IMF
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Tax exemptions of Rs50b defy IMF | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has granted a Rs50 billion annual income tax exemption to two government departments, violating the International Monetary Fund (IMF) programme and its own tax law. This decision faced resistance from tax authorities despite being approved through two Acts of Parliament. Official documents show that the Pakistan Civil Aviation Authority (PCCA) and Pakistan…
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Pakistan to discuss Extended Fund Facility with IMF next month | The Express Tribune
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[ad_1] ISLAMABAD: The matter of an Extended Fund Facility (EFF) with the International Monetary Fund (IMF) will be discussed in Washington next month, Finance Minister Muhammad Aurangzeb said on Friday, as the country looks to alleviate a full-scale economic crisis. The standby $3 billion arrangement with the global lender expires on April 11, and the…
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Pakistan reaches staff-level agreement with IMF
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[ad_1] — AFP/File ISLAMABAD: Talks between Pakistan and the International Monetary Fund (IMF) have successfully reached staff-level agreement for the final review part of the $3 billion Stand-By Arrangement (SBA). “The IMF team has reached a staff-level agreement with the Pakistani authorities on the second and final review of Pakistan’s stabilisation program supported by the…
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PSX under pressure over IMF talk concerns | The Express Tribune
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[ad_1] KARACHI: Turbulence and uncertainty marred the outgoing week at Pakistan Stock Exchange (PSX), as the market underwent a bearish spell by closing four out of five sessions in the red. Uncertainty about securing a new, longer-term loan package in negotiations with the International Monetary Fund (IMF) kept the KSE-100 index under constant pressure. The…
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IMF asks Pakistan to revisit NFC award | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) on Thursday called upon Pakistan to reopen discussions on the National Finance Commission (NFC) award, seeking to address the ongoing imbalance in the distribution of fiscal resources between federal and provincial governments. During the opening round of discussions for a $1.1 billion loan tranche, Nathan Porter, the IMF…
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Pakistan ‘meets all targets’ ahead of IMF second review of $1.1bn tranche
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[ad_1] The International Monetary Fund’s (IMF) building in Washington, United States. — AFP/File Ahead of the International Monetary Fund (IMF) mission’s visit to Pakistan from March 14 to 18, the finance ministry announced that it met all targets for successful completion of the programme. “Pakistan has met all Structural Benchmarks, Qualitative Performance Criteria and Indicative…
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Aurangzeb ‘better choice’ to manage Pakistan’s economy ahead of IMF talks: analysts
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[ad_1] Muhammad Aurangzeb officially takes over the responsibility as Finance Minister of Pakistan in Islamabad, on March 11, 2024. — Ministry of Finance Analysts termed former JPMorgan banker Muhammad Aurangzeb as a “better choice” to manage the country’s economy ahead of the crucial negotiations with the International Monetary Fund (IMF) for a fresh bailout package…
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‘Ready’ to work with new govt, IMF says after receiving PTI letter
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[ad_1] Logo of the IMF can be seen in this undated picture. — AFP/File ISLAMABAD: The International Monetary Fund (IMF) on Friday stated that it was ready to work with the Shehbaz Sharif government on the development of a new medium-term economic program, ignoring Pakistan Tehreek-e-Insaf’s (PTI) demand for an audit of election results. A…
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IMF refuses to be entangled in Pakistan’s electoral dispute | The Express Tribune
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[ad_1] ISLAMABAD: The Pakistan Tehreek-e-Insaf’s (PTI) attempt to block the next multi-billion-dollar bailout package backfired on Friday after the International Monetary Fund (IMF) refused to interfere in Pakistan’s politics but encouraged the country to hold fair resolution of all electrical disputes. PTI founder Imran Khan had penned a letter to the IMF, urging the global…
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Pakistan faces default risks sans IMF deal: Fitch
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[ad_1] Board outside International Monetary Fund (IMF). —AFP Amid prevailing political uncertainty following the February 8 general elections marred by rigging allegations, Fitch Ratings has highlighted the default risks that Pakistan faces if it fails to secure the next bailout package by the International Monetary Fund (IMF). The global rating agency said on Monday that…
