IMF
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IMF proposes high income tax | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has proposed to tax the upper middle and rich income groups, who earn in the range of Rs104,000 to Rs1 million a month, at a single rate of 30%. The proposal indicates inequity in taxation as a majority of the salaried Pakistanis will be worse off amid double-digit…
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Russia default would have ‘limited’ global impact: IMF | The Express Tribune
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[ad_1] WASHINGTON: The consequences for the global financial system if Russia cannot pay its foreign debts are likely to be “limited,” a senior IMF official said Tuesday. The United States and its allies have imposed tough financial sanctions on Russia in retaliation for its invasion of Ukraine, but Moscow so far has made debt payments.…
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‘ADB’s support different from IMF’ | The Express Tribune
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[ad_1] LAHORE: The funding of the Asian Development Bank focus on SMEs, women entrepreneurship and eradication of poverty, said Asian Development Bank Vice President Shixin Chen. Speaking to the business community at the Lahore Chamber of Commerce and Industry on Friday, he said that ADB was supporting incubation centers besides focusing on public-private partnership. “ADB’s…
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IMF terms Fed tightening appropriate | The Express Tribune
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[ad_1] The US Federal Reserve is acting “appropriately” to tighten monetary policy and signal a higher future rate path, but the policy shift does bring risks for emerging market countries dependent on dollar funding, IMF spokesman Gerry Rice said on Thursday. Speaking at a regular IMF news conference a day after the Fed raised interest…
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Impasse with IMF over PM’s tax amnesty | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Friday could not break its impasse with and the International Monetary Fund (IMF) over Prime Minister Imran Khan’s tax amnesty scheme and his Rs246 billion relief package. However, the finance ministry said the global lender had agreed to extend talks for another day. The negotiations could not be concluded by…
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Sri Lanka to start talks with IMF on debt restructuring | The Express Tribune
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[ad_1] COLOMBO: Sri Lanka will begin talks with the International Monetary Fund (IMF) next month on a plan to help the crisis-hit country, including assistance with debt restructuring and managing its foreign exchange shortage, three sources said on Friday. Sri Lanka is facing its worst financial crisis in years. With foreign exchange reserves standing at…
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IMF says Ukraine war will have ‘severe impact’ on global economy | The Express Tribune
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[ad_1] WASHINGTON: The International Monetary Fund on Saturday said it expected to bring Ukraine’s request for $1.4 billion in emergency financing to its board for approval as early as next week and was in talks about funding options with authorities in neighbouring Moldova. In a statement, the global lender said the war in Ukraine was…
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Pakistan, IMF to begin talks today | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and the International Monetary Fund (IMF) will begin talks today (Friday) for the next $960 million loan tranche and have set the first session for discussion on the new budget and impact of deviation from prudent economic policies. The new IMF mission chief and his team will join the talks virtually from…
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Should IMF define Pakistan’s economic policies? | The Express Tribune
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[ad_1] ISLAMABAD: The latest IMF Country Report on Pakistan is out, and $1 billion are in. The report’s language is largely critical and cautionary. Whether one agrees with the IMF programme or not, one thing is clear – Pakistan’s economic direction, policy discussions and targeted reforms are all driven by the agreement with the IMF.…
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Tarin says must avoid ‘begging’ IMF for loans | The Express Tribune
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[ad_1] KARACHI: Finance Minister Shaukat Tarin on Saturday stressed the need to revive the country’s economy in order to avoid approaching the International Monetary Fund (IMF) and other countries to “beg” for loans. “We want to get out of the circle of repeatedly going to the IMF and other countries to beg for loans,” the…
