IMF Bailout

Pakistan narrowly averted a default last summer thanks to a short-term IMF bailout of $3 billion

It is Pakistan’s programme and it is supported, assisted and funded by the IMF, says finance minister

Country’s current account deficit may stay below $2.5b

The path ahead for the new government is paved with critical decisions and tough challenges

India abstains from voting at board meeting; global lender terms steadfast policy implementation critical

Spokesperson says hoping disbursement will help stabilise economy, help expand social safety net to most vulnerable

Govt under world pressure to not relax loan conditions

PML-N will decide whether to accept IMF conditions or announce elections

IMF asks Pakistan to adhere to fiscal consolidation by showing nominal primary deficit

IMF programme is, by definition, anti-growth and calls for steps to do away with macroeconomic imbalances.

International Monetary Fund also proposes spending of Rs6.2tr on sustainable development goals in 10 years

IMF delegation will be informed about the progress made on set targets

Cites double-digit inflation, politically-high cost as reasons for seeking a delay in issuing notification

Fitch Ratings says Pakistan has taken steps to address external sector, fiscal and debt issues

Calls for legal amendments for automatically increasing electricity prices

PTI govt’s position remains comfortable on six performance criteria

Says high foreign currency reserves critical for avoiding lender in future

Global lender’s regional head says results encouraging so far, Pakistan needs to remain patient

Sources say since many of conditions agreed with international money lender could not be fulfilled

This comes despite IMF incentive of softening primary deficit target

Hikes power tariffs, makes one-off payments to over 5m BISP beneficiaries

FBR admits to NA panel it will miss tax collection target

Production, supply of cigarettes, other products to be electronically monitored; FBR hopes to generate Rs20b revenue

Umar said it was at PM’s discretion to decide whether to opt for the IMF programme or for the solution he had proposed

Report states country bound to implement FATF action plan in three months as part of $6b loan conditions

IMF board decides to take up country’s request for $6b loan on July 3 for decision

Currency has recovered a total of Rs2.21 in past three days to Rs149.74 to the greenback

Foreign investors invested $1.37b in Jun-Apr FY19 compared to $2.84 last year

Cost of 134 ongoing projects surge by Rs945.22 billion

Currency has weakened by over 7% or Rs10 in four days

Shah, Rabbani ask govt to present all conditions before parliament

Benchmark index gains 83.92 points to settle at 33,250.54

Fiscal deficit of 6% is indispensable for Pakistan’s economy

Currency hits all-time low of 149.36 against dollar

Movement in currency, anticipation of harsh measures in upcoming budget drive bearish sentiment

PM's aide says global lender's programme will benefit the poor, create jobs

Hits all-time low of 148.5 against dollar, closes at 146.52

Finance ministry seeks details of forex needs of ministries, divisions

Many PTI electables have served under previous govts and have vested interests in preserving socio-economic status quo

The govt is likely to start withdrawing exemptions offered in taxes in 2019-20 budget

An inflationary budget loaded with taxes will be unveiled on June 11

Research house sees 13-17% depreciation and 1.25-percentage-point rise in rate

The finance minister of a cash-strapped country appears to lessen sufferings of a common man

Sources say Imran to ask Saudi leadership for economic aid to avoid having to turn to IMF