Jun 29

Petroleum prices in Pakistan may rise from July 01, 2022

KARACHI: The prices of petroleum products in Pakistan are likely to increase due to planned implementation of petroleum levy and sales tax from July 01, 2022. The National Assembly on Wednesday passed the Finance Bill 2022, which enabled the government to impose petroleum levy up to Rs50 per liter on petroleum products. READ MORE: New […]

by Faisal Shahnawaz

IMF demands Pakistan to remove fuel, energy subsidies

May 25

Finance, Top stories

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. Pakistan authorities and a mission of the IMF concluded discussions during May 18 to May 25, 2022 in Doha, Qatar. READ MORE: Foreign investment falls by 57% in 10MFY22: SBP The IMF after the […]

by Mrs. Anjum Shahnawaz

Pakistan surrenders to IMF, agrees to remove subsidies

Apr 25

Finance, Top stories

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 […]

by Faisal Shahnawaz

IMF to agree on Pakistan’s industrial promotion package

Mar 24

Finance, Top stories

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.

by Mrs. Anjum Shahnawaz

IMF board approves $1.059 billion tranche for Pakistan

Feb 2

Finance, Top stories

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 […]

by Mrs. Anjum Shahnawaz

IMF Board to approve $1.059bn by Jan 12, 2022: Tarin

Nov 22

Finance, Top stories

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. […]

by Mrs. Anjum Shahnawaz

IMF outlines actions for Pakistan to release $1.059bn

Nov 22

Finance, Top stories

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 […]

by Faisal Shahnawaz

Nov 13

Stock & Commodity

Weekly Review: market to eye IMF package

KARACHI: The stock market to wait for the IMF package during the next week, which is current stalled. Analysts at Arif Habib Limited said that despite noise gaining traction on the economic front, we believe there is some silver lining; 1QFY22 fiscal deficit declined by 9.2 per cent YoY whereas local production also appears under […]

by Hamza Shahnawaz

Nov 6

Stock & Commodity

Weekly Review: market may stay positive on IMF deal

KARACHI: The stock market likely to stay positive during the next week owing to expectation of IMF and Pakistan reach agreement. Whereas, current macro-economic concerns such as higher inflationary reading due to jump in petroleum prices could keep the market range-bound. Analysts at Arif Habib Limited said that the market to remain positive in the […]

by Faisal Shahnawaz

No deadlock in Pakistan, IMF talks: spokesman

Oct 18

Finance

No deadlock in Pakistan, IMF talks: spokesman

ISLAMABAD: The ministry of finance on Sunday rejected a news story regarding failure of talks between Pakistan and the International Monetary Fund (IMF), said there was not any deadlock with the IMF. Finance ministry spokesman Muzammil Aslam, in a statement, said that there was not truth in news about the deadlock, adding that the talks […]

by Mrs. Anjum Shahnawaz