ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif expressed his satisfaction over reaching of Pakistan’s staff-level agreement with the International Monetary Fund (IMF) for a new $7 billion loan programme. The prime minister said for the country’s economy, they had taken harsh and difficult decisions and owing to these decisions, positive outcome was being achieved in form … Read more
ISLAMABAD: Caretaker Finance Minister Dr, Shamshad Akhtar has said that the interim government will try to talk to the IMF for the next program as the nation will need the lender’s help to consolidate macro-economic stability. She said that the country’s foreign reserves will jump in December after pledges made by global lenders materialize. The … Read more
Former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan fears that a new wave of inflation will hit the countrymen if Pakistan joins the International Monetary Fund (IMF) programme, adding that the country will be default without the programme. He further said that the country was passing through the most critical time of her … Read more
KARACHI: The Pakistan Muslim League-Nawaz (PML-N) government is “committed to reviving the IMF programme and put Pakistan back on a sustainable growth path.” according to Finance Minister Miftah Ismail. Ismail had returned from Doha, Qatar, where Islamabad and the fund had been holding discussions from May 18 to 25. Finance Minister Ismail and Nathan Porter, … Read more
Islamabad: In a country like Pakistan, which is surrounded by internal and external conflicts, managing the economy is an uphill task. Strained relations with India and continuous turbulent situation in Afghanistan never allowed Pakistan to realise its true potential. In the last 74 years, the country’s economy is moving like a see-saw between military and … Read more
KARACHI: Pakistan needs viable and inexpensive electricity for socioeconomic development, but the situation is contrary, as the power regulatory authority on the dictation of the International Monetary Fund (IMF) has increased the tariff several times in the last few months, creating financial problems for the residential and industrial units alike. Pakistan Apparel Forum Chairman Javed … Read more
KARACHI: Taking more than a normal course of time of two weeks, the International Monetary Fund (IMF) programme with Pakistan is slated to resume after the Executive Board meets on February 2, 2022, as the implementation of prior actions, related to fiscal and institutional reforms, are now complete after parliamentary approval of the State Bank … Read more
KARACHI: The Pakistan Stock Exchange (PSX) likely to open higher following positive cues from the upcoming IMF programme, analysts said. The witnessed dull trading activities during the week ended January 28, 2022 as the investors remained concerned over the uncertainty regarding the International Monetary Fund (IMF) $1 billion tranche along with rising oil prices in … Read more
KARACHI: The government, amid a heated session of the National Assembly, managed to pass the Supplementary Finance Bill 2021 and the SBP Amendment Bill 2021 in a super long session. The SBP Amendment Bill, being a legislative bill, would be presented in the Senate after which it will be referred to the Standing Committee on … Read more
KARACHI: The Pakistan stocks dropped 1.62 per cent during the week ended January 21, 2022, amid rising Covid infections and uncertainty over the upcoming monetary policy. “Going forward, we expect the market direction to take a cue from the upcoming monetary policy announcement coupled with the IMF board meeting,” an analyst at Pearl Securities said. … Read more
KARACHI: The Pakistan stocks witnessed a profit-taking session on the first day of the week on account of concerns over the upcoming monetary policy announcement scheduled on Tuesday, dealers said. “During the day, investors’ interest remained low, owing to the upcoming mini-budget, which led the index to close below the psychological barrier of 43,000 points, … Read more
KARACHI: The Pakistan stocks are expected to come under pressure after the State Bank of Pakistan (SBP) increased the benchmark interest rates by 150bps against the general consensus of 100bps to 8.75 per cent, dealers said. An analyst at AKD Securities said the news of the current account deficit deteriorating to $1.7 billion would also … Read more
