The IMF program includes 22 structural benchmarks, 18 of which the federal government is required to implement, while the State Bank is responsible for the remaining four. The government is prohibited from offering any tax exemptions or issuing net supplementary grants. In the gas sector, the supply of gas to …
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Federal Minister of Finance, Muhammad Aurangzeb, has stated that Chinese ministers have appreciated the discussions with the International Monetary Fund (IMF) and that China will support Pakistan in the IMF board’s approval. He added that without achieving macroeconomic stability, the issues will not be resolved. During a press conference in …
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The federal government has prepared a plan to roll over a $9 billion loan from China and Saudi Arabia for the current fiscal year. Pakistan has over $20.8 billion in payments due, while it has assurances of $10.7 billion in project financing. The briefing mentioned that the government is in …
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