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IMF advises Pakistan to open up economy
International Monetary Fund also proposes spending of Rs6.2tr on sustainable development goals in 10 years
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Pakistan to continue talks with IMF review team today
IMF delegation will be informed about the progress made on set targets
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Finance Division seeks Rs112 billion for spending on projects
Funds insufficient to complete some critical schemes of Gwadar and Karachi
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Govt wants IMF to relax power tariff hike condition
Cites double-digit inflation, politically-high cost as reasons for seeking a delay in issuing notification
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FBR chief’s health issues set rumour mill churning
As FBR prepares a mini-budget, Shabbar Zaidi leaves on medical leave again
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PTI govt notifies GIDC relief for fertiliser sector
Reduction will lead to Rs360-400/bag decline in urea prices
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Market analysts expect interest rate to remain unchanged
Central bank is due to announce monetary policy statement today
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Pakistan invites Malaysia to acquire divested shares
Minister encourages investors to fully participate in auction of oil and gas blocks
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Govt’s key appointment raises procedural doubts
Finance ministry says it followed legal path for position of SBP deputy governor
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PTI govt’s revenue to take Rs44 billion hit from GIDC reduction
GIDC applicable to fertiliser producers was cut by Rs400 per bag
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Pakistan's refineries plan plant upgrade, seek govt protection
Look for duty and tax relief, furnace oil consumption in power plants over next five years
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Some promises fulfilled: PM Imran urges business community to pay taxes
Directs FBR chairman to hold meeting with businessmen to resolve issues
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SBP poured $24b into inter-bank market between two IMF programmes
Former central bank governor calls for legally defined mechanism for using foreign exchange reserves
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83% Pakistanis worried about job security
According to survey, people’s trust in economy has weakened
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Fitch keeps Pakistan’s rating at B-, outlook stable
Fitch Ratings says Pakistan has taken steps to address external sector, fiscal and debt issues
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Dr Hafeez Sheikh ‘displeased’ with FBR performance
Advisor to PM on Finance grills officials over slow pace of revenue collection
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Use of illegal remittance channels on the rise in Pakistan: Reza Baqir
SBP is not lending money to the govt since beginning of the current fiscal year
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Public debt rises to Rs32.1tr by Nov end
Govt added Rs5.7tr in one year as revenues fell short of expenditures
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Pakistan’s trade deficit contracts over 30% to $11.6b
Dip came due to import compression amid signs of weakening export growth
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Easy fiscal and monetary policies to spur growth
Govt needs to relax curbs on raw material imports to reverse decline in LSM
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Inflation rises 11.11% in first half of FY20
It comes mainly because of hike in prices of perishable food items
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Imran's govt may seek IMF nod for fixed tax regime
Committee formed to discuss issue which will give boost to construction sector
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IMF makes the Council of Common Interests go
At long last the Council of Common Interests (CCI) met after 13 months or so
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PTI govt delays report on debt management risks
This comes amid steep rise in public debt and liabilities in past one year
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IMF assumes far less-than-expected rupee fall
Assumptions suggest average exchange rate of Rs160.64 to a dollar by end of FY20
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Hit by climate change, agriculture continues to suffer
Locust attack has also played havoc with key crops
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PTI govt set to unveil mini-budget in 2 months
May impose additional taxes of around Rs150b to achieve collection target
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IMF cuts FBR’s tax target to Rs5.23 trillion
Sees budget deficit soaring to 7.6%, introduces major changes in loan conditions
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SBP governor says tough part is over for Pakistan
Reza Baqir cites low savings rate as major reason for balance of payments problem
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Pakistani rupee getting strong, likely to hit 150 to dollar
Later, it is feared to return to depreciation phase in Q4
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Pakistan receives $1.3b from Asian Development Bank
Under crisis response facility, ADB approves loan to support Pakistan pay off debt
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PSX becomes best performing market
KSE 100-share Index advances 36% in dollar terms in past three months
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Tax revenue shortfall widens to Rs218b
Federal excise duties collection stood at Rs99b as against the target of Rs111b, falling short of the target by Rs12b
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Govt approves 4th power tariff hike in 11 months
ECC also increases wheat support price by Rs65 to Rs1,365 per 40 kg
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New industrial policy – do we really need one?
Policy should not be repeat of previous ones, must respond to modern trends
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PM Imran praises economic team for rupee appreciation
Political stability, trade with neighbours prerequisites for sustainable economic growth, says Dr Hafeez Sheikh
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Rally continues at bourse, KSE-100 advances 4.5%
Benchmark index rises 1,606 points to close at 37,584
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IMF allows Pakistan to issue fresh sovereign guarantees of Rs250b
Dr Abdul Hafeez Shaikh says guarantees will primarily be used to tackle circular debt
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Rethinking development
Development is a key to even reach out to the world governed today by geo-economic rules
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IMF requests Pakistan's parliament to help increase SBP’s autonomy
Calls for legal amendments for automatically increasing electricity prices
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Pakistan requests IMF to cut tax target by Rs300b
Shortfall in collection widens to Rs167b in first four months of FY20
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Rising debt hinders Pakistan’s growth
Pakistan faces difficulties in reducing debt despite tightening fiscal policies
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IMF sends mission to Pakistan for performance review
PTI govt’s position remains comfortable on six performance criteria
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IMF team reviews Pakistan's ailing tax system
Discussions focus on enhancing revenue collection that remains below par
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The wrong model
Pakistan’s economy continues to remain dole-dependent on the IMF
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NEPRA raises power tariff by Rs0.52 per unit
Discos to recover Rs52.7 billion to due this increase
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Not a bad start
The 2.4% economic growth rate is lower than the 3.5% projection of the State Bank
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Planning ministry sanctions Rs15.4b for PSDP
Moves comes amid less demand for budget by line ministries
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With the PSX in freefall, stockbrokers quit business
Around a dozen have surrendered their membership in past two to three months
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Discrepancy of up to Rs24b found in tax receipts
Figure reported by FBR is different from cash deposited in treasury