IMF Loan
Of new taxes, Rs70bn to come from fertiliser duty; Rs45bn from hike in tax on buying, selling property.
Updated 25 Jun, 2023 07:51am
Pakistan doesn’t agree with the IMF on its external financing gap projections.
Updated 25 Jun, 2023 07:55am
The federal government will raise a further Rs215 billion in new tax and cut Rs85bn in spending for the fiscal year starting next month.
Updated 24 Jun, 2023 08:36pm
Journalist Shahid Qureshi claims Dar slapped him, asked security personnel to "teach him a lesson".
Updated 22 Jun, 2023 07:44pm
PM emphasises need for a "fair, equitable and judicious" formula for distribution of financial resources among nations; meets world leaders on moot's sidelines.
Updated 23 Jun, 2023 01:24am
PM hails "outstanding" Chinese financial support amid "inordinate" delay of IMF loan.
Updated 20 Jun, 2023 09:02pm
Further drying up of forex reserves will only push the country closer to the possibility of a sovereign loan default.
Updated 19 Jun, 2023 09:52am
Finance ministry insists tax exemptions announced in budget are "growth triggers"; Dar says govt tried its best to complete 9th review.
Published 17 Jun, 2023 05:34am
In response to IMF's reservations, govt says tax exemptions announced in budget are growth “triggers” in real sectors of economy.
Updated 17 Jun, 2023 08:41am
The criticism wasn’t unexpected as most financial analysts had ruled out the Fund’s approval of the expansionary budget.
Updated 16 Jun, 2023 09:19am
Claims foreign powers want to drive Pakistan to default like Sri Lanka, then negotiate; says will meet international obligations with or without IMF.
Published 16 Jun, 2023 07:14am
US treasury secretary says country "supportive" of IMF's work in Pakistan.
Published 15 Jun, 2023 07:11am
KARACHI: Time is running out for Pakistan to convince the IMF to release the remaining $2.2 billion out of the ...
Updated 15 Jun, 2023 08:58am
Junior finance minister says IMF has already held meetings with FBR and the central bank.
Updated 14 Jun, 2023 07:57am
PM Shehbaz hopes agreement will be signed by June end since all conditions have been met.
Published 12 Jun, 2023 07:08am
Claims that 14 months on, friendly countries still not ready to trust the govt.
Published 11 Jun, 2023 07:04am
Claims govt working on possibility of restructuring its bilateral debt; stresses country will not default, approach Paris Club creditors.
Updated 11 Jun, 2023 07:19am
Pakistan Business Council CEO says the govt’s ability to lower prices through a reduction in duties and taxes is limited.
Updated 09 Jun, 2023 08:57am
The programme ends on June 30, but it must end on a good note.
Published 07 Jun, 2023 11:48am
"Our ninth review by the IMF will match all terms and conditions and, hopefully, we’ll have some good news this month," he says.
Published 05 Jun, 2023 06:47pm
Says "state was threatened, mutiny took place on May 9".
Updated 01 Jun, 2023 10:36pm
IMF mission chief says overcoming present economic and financial challenges will require sustained policy efforts and reforms.
Published 30 May, 2023 10:06am
Maintains all technical work, prior actions have been completed for ninth review of IMF loan programme.
Published 24 May, 2023 06:50pm
Power minister says since there's uncertainty and "we're not getting support we expected from West", PM, finance minister will announce alternative strategy.
Published 23 May, 2023 09:03pm
Says Finance Minister Ishaq Dar has not held any meetings with industry leaders.
Updated 14 May, 2023 08:31am
“Our team is very heavily engaged of course with the authorities because Pakistan indeed faces a very challenging situation," says IMF spokeswoman.
Published 11 May, 2023 10:57pm
In all Fund programmes, authorities issue a letter of intent outlining their policy intentions for the period after the programme, IMF official says.
Updated 04 May, 2023 02:34pm
Pakistan has been negotiating with IMF since early Feb for resumption of loan programme and subsequent release of $1.1bn tranche.
Published 25 Apr, 2023 10:32pm
Benchmark index closes at 41,008 points after gaining 802 points or 2pc from a week ago.
Updated 22 Apr, 2023 10:10am
In meeting with allies, premier says he can't share details of army chief's efforts, but his contributions are a "fact".
Updated 18 Apr, 2023 11:56pm
