Tag Archives: IMF

Finance Minister Senator Muhammad Aurangzeb concluded the fourth day of his visit to Washington, for the Spring Meetings of the International Monetary Fund (IMF) and the World Bank with significant progress on economic diplomacy, said an official statement of the finance Ministry here on early Friday morning. The visit featured …

A consortium of 15 banks has agreed to lend the federal government Rs 1,272 billion to help eliminate further piling up of circular debt in the power sector. According to details, the consortium is prepared to provide the loan at an interest rate 0.9% lower than the market rate. The …

Finance Minister Muhammad Aurangzeb has emphasized that industrialists and traders play a vital role in the country’s development, asserting that the ultimate goal is to benefit the common man. He stated that once Pakistan achieves self-sustainability, the current loan program from the International Monetary Fund (IMF) will be the last. …

According to the Asian Development Bank (ADB), Pakistan’s economic growth rate is expected to remain at 2.5% in the fiscal year 2025. ADB report further said, it was noted that the growth rate could rise to 3% in the fiscal year 2026. The country’s economic situation has shown signs of …

Federal Finance Minister Muhammad Aurangzeb, during a press conference in Islamabad, stated that the IMF delegation visiting Pakistan will not engage in discussions regarding the budget. He emphasized that a significant reduction in the interest rate has already taken place, and in his view, there is still room for further …

The Ministry of Finance has advertised some of the posts to operationalize the Tax Policy Office (TPO) in response to the IMF’s requirements, taking a significant step forward by advertising key positions for recruitment. The office will see the appointment of a director general alongside five directors. The Director General …

Governor of the State Bank of Pakistan, Jameel Ahmed, has stated that virtual discussions with the International Monetary Fund (IMF) are ongoing, and a staff-level agreement is expected to be finalized soon. Speaking with the media on Wednesday after the Public Accounts Committee (PAC) meeting at the Parliament House, he …

Federal Minister for Privatization, Board of Investment, and Communications, Abdul Aleem Khan, in a special conversation regarding the privatization of Pakistan International Airlines (PIA), stated that all concerns of the interested parties have been properly addressed. He further emphasized that the government has decided to incorporate changes based on the …

The review talks between Pakistan and the International Monetary Fund (IMF) have commenced, focusing on the $7 billion loan program. These discussions, which are the first review under this agreement, will take place in two phases. The initial phase will consist of technical-level talks, during which Pakistan and the IMF …

The Federal Board of Revenue (FBR) has reported an interim revenue shortfall of Rs 601 billion during the first eight months (July to February) of the current fiscal year 2024-25. In February alone, the shortfall stood at Rs 133 billion. On Friday night, a senior FBR official revealed that during …