BeNewz Report WASHINGTON: Pakistan’s finance minister discussed economic reforms and stronger bilateral cooperation with the U.S. Treasury secretary as Islamabad reportedly seeks a $10 billion U.S.-backed exchange stabilization facility. Pakistan’s Finance Minister Muhammad Aurangzeb met U.S. Treasury Secretary Scott Bessent in Washington on Tuesday and discussed Pakistan’s economic reform agenda, …
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Aftab Maken ISLAMABAD: The International Monetary Fund (IMF) has proposed a new set of conditions for resolving Pakistan’s mounting gas sector circular debt, including formally recognizing the financial losses of the country’s two state-owned gas utilities and writing off unrecoverable receivables in their accounts. According to sources, the IMF has …
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BeNewz Report ISLAMABAD: Power sector circular debt climbed to Rs 1.924 trillion by May 31, 2026, significantly overshooting the government’s target and complicating its commitments under the International Monetary Fund (IMF) programme, according to official documents. The Power Division informed the Economic Coordination Committee (ECC) that despite improvements in recoveries, …
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Aftab Maken ISLAMABAD: Pakistan’s economy ended fiscal year 2025-26 on a significantly stronger footing, recording its highest economic growth in four years, single-digit average inflation, and a current account surplus, according to the Finance Division’s Monthly Economic Update & Outlook for June 2026. The report, released by the Finance Division, …
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—Government expected to prioritize debt servicing, defence spending, subsidies and development projects in the upcoming fiscal plan Aftab Maken ISLAMABAD: The federal government is set to present the budget for fiscal year 2026-27 in Parliament on Friday, with the total outlay expected to be around Rs17.5 trillion. The budget is …
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BeNewz Report ISLAMABAD: An International Monetary Fund (IMF) mission led by Ms. Iva Petrova has concluded its staff visit to Islamabad after holding discussions with Pakistani authorities on the country’s economic outlook, fiscal reforms, and budget strategy for fiscal year 2026-27. The IMF delegation remained in Pakistan from May 13 …
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BeNewz Report ISLAMABAD: Pakistan faces stricter IMF conditions as 430 billion rupee tax plan emerges alongside sweeping fiscal tightening, higher energy levies, and expanded revenue enforcement measures affecting next fiscal year’s budget framework. The International Monetary Fund has placed eleven new conditions on Pakistan’s fiscal framework under ongoing economic reforms. …
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–Pakistan raised RMB1.75 bn through its first Panda Bond in China, attracting bids worth more than five times the issue size and signaling renewed investor confidence in the country’s economic recovery and reform agenda Aftab Maken ISLAMABAD: Pakistan on Thursday completed its inaugural Panda Bond issuance in China’s onshore capital …
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Aftab Maken KARACHI: State Bank of Pakistan receives $1.3 billion IMF inflows after third review completion under EFF and RSF, strengthening reserves position amid external financing pressures and ongoing macroeconomic stabilisation efforts. State Bank of Pakistan has received about US$1.3 billion from the International Monetary Fund following disbursements under the …
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Aftab Maken ISLAMABAD: The International Monetary Fund (IMF) Executive Board on Friday approved the latest review of Pakistan’s economic reform programme, paving the way for the release of $1.2 billion in financing under the ongoing bailout arrangement and signaling continued international support for the country’s stabilisation efforts. The approved disbursement …
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