Express
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Is the IMF actually interfering in Pakistan’s politics? | The Express Tribune
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[ad_1] ISLAMABAD: The recent meetings of the International Monetary Fund (IMF) officials with leaders of major political parties have sparked a debate with some people viewing them as the lender’s interference in the country’s internal affairs and an attempt to manipulate its politics. Recently, an IMF team made direct contact with major political parties, including…
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Polls will be held on time, assures IMF | The Express Tribune
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[ad_1] LAHORE: A delegation of the International Monetary Fund (IMF) has assured former prime minister and PTI Chairman Imran Khan that general elections in Pakistan will be held on time. On Friday, officials of the global money lender held a meeting with the PTI chief at his Lahore’s Zaman Park residence with Mission Chief Nathan…
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Govt staff PF profit rate upped | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has approved an increase in the rate of profit of the provident fund of its employees. According to the finance ministry, the profit rate of the provident fund has now been increased to 14.22% for the current fiscal year. It pointed out that the profit rate in the financial year…
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IMF assured of $8b external payments | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has provided the International Monetary Fund (IMF) with a financing plan for external payments, in which Islamabad has informed the global lender that it will arrange $8 billion for the purpose instead of $6 billion. According to sources in the finance ministry, the IMF had asked Pakistan for assurances of $6 billion…
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World food prices fall to lowest in 2 years | The Express Tribune
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[ad_1] ROME: The United Nations food agency’s world price index fell in June to its lowest level in more than two years, pushed down by a drop in the cost of sugar, vegetable oils, cereals and dairy products. The Food and Agriculture Organisation’s (FAO) price index, which tracks the most globally traded food commodities, averaged…
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Fertiliser sector shifts impact of duties, taxes | The Express Tribune
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[ad_1] KARACHI: The fertiliser sector has shifted the weight of duties and taxes onto consumers by raising prices of urea and di-ammonium phosphate (DAP). In the Finance Bill 2023, the fertiliser sector has faced the imposition of taxes and duties, which have now been passed on to consumers. Federal excise duty (FED) was set at…
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Foreign exchange reserves rise to $4.4b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) saw a significant surge of 9.6% on a week-on-week basis, as reported by data released by the SBP on Thursday. As of June 30, the SBP’s foreign currency reserves reached $4.4 billion, recording an increase of $393 million compared to $4.06…
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Two new blocks awarded for oil, gas search | The Express Tribune
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[ad_1] KARACHI: The government has provisionally awarded two new blocks to a leading state-owned oil and gas exploration firm in an effort to find fresh large hydrocarbon deposits and reduce reliance on energy imports. Oil and Gas Development Company Limited (OGDCL) reported to the Pakistan Stock Exchange (PSX) that the government had provisionally awarded it…
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Dar briefs Blome about IMF deal | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Ishaq Dar on Wednesday briefed US Ambassador Donald Blome about successfully reaching the staff-level agreement with the International Monetary Fund (IMF). According to a statement issued by the finance ministry, the discussion was made via phone call in a meeting between the US ambassador with the finance minister. The two exchanged views about…
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Middle Eastern firms push IPO plans to 2024 | The Express Tribune
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[ad_1] DUBAI: Several Middle Eastern companies are planning initial public offerings (IPOs) in 2024 instead of this year, a senior Bank of America executive said, amid worries of a global recession. The global IPO market has been in the doldrums since the start of the Russia-Ukraine conflict in 2022 and a spike in inflation dampened…
