US
The economic forecast for Pakistan revises to 2% growth in 2024, with inflation remaining a concern.
Secretary Power Division says companies are based in major urban centres of Gujranwala, Faisalabad and Islamabad
Kakar says govt to come up with out-of-box solution on power sector
Ex-minister anticipates release of ‘innocent’ prisoners, says '30-day game' left before dissolution of assemblies
Shehbaz thanks long-time allies China, Saudi Arabia and United Arab Emirates for their support
Technical assistance missions are separate from any programme review missions
Pakistan has struggled to strike a deal with the IMF to release funds critical to stabilise the struggling economy
Foreign loans fall by $5b YoY because of impasse with IMF
Global lender seeks confirmation for $6b loans that Pakistan urgently needs to bridge the external financing gap
It was one of IMF's requirements set for country for staff-level agreement
Analysts predict inflation to rise to at least 35% a month in March and April
No reason for the rise provided by the central bank
Govt pledges mini-budget, tariff hike to secure hard cash
Industries set to face impact of high input prices, shortage of gas
Legal experts say move is possible without amending Constitution
Reneges from a four-month-old stance to not further raise rates by increasing Rs1.68 per unit
IMF asked Pakistan to end state control of rupee and let currency move freely to find its equilibrium against dollar
Fund gives $650b to low-income nations to help mitigate Covid-related economic woes
Says govt to receive $2.77b on August 23
Govt set to hike tariff by Rs4.5 per unit in coming months to meet IMF condition
US investment climate report says significant progress made on exchange rate, current account deficit
New loans contracted to pay $10b maturing debt and cushion reserves
Demand modest reduction in electricity, gas tariffs due to fall in global crude prices
Says govt spending will need to remain supportive and flexible
Money helps achieve foreign currency reserves target of around $12b
Georgieva says recovery will have to get under way without medical breakthrough
All provinces will have to avoid deficit this year, with Punjab to account for more than half of Rs242b surplus target
Move aimed at achieving Rs4.96 trillion 'aspirational' target
Adviser says G20 will defer country’s payment of around $1.8b for one year
Only International Monetary Fund gave relief in repayment of loans, says the premier
Washington has said it is not letting up on its “maximum pressure” campaign against Iran despite the coronavirus
IMF resident representative says inflation will remain in double digits this year
The move will free up more than $20 billion for the countries to spend on their health systems, Saudi Finance Minister
Loan will be given to extend budgetary support to the country in the wake of economic slowdown
Lender says its priority has shifted to approval of $1.4b rapid financing facility
Privatisation transactions will be completed after local and international markets recover
Capital value tax abolished to support Pakistan Stock Exchange as market continues to plunge
IMF official says these countries should devalue currencies instead of giving credit concessions
Pakistan not to renegotiate $6b package – a decision that may make tax collection target unrealistic
Federal cabinet approves 3% GDP growth target, inflation target set at 8.4% for FY21
The current market volatility in Pakistan is externally driven, says SBP Governor Reza Baqir
It will offer one-tenth shares to international firm having expertise in sector
Petitioner claims govt can only take loan up to 60% of GDP
Finance ministry denies global lender has agreed to downward revision
Move comes due to spike in interest rates, refinancing risks of external debt
Decision put off due to lack of progress on some agreed prior conditions
Standards for import of agri-products are likely to be more restrictive in face of deadly virus
Will also ask FBR about status of revenue collection in current fiscal year
IMF programme is, by definition, anti-growth and calls for steps to do away with macroeconomic imbalances.
If the disease is contained rapidly, there can be a sharp drop and a very rapid rebound, says IMF managing director