Tag: IMF

PSX rallies to fresh high on power price cuts – SUCH TV

April 4, 2025 Admin No Comments

The stock market extended its record-breaking streak on Friday, fuelled by positive investor sentiment over the government’s electricity relief package, falling inflation, and optimism surrounding the International Monetary Fund (IMF) programme. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index surged to an intraday high of 120,796.67, gaining 1,858.56 points, or 1.56%. The day’s low was…

Business

Finance minister assures commitment to IMF agreement – SUCH TV

January 29, 2025 Admin No Comments

Finance Minister Muhammad Aurangzeb has assured the government’s resolve to stand firm by its commitments to the $7 billion International Monetary Fund (IMF) programme. “We are in a three-year Fund programme and know where we are, what we have committed and we are going to stay firm on those commitments,” said the finance minister while…

Business

India continues to be world’s largest growing economy: IMF director | India News – Times of India

October 23, 2024 Admin No Comments

The director of the IMF Asia Pacific department, Krishna Srinivasan, revealed that India will continue to be the world’s fastest-growing economy, as long as the country’s macroeconomic fundamentals remain strong.In an interview on Tuesday, he told PTI, “India is expected to remain the fastest-growing economy in the world. We project growth at seven percent in…

Business

Finance minister sees IMF approval for $7 billion bailout package next month – SUCH TV

August 21, 2024 Admin No Comments

The government in Islamabad has said it is making good progress with the International Monetary Fund (IMF) and hopes to get board approval in September for a new $7 billion loan programme. “We are making good progress with the IMF for Board approval in September,” Finance Minister Muhammad Aurangzeb said on Wednesday in a text…

Business

IMF says talks continuing virtually with Pakistan for fresh loan program – SUCH TV

June 7, 2024 Admin No Comments

The International Monetary Fund (IMF) is considering a new bailout package for Pakistan under its Extended Fund Facility (EFF), according to Julie Kozak, the IMF’s director of communications. In a press briefing held in Washington, Kozak highlighted the significant progress made during the recent IMF mission’s visit to Pakistan from May 13 to 23. Kozak…

Business

What will be the new Petrol price from April 1? – SUCH TV

March 30, 2024 Admin No Comments

The federal government is preparing to announce new petrol price with an increase of Rs 10 per litre from April 1, fuelling inflation in the county. However, if the authorities gave in to the IMF demands petrol price may increase by up to Rs50 per litre. The prices will rise due to the premium on…

Business

IMF asks Pakistan to revisit NFC Award – SUCH TV

March 15, 2024 Admin No Comments

The International Monetary Fund (IMF) has called upon Pakistan to revisit the National Finance Commission (NFC) award with the provinces. This demand came during the second day of talks between Pakistani officials and the IMF under the second review of the $3 billion standby arrangement (SBA). Article 160 of the Constitution authorizes the president to…

Business

Development spending 61% below target | The Express Tribune

February 13, 2024 Admin No Comments

ISLAMABAD: The interim government spent Rs191 billion on development projects during the first seven months of this fiscal year – a sum that is over Rs300 billion or 61% less than the target and underscores the implications of tough economic conditions. The Ministry of Planning reported on Tuesday that the development expenditures amounted to just…

Business

Govt set to pay $27.5b debt by Nov | The Express Tribune

January 11, 2024 Admin No Comments

KARACHI: The central bank has reported that Pakistan has to pay $27.47 billion in foreign debt and interest cost over one year till the end of November 2024 and arrangements have already been made to pay a large proportion of the debt under the IMF loan programme. Talking to The Express Tribune, Optimus Capital Management…

Business

PSX reaches new highs, crosses 59,000 milestone in intraday trading – SUCH TV

November 24, 2023 Admin No Comments

Continuing its bull run from the preceding sessions, the benchmark index of the Pakistan Stock Exchange (PSX) hit yet another all-time high on Friday and crossed the 59,000 milestone. According to the PSX website, the KSE-100 index stuck 59,402.82 points at 10am, up 502.98 or 0.85 per cent from the previous close of 58,899.84. The…

Business