IMF
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Pakistan to achieve macroeconomic stability with IMF deal: Aurangzeb
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[ad_1] Finance Minister Muhammad Aurangzeb speaks during an interview with AFP at the Embassy of Pakistan in Washington, DC on April 15. — AFP ISLAMABAD: Finance Minister Muhammad Aurangzeb on Saturday said that Pakistan will achieve macroeconomic stability with the help of a newly signed agreement with the International Monetary Fund (IMF). The minister’s remarks…
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Pakistan, IMF reach SLA on new $7bn loan deal
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[ad_1] The International Monetary Fund’s (IMF) logo. — AFP/File WASHINGTON: In a major development, Pakistan and the International Monetary Fund (IMF) reached a three-year, $7 billion aid package deal, giving much-needed respite to the cash-strapped country, the Washington-based institution said on Friday. The new program, which needs to be validated by the fund’s Executive Board,…
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Finance czar hopeful of reaching deal with IMF this month
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[ad_1] Pakistani Finance Minister Muhammad Aurangzaib poses after taking oath in Islamabad, Pakistan March 11, 2024. — Reuters ISLAMABAD: Finance Minister Muhammad Aurangzeb on Thursday said Pakistan would reach a reach a staff-level-agreement with the International Monetary Fund (IMF) this month as the talks between Islamabad and the global lender on the new bailout programme…
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IMF proposes 45% tax on agriculture income | The Express Tribune
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[ad_1] ISLAMABAD: As Pakistan seeks a multibillion-dollar bailout from the International Monetary Fund (IMF) to stabilise its chronically ailing economy, the global lender has suggested imposition of a standard individual income tax rate of up to 45% on agriculture income – something that may end the disparity in income tax regime without the need to…
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Hike in taxes ‘must to break IMF bailout cycle’ | The Express Tribune
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[ad_1] Finance Minister Muhammad Aurangzeb has warned that the country would continue seeking financial assistance packages from the International Monetary Fund (IMF) if the government failed to significantly boost its tax revenues. Speaking to a UK publication, the minister said he was “relatively confident” of reaching a staff-level agreement with the IMF this month for…
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New IMF deal on cards as Pakistan ‘fulfils all requirements’
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[ad_1] This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. — AFP KARACHI: The Pakistan Muslim League-Nawaz (PML-N)-led coalition government hopes to secure an International Monetary Fund (IMF) bailout of more than $6 billion “in the next three to four weeks,” after fulfilling the…
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Modest CPI, IMF talks propel PSX higher | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) concluded the first day of the new fiscal year on a promising note with gains of nearly 380 points, influenced by economic developments and sector-specific news. In the morning, trading remained lacklustre, when the KSE-100 index reached the intra-day low of 78,427.79 points. However, as the day progressed, the…
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‘Very optimistic’ Aurangzeb eyes IMF deal after tax-heavy budget approved
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[ad_1] Finance Minister Muhammad Aurangzeb addressing the press conference in Islamabad, on June 30, 2024. — Screengrab/GeoNews Finance Minister Muhammad Aurangzeb Sunday expressed optimism about Pakistan’s chances of securing a new IMF bailout, following President Asif Ali Zardari’s approval of the tax-intensive budget for the upcoming fiscal year starting July 1. The finance minister, during…
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Budget 2024-25 wins IMF praise amid calls for more fiscal tightening | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has praised the stringent economic measures outlined in the budget, citing them as essential for economic stability, according to sources. The sources also reveal that there has been progress in the talks between Pakistan and the IMF. The Fund, they said, has welcomed the tough economic decisions in…
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NA passes tax-heavy budget as Pakistan looks to secure new IMF deal
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[ad_1] Finance Minister Muhammad Aurangzeb addressing on the floor of the National Assembly, on June 28, 2023. — Facebook/@NationalAssemblyOfPakistan ISLAMABAD: The National Assembly on Friday passed the tax-heavy Finance Bill 2024 as the government seeks to secure the new International Monetary Fund (IMF) bailout package by fulfilling its requirements. The budget, for the fiscal year…
