KARACHI: The government should reject the demand of the International Monetary Fund (IMF) for ‘unwinding’ the two key measures related to promotion of housing and construction activities, an official said. Association of Builders and Developers of Pakistan (Abad) Chairman Mohsin Sheikhani said that the suggestion of the IMF will further weaken the economy of Pakistan. … Read more
Finance Minister Shaukat Tarin spoke about the major challenges faced by the PTI government Tarin further explained how the government tried to deal with these challenges with limited resources. The biggest difficulty, he said, “When the PTI government came to power, was the country’s current account deficit of $20 million”. In the past, growth could … Read more
Pakistan witnessed a strong V-Shaped growth despite being in a hard-hitting International Monetary Fund (IMF) program, Federal Minister for Finance and Revenue, Shaukat Tarin stated on Saturday. In a tweet here the minister stated that the IMF program was required by unsustainable current account shortage and falling foreign currency reserves, and a vicious Covid 19. … Read more
