IMF
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IMF hands list of demands for loan revival | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s tax chief hinted on Tuesday at increasing the income tax rates for the upper middle income to rich groups, as the International Monetary Fund (IMF) presented the list of its demands for additional measures that included a surge in personal income tax rates. The IMF had raised objections to reducing the income…
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Pakistan budget needs additional measures to meet goals: IMF | The Express Tribune
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[ad_1] ISLAMABAD: Additional measures will be needed to bring Pakistan’s budget for fiscal year 2022-23 in line with the key objectives of its International Monetary Fund programme, the lender’s resident representative in Islamabad said on Monday. The federal government unveiled a Rs9.5 trillion budget for 2022-23 on Friday aimed at tight fiscal consolidation in a…
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Rupee free fall continues on IMF tranche uncertainty
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[ad_1] A currency dealer can be seen counting Rs500 notes. — AFP/File KARACHI: The rupee continued to slide in the foreign exchange market, dropping by Rs1.64 against the US dollar to hit Rs205.50 during early morning trading on Tuesday. According to the State Bank of Pakistan (SBP), the currency had closed at an all-time low…
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Rupee dips to new low on delay in IMF programme | The Express Tribune
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[ad_1] KARACHI: Pakistani currency maintained its journey towards south, as it lost another 0.74% (or Rs1.51) and touched a new all-time low at Rs203.38 against the US dollar in the inter-bank market on Monday due to renewed uncertainty about the revival of IMF loan programme. The rupee hit an intra-day low at Rs204.50 against the…
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Budgetary figures subject ‘to IMF deal’ | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Miftah Ismail has presented a “provisional” budget of Rs9.5 trillion in the National Assembly that may change in the light of any deal with the International Monetary Fund (IMF), as the government slaps taxes on salaried class people’s expenses on health and life insurance. In a positive development, through the Finance…
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IMF asks govt to reopen CPEC deals | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has asked Pakistan’s government to renegotiate the China-Pakistan Economic Corridor (CPEC) energy deals before making payments of around Rs300 billion to the Chinese power plants, putting Islamabad in a tight spot. The global lender has asked the government to treat the Chinese CPEC power plants at par with…
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‘Very confident’ about IMF deal, says Miftah | The Express Tribune
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[ad_1] Addressing the pre-budget seminar on Tuesday, Finance Minister Miftah Ismail said on Tuesday that he was “very confident” about the deal with the International Monetary Fund (IMF). A day earlier, the minister said that the government did not have any plans to impose a financial emergency in the country or freezing the foreign…
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IMF deal: not beginning of end | The Express Tribune
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[ad_1] KARACHI: While the world is still grappling with the exogenous shocks emanating from the pandemic and then more recently with the Russian invasion of Ukraine, many people back home are still scratching their heads to figure out the rationale behind the brewing home-grown crisis that is now spiralling out of control. As pointed out…
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Rupee will stabilise after IMF deal: Iqbal | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Wednesday said that Pakistan needed a big jump in exports to cope with economic challenges and urged the business community to play a role in boosting exports. He made the remarks after inaugurating the Environment Expo along with Atadjan Movlamov, Ambassador of…
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Market watch: Stocks rise on hopes of IMF loan resumption | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange managed to post decent gains on Monday, as investors opted to assume fresh positions amid fresh hopes for the resumption of the much-awaited International Monetary Fund’s (IMF) loan programme. The benchmark KSE-100 index, after staying in the positive territory throughout the day, added around 179 points to finally settle…
