IMF demands Pakistan to remove fuel, energy subsidies
KARACHI: The International Monetary Fund (IMF) has demanded Pakistan to remove fuel and energy subsidies for further discussion on bailout package.
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Tag: IMF
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Pakistan surrenders to IMF, agrees to remove subsidies
KARACHI: Pakistan government has agreed to remove subsidies on various items granted by the previous government in order to continue loan program under International Monetary Fund (IMF). The IMF issued the following statement on April 24, 2022: “We had very productive meetings with the Finance Minister of Pakistan Miftah Ismail over Pakistan’s economic developments and […]
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IMF to agree on Pakistan’s industrial promotion package
ISLAMABAD: Pakistan and International Monetary Fund (IMF) likely to reach an understanding on the industry promotion package i.e. amnesty scheme in the ongoing 7th review, an official statement said on Thursday.
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ABAD denounces IMF demand to stop incentives
KARACHI: Mohsin Sheikhani, Chairman Association of Builders and Developers of Pakistan (ABAD) has strongly denounced the demand of the International Monetary Fund (IMF) for ‘Unwinding’ the two key measures for the promotion of housing and construction activities and said that the suggestion of IMF will further weaken the economy of Pakistan. In a statement on […]
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IMF board approves $1.059 billion tranche for Pakistan
ISLAMABAD: The Executive Board of the International Monetary Fund (IMF) on Wednesday approved sixth tranche under $6 billion Extended Fund Facility (EFF) for Pakistan. Finance Minister Shaukat Tarin announced this in a Tweet. “I am pleased to announce that IMF Board has approved 6th tranche of their program for Pakistan.” Pakistan will get around $1.059 […]
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IMF wants Pakistan to improve tax to GDP ratio to 20%
ISLAMABAD: Finance Minister Shaukat Tarin on Tuesday said the International Monetary Fund (IMF) wanted Pakistan to improve tax to GDP ratio to 20 per cent through structural changes. Improving tax to GDP ratio to 20 per cent from 9 per cent is in the benefit of the country, he added. Addressing to the interactive session […]
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IMF intervention to add economic miseries of Pakistan
Business leaders have raised serious concerns over the continuous intervention of the International Monetary Fund (IMF), warning that its influence is exacerbating Pakistan’s economic struggles.
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FPCCI demands consultations on planned mini-budget
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday demanded the government of consultations with stakeholders on the planned mini-budget. FPCCI President Mian Nasser Hyatt Maggo in a statement expressed his deep concerns over the approach of the government for not taking the apex business, industry, and trade body of Pakistan into […]
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IMF Board to approve $1.059bn by Jan 12, 2022: Tarin
ISLAMABAD: Shaukat Tarin, Adviser to Prime Minister on Finance and Revenue, on Monday said that staff-level agreement has been finalized and IMF executive board would approve the tranche by January 12, 2022. The adviser said an agreement between Pakistan and International Monetary Funds (IMF) under Extended Fund Facility (EFF) worth $1.059 billion had been finalized. […]
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IMF outlines actions for Pakistan to release $1.059bn
ISLAMABAD: The International Monetary Fund (IMF) on Monday outlined prior actions for Pakistan for the release f $1.059 billion under Extended Fund Facility (EFF). The IMF stated that its mission led Ernesto Ramirez Rigo held virtual discussions during October 4–November 18, 2021 in the context of the sixth review of the authorities’ reform program supported […]
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