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21st April, 2013
State Bank reserves hit 10-year low
Foreign exchange reserves of State Bank touched a 10-year low mark, raising concerns that it may create problems in repaying the IMF.
Foreign exchange reserves of State Bank touched a 10-year low mark, raising concerns that it may create problems in repaying the IMF.
18th April, 2013
Current account deficit crosses $1bn mark
The widening of current account deficit is pushing the country closer to default on external front owing to massive outflow for repayments to IMF.
The widening of current account deficit is pushing the country closer to default on external front owing to massive outflow for repayments to IMF.
16th April, 2013
Khoso appoints finance adviser, forms team for IMF talks
“Prime Minister retired Justice Mir Hazar Khan Khoso has appointed Dr Shahid Amjad Chaudhry as adviser finance, in-charge of ministry of finance,” said a notification issued by Prime Minister Secretariat.
“Prime Minister retired Justice Mir Hazar Khan Khoso has appointed Dr Shahid Amjad Chaudhry as adviser finance, in-charge of ministry of finance,” said a notification issued by Prime Minister Secretariat.
14th April, 2013
IMF sees better days ahead, provided…
IMF hopes that Pakistan’s external current account balance would improve during the 2012-13 fiscal year.
IMF hopes that Pakistan’s external current account balance would improve during the 2012-13 fiscal year.
11th April, 2013
Remittances Poor growth in nine months
Remittances showed poor growth at the end of the third quarter of the current fiscal year.
Remittances showed poor growth at the end of the third quarter of the current fiscal year.
1st April, 2013
Worn out approach to tax collection
The Federal Board of Revenue is resorting to desperate, yet conventional measures, to narrow down the revenue gap.
The Federal Board of Revenue is resorting to desperate, yet conventional measures, to narrow down the revenue gap.
1st April, 2013
Economic growth and poverty
A group of economists described two policy measures which, they said, politicians in power usually adopt to reduce poverty, as flawed.
A group of economists described two policy measures which, they said, politicians in power usually adopt to reduce poverty, as flawed.
1st April, 2013
Stocks witness dull trading
The Karachi share market witnessed lacklustre performance all through the week due to lack of triggers.
The Karachi share market witnessed lacklustre performance all through the week due to lack of triggers.
1st April, 2013
Rupee gains in open market
The rupee managed to put a stop to its sharp decline against the dollar last week in the local currency market, but continued to slide in the interbank market.
The rupee managed to put a stop to its sharp decline against the dollar last week in the local currency market, but continued to slide in the interbank market.
25th March, 2013
Euro rebounds in Asia on Cyprus bailout deal
Final backing for the deal came after 12 hours of talks between Cypriot President Nicos Anastasiades and the EU, ECB and IMF.
Final backing for the deal came after 12 hours of talks between Cypriot President Nicos Anastasiades and the EU, ECB and IMF.
23rd March, 2013
IMF sees Iraq economy growing by 9pc this year
But the IMF also said Baghdad needs to do more to support private, non-oil business.
But the IMF also said Baghdad needs to do more to support private, non-oil business.
21st March, 2013
Cyprus shuts banks in scramble to secure bailout
Cyprus ordered banks to stay shut for another five days as ministers scrambled Wednesday to draw up a Plan B aimed at securing a bailout .
Cyprus ordered banks to stay shut for another five days as ministers scrambled Wednesday to draw up a Plan B aimed at securing a bailout .
21st March, 2013
Cyprus shuts banks
Cyprus on Tuesday ordered banks to stay shut for another five days as ministers scrambled to draw up a Plan B aimed at securing a bailout.
Cyprus on Tuesday ordered banks to stay shut for another five days as ministers scrambled to draw up a Plan B aimed at securing a bailout.
12th February, 2013
Dollar crosses Rs100 on IMF payment
The State Bank made a payment of $146 million to the IMF on Monday which pushed up dollar in the open market to cross Rs 100.
The State Bank made a payment of $146 million to the IMF on Monday which pushed up dollar in the open market to cross Rs 100.
11th February, 2013
Pakistani rupee sinks to record low against dollar
The Pakistani rupee is likely to remain under pressure because of repayments to International Monetary Fund.
The Pakistani rupee is likely to remain under pressure because of repayments to International Monetary Fund.
28th January, 2013
Report card on the eve of elections
With transfer of power expected to take place in a few weeks after general elections, the new government would be confronted with even more serious economic problems.
With transfer of power expected to take place in a few weeks after general elections, the new government would be confronted with even more serious economic problems.
28th January, 2013
Preparing for an IMF-free future
Everyone believes that there is no escape from a new Fund loan, though many are expecting a bailout later rather than sooner.
Everyone believes that there is no escape from a new Fund loan, though many are expecting a bailout later rather than sooner.
24th January, 2013
IMF tells govt to introduce VAT
IMF has asked Pakistan to implement VAT in its original form without which the fund’s future assistance would not be forthcoming.
IMF has asked Pakistan to implement VAT in its original form without which the fund’s future assistance would not be forthcoming.
18th January, 2013
IMF concerned over Pakistan’s falling reserves
If Pakistan seeks a new loan programme, it would have to implement strict measures for achieving economic targets, said an IMF official on Friday.
If Pakistan seeks a new loan programme, it would have to implement strict measures for achieving economic targets, said an IMF official on Friday.
9th January, 2013
Talks with IMF begin
Pakistan and IMF have formally entered into a two-week dialogue on post-programme monitoring of the macroeconomic situation and future cooperation.
Pakistan and IMF have formally entered into a two-week dialogue on post-programme monitoring of the macroeconomic situation and future cooperation.
