India’s August retail inflation stays below 4% for second consecutive month | The Express Tribune
NEW DELHI: India’s August retail inflation remained below the central bank’s target of 4% for the second consecutive month, but vegetable prices continued to soar, dampening hopes of a dovish stance in the next monetary policy meeting. Annual retail inflation was at 3.65% in August, higher than the revised 3.60% in July and economists’ forecast of 3.5%. India’s […]
FinMin optimistic of securing $7bn IMF loan deal this month
Finance Minister Muhammad Aurangzeb speaks during an interview. — APP/File Minister for Finance and Revenue Senator Muhammad Aurangzeb has exhibited confidence in the International Monetary Fund’s (IMF) Board of Directors that it will approve the staff-level agreement with Pakistan by the end of August. Addressing the “Climate Action for Pakistan” event organised by Acumen Pakistan […]
Finance czar hopeful of reaching deal with IMF this month
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 progressed […]
Pakistan to discuss Extended Fund Facility with IMF next month | The Express Tribune
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 two […]
PSX to auction T-bills, PIBs from next month | The Express Tribune
KARACHI: Pakistan Stock Exchange (PSX) is all set to facilitate the auction of government debt securities (GDS) like T-bills and Pakistan Investment Bonds (PIBs) and allow the general public to invest in these products smoothly. Briefing media on the planned launch of its GDS platform next month, PSX MD and CEO Farrukh H Khan on […]
Gas tariff to be increased for fertilisers from this month
A farmer sprinkles fertiliser in a field. —APP/File ISLAMABAD: The government is likely to hike the gas tariff for fertiliser producers from this month to fulfil a key demand of the International Monetary Fund (IMF) of controlling circular debt, Geo News reported citing sources. Officials told Geo News, on the condition of anonymity, that three ministries […]
Inflation slows to 28.3% for second month in a row
A woman checks the smell of rice at a market in Karachi on June 10, 2020. — AFP The headline inflation witnessed a decline for the second consecutive month in July, the Pakistan Bureau of Statistics (PBS) data revealed on Tuesday. The Consumer Price Index-based inflation (General) was 28.3% on a year-on-year basis in July […]
Inflationary spiral feared in UK as job vacancies surge for 5th straight month
UK employers are having a hard time hiring the required staff. — AFP/File A rise in inflation is being feared in the United Kingdom as job vacancies in the country surged for five months consecutively, signaling wage growth and tightness in the labour market, Bloomberg reported. The data given in Adzuna, an employment website, cited […]
PM Shehbaz confident of securing agreement with IMF this month
Prime Minister Shehbaz Sharif addresses during his visit of Sabzazar Sports Complex in Lahore on June 11, 2023.— PID Prime Minister Shehbaz Sharif Sunday hoped to break the stalemate with International Monetary Fund (IMF) as all the preconditions had been met already. Addressing the inaugural ceremony of Sabzazar Sports Complex in Lahore, PM Shehbaz, while […]
Pakistan to seal IMF deal this month: PM Shehbaz
Prime Minister Shehbaz Sharif. — AFP/File Prime Minister Shehbaz Sharif on Monday expressed hope that Pakistan would finalise the much-awaited loan deal with the International Monetary Fund (IMF) this month. In an exclusive interview with Turkish news agency Anadolu, the premier said the ninth review by the IMF will match all terms and conditions, adding, […]