap Chinese investors by selling as much as $300 million in Panda bonds for the first time ever this year, Bloomberg reported on Friday.
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) said on Wednesday it had reached a staff-level agreement with Pakistan on the completion of the second and final review of a $3 billion bailout program, paving the way for a release of $1.1 billion in funds.
By Staff Reporter
KARACHI: Pakistan’s central bank maintained its benchmark interest rate at 22 percent on Monday, in a widely anticipated move that marks the sixth consecutive policy meeting without a change.
