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…
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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…
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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…
Read More “Govt set to pay $27.5b debt by Nov | The Express Tribune” »
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…
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The International Monetary Fund (IMF) has asked Pakistan for a report on the losses incurred by state-owned enterprises. During the ongoing talks between the two sides as part of an economic review, the Finance Ministry asked the visiting Fund delegation for time till December 2023, according to sources. During a meeting on Monday, the IMF…
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The International Monetary Fund (IMF) on Thursday transferred US$1.2 billion to State Bank of Pakistan (SBP) out of total $3 billion under the Stand-By Agreement (SBA) that was approved by the IMF board the previous day. Talking to media persons, Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar said that the balance amount…
Read More “Pakistan receives first installment of $1.2bn from IMF: Dar – SUCH TV” »
