IMF bailout package

Finance Minister Mohammad Aurangzeb highlights steps for economic stability

IMF board expected to approve funds 4-6 weeks post-SLA, say Finance Ministry sources

Pakistan completes second bailout package, marking 23rd deal in history

Minister Aurangzeb emphasizes revenue distribution improvement

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

Staff-level agreement between Pakistan, Fund reached on first review of $3 billion bailout

Assures IMF of new action plan to better allocate resources, slash ongoing projects

Felicitates PM Shehbaz for reaching the agreement

Informs lender about its plan to secure a $450 million worth support loan from RISE-II budget

Shehbaz says chaos, anarchy part and parcel of his agenda

Duration of the talks cannot be confirmed but we intend to wrap these up at the soonest, says Finance Secretary

Two sides agree on a set of measures to help Pakistan avoid looming default

Creditor’s board okays four pending reviews of Pakistan’s economy and release of next loan tranche of around $500m

Situation prompted by lower-than-expected receipts against budgetary measures

Former central bank governor calls for legally defined mechanism for using foreign exchange reserves

Shortfall in collection widens to Rs167b in first four months of FY20

Net domestic asset targets are stringent that may create liquidity problems

SBP has already raised interest rate by 575bps since May 2018

Workings in IMF report reveal rupee will lose over 27% due to weak economy

Says ‘fascist’ govt imposing burden of taxes worth 1.6 trillion on people

IMF sees net addition of $34.6b despite repayment of $48b during PTI’s tenure

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

Asian Development Bank announces $10b in financing from 2020 to 2024

Despite over 50% rupee depreciation, exports have remained stagnant

If the purpose of the IMF is to deter the government from borrowing by raising its cost, the idea seems self-defeating

Currency depreciates to Rs164.05 against US dollar

Analysts trace historical roots, talk about long-standing structural problems

Currency moved both ways within a range of Rs156.50 to Rs157.07

Fresh plunge comes amid mounting import payment and foreign debt repayment pressure

Significant amount will now be recovered under a deal with the IMF

For long-term results, govt will need to take guidance from other countries

Former finance minister says international lender’s conditions were tougher in Oct

Looks to generate additional revenue to collect over Rs2tr through sales tax

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

Benchmark KSE-100 index declines 320.53 points to settle at 33,971.12

Rupee weakened by over five per cent or Rs7.10

Finance ministry seeks details of forex needs of ministries, divisions

Three main sticking points lead to inconclusive talks on last day of IMF visit

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

Estimate has been worked out on basis of $74b external public debt as of end-Feb

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