Tue, 21-Oct-2025

Pakistan secures $7 bln agreement with IMF

Pakistan secures $7 bln agreement with IMF

Pakistan secured $7 billion, 37-month agreement with IMF. Deal aims to strengthen Pakistan’s economy. Pakistan to raise tax revenue by 1.5% this year, 3% overall. Pakistan has entered into a promising $7 billion agreement with the International Monetary Fund (IMF), spanning 37 months. This preliminary staff-level accord paves the way for the IMF’s Executive Board … Read more

PSX ranked as one of the world’s top-performing markets in July

PSX ranked as one of the world's top-performing markets in July

In July 2023, the PSX demonstrated exceptional performance, ranking among the world’s best-performing stock markets. The PSX’s remarkable growth of over 16% was driven by several positive developments. Average daily volumes reached 384 million shares, a remarkable 127 percent increase compared to the previous month. In July 2023, the Pakistan Stock Exchange (PSX) showed remarkable … Read more

Shehbaz views Saudi’s support instrumental in securing IMF deal

PM Shehbaz Saudi Arabia

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Tuesday thanked the Saudi leadership for their generous and unwavering support for Pakistan, which, he said, was particularly instrumental in securing the deal with the International Monetary Fund (IMF). The prime minister was talking to Ambassador of Kingdom of Saudi Arabia Nawaf bin Saeed Ahmad Al-Malkiy who called on him, … Read more

Asad Umar claims Shaukat Tareen suggested IMF relief in audio

Tareen suggested IMF relief
  • Asad Umar defended an audio leak of former finance minister Shaukat Tarin speaking to Punjab and KP finance ministers and urging they visit the Centre to seek IMF support amid the floods
  • Asad Umar, speaking to the media with KP foreign minister Taimur Jhagra, bemoaned the former finance minister’s phone tapping and claimed that the government had changed the dialogue

ISLAMABAD:  PTI Secretary General Asad Umar defended an audio leak of former finance minister Shaukat Tarin speaking to Punjab and KP finance ministers and urging they visit the Centre to seek IMF support amid the floods.

Asad Umar, speaking to the media with KP foreign minister Taimur Jhagra, bemoaned the former finance minister’s phone tapping and claimed that the government had changed the dialogue. “These are old PML-N practices of cutting and pasting films and audios,” he claimed.

Tarin, according to Umar, just urged the provincial finance ministers to inform the Centre to go back to the IMF and seek relief on the terms established for the release of the US$1.18 billion loan tranche.

“If we’re asking for money from other countries, why can’t we ask the IMF for some relief to spend on floods?” he asked. “The letter issued by the KP minister demonstrates what they desired from the Centre in terms of help for the national exchequer, which is overloaded as a result of the disastrous floods.”

Speaking on the occasion, Taimur Jhagra stated that he had to write another letter to the finance minister after Miftah Ismail failed to follow through on pledges made during their meeting regarding cash for the former FATA districts.

“We requested them to sit with us and discuss the problem even after they agreed to surplus provincial budgets with the IMF. On July 6, 2006, we sent a letter in this regard “He revealed.

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