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IMF clubs Pakistan with war-torn countries
The economic forecast for Pakistan revises to 2% growth in 2024, with inflation remaining a concern.
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Govt mulls selling stakes in three major power distribution companies
Secretary Power Division says companies are based in major urban centres of Gujranwala, Faisalabad and Islamabad
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Pakistan eyes $25b Saudi investment
Kakar says govt to come up with out-of-box solution on power sector
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Sheikh Rashid predicts emergence of 'new politics'
Ex-minister anticipates release of ‘innocent’ prisoners, says '30-day game' left before dissolution of assemblies
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PM hopes for bailout approval from IMF board on July 12
Shehbaz thanks long-time allies China, Saudi Arabia and United Arab Emirates for their support
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IMF sceptical about PSDP: report
Technical assistance missions are separate from any programme review missions
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IMF to discuss Pakistan's budget plans in fresh hurdle to funding
Pakistan has struggled to strike a deal with the IMF to release funds critical to stabilise the struggling economy
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Govt struggles to secure loans from global lenders
Foreign loans fall by $5b YoY because of impasse with IMF
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Pakistan still half way to clinch staff-level IMF deal
Global lender seeks confirmation for $6b loans that Pakistan urgently needs to bridge the external financing gap
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China rolls over $2b in SAFE deposits
It was one of IMF's requirements set for country for staff-level agreement
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Pakistani professionals struggle with higher costs as economy teeters
Analysts predict inflation to rise to at least 35% a month in March and April
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Forex reserves rise to $4.31b
No reason for the rise provided by the central bank
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IMF dictates tough deal for $3.5b
Govt pledges mini-budget, tariff hike to secure hard cash
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LSM posts moderate growth in Q1
Industries set to face impact of high input prices, shortage of gas
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Govt mulls taxing farm income on IMF demand
Legal experts say move is possible without amending Constitution
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Govt seeks hike in power tariff to salvage IMF package
Reneges from a four-month-old stance to not further raise rates by increasing Rs1.68 per unit
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Rupee weakens against dollar
IMF asked Pakistan to end state control of rupee and let currency move freely to find its equilibrium against dollar
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Pakistan gets $2.77b from IMF’s Covid fund
Fund gives $650b to low-income nations to help mitigate Covid-related economic woes
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Tarin vows to protect IMF, KPP programmes
Says govt to receive $2.77b on August 23
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Citizens paying through their noses for power
Govt set to hike tariff by Rs4.5 per unit in coming months to meet IMF condition
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Pakistan remains ‘challenging environment’ for FDI
US investment climate report says significant progress made on exchange rate, current account deficit
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In FY20: Govt gets over $13b in foreign loans
New loans contracted to pay $10b maturing debt and cushion reserves
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Businessmen oppose power subsidy withdrawal
Demand modest reduction in electricity, gas tariffs due to fall in global crude prices
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Cutting spending too soon may derail recovery: IMF
Says govt spending will need to remain supportive and flexible
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Pakistan receives $1.3 billion loan from China
Money helps achieve foreign currency reserves target of around $12b
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IMF says pandemic may test $1tr war chest
Georgieva says recovery will have to get under way without medical breakthrough
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Punjab to ensure mammoth surplus
All provinces will have to avoid deficit this year, with Punjab to account for more than half of Rs242b surplus target
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Govt imposes Rs200b worth of additional taxes
Move aimed at achieving Rs4.96 trillion 'aspirational' target
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Fiscal deficit to surge, tax revenue to miss target: Hafeez
Adviser says G20 will defer country’s payment of around $1.8b for one year
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Pakistan hasn’t received a single dollar in aid over coronavirus yet, reveals PM
Only International Monetary Fund gave relief in repayment of loans, says the premier
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EU regrets US refusal to allow economic aid for Iran to fight coronavirus
Washington has said it is not letting up on its “maximum pressure” campaign against Iran despite the coronavirus
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Pakistan fails to ask G20 for relief
IMF resident representative says inflation will remain in double digits this year
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G20 agrees debt freeze for world's poorest countries
The move will free up more than $20 billion for the countries to spend on their health systems, Saudi Finance Minister
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IMF to consider $1.4 billion Pakistan grant on April 16
Loan will be given to extend budgetary support to the country in the wake of economic slowdown
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IMF delays approval of review for $450m tranche
Lender says its priority has shifted to approval of $1.4b rapid financing facility
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Government puts off sale of assets
Privatisation transactions will be completed after local and international markets recover
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Pakistan to seek $3.7b more in loans to offset virus impact
Capital value tax abolished to support Pakistan Stock Exchange as market continues to plunge
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‘Highly indebted states have limited policy space’
IMF official says these countries should devalue currencies instead of giving credit concessions
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IMF to give tax break to businesses hit by corona
Pakistan not to renegotiate $6b package – a decision that may make tax collection target unrealistic
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PTI govt envisages record Rs1tr in additional taxes
Federal cabinet approves 3% GDP growth target, inflation target set at 8.4% for FY21
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State Bank of Pakistan ready to battle any market shocks amid coronavirus crisis
The current market volatility in Pakistan is externally driven, says SBP Governor Reza Baqir
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Govt scraps process of OGDC share sale at PSX
It will offer one-tenth shares to international firm having expertise in sector
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SHC to ask SBP, finance ministry about IMF loan
Petitioner claims govt can only take loan up to 60% of GDP
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FBR expects substantial cut in tax target by IMF
Finance ministry denies global lender has agreed to downward revision
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Pakistan further delays launch of $3b Eurobonds
Move comes due to spike in interest rates, refinancing risks of external debt
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World Bank delays two of Pakistan's budgetary support loans
Decision put off due to lack of progress on some agreed prior conditions
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Pakistan must improve export quality level to avoid curbs
Standards for import of agri-products are likely to be more restrictive in face of deadly virus
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PAC seeks briefing from SBP on hot foreign money
Will also ask FBR about status of revenue collection in current fiscal year
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The cost of IMF dollars
IMF programme is, by definition, anti-growth and calls for steps to do away with macroeconomic imbalances.
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Coronavirus could damage global growth in 2020: IMF
If the disease is contained rapidly, there can be a sharp drop and a very rapid rebound, says IMF managing director