Pakistans
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IMF executive board to approve Pakistan’s $1.1 billion tranche next week
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[ad_1] IMF headquarters in Washington, US. — AFP/File The International Monetary Fund’s (IMF) executive board will hold its meeting on April 29 to review the approval of $1.1 billion funding for Pakistan under the $3 billion Stand-By Arrangement (SBA), Reuters news agency quoted the global lender as saying on Wednesday. Pakistan and the IMF reached…
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FinMin Aurangzeb discusses Pakistan’s reform agenda with US State Dept’s Donald Lu
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[ad_1] Assistant Secretary Donald Lu (left) and Principal Deputy Assistant Secretary Elizabeth Horst of US State Department meet Finance Minister Mohammad Aurangzeb at the World Bank headquarter in Washington on April 18, 2024. — X/@Financegovpk WASHINGTON: A high-level meeting between Finance Minister Muhammad Aurangzeb and United States State Department Assistant Secretary Donald Lu discussed Pakistan’s…
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World Bank projects Pakistan’s economic growth at just 1.8% in FY24
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[ad_1] An undated image of World Bank Headquarters in Washington DC. — AFP With nearly 40% of Pakistan’s population slipped below the poverty line amid skyrocketing inflation, the World Bank (WB) on Tuesday projected cash-strapped nation’s economy to grow by only 1.8% in the current fiscal year ending June 2024. According to World Bank’s latest…
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Overhauling Pakistan’s tax system | The Express Tribune
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[ad_1] KARACHI: I A Mayburov (2007) defines the Tax System as ‘a system that is a principle-based integral unity of its main interconnected and interrelated elements. These elements are the regulatory legal basis of taxation, the set of taxes and fees, the payers of taxes and fees, and the mechanism of tax administration’. Considering these…
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Business tycoon Mian Mansha, others recognised as Pakistan’s highest taxpayers
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[ad_1] Prime Minister Muhammad Shehbaz Sharif presents awards to the highest taxpayers and exporters of the country at the Tax Excellence Awards 2024, in Islamabad on March 26, 2024. — PID Pakistan’s compliant taxpayers — including traders and businessmen — were lauded and rewarded for their positive contribution to the country’s economy during the Tax Excellence Awards…
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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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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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Moody’s upgrades Pakistan’s banking sector outlook to ‘stable’ | The Express Tribune
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[ad_1] Moody’s Investors Service has upgraded the outlook of Pakistan’s banking sector from ‘negative’ to ‘stable’, citing easing macro challenges and fiscal pressures. In its report, the agency highlighted the solid profitability and stable funding of banks, which provided a buffer against the country’s macroeconomic challenges and political uncertainties. The report forecasts a modest growth…
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Pakistan’s mobile industry produces 84.4m devices defying economic woes
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[ad_1] A representational image of a mobile shop in Pakistan. — AFP/File Despite worrying economic indicators and financial woes that have gripped Pakistan, the country’s mobile industry has managed to defy the odds stacked against it by producing an impressive 84.4 million mobile devices between January 2019 and September 2023. The revelation, made in a Pakistan…
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Imran Khan top pick for Pakistan’s economic revival: Bloomberg Survey
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[ad_1] (From left) PML-N supremo Nawaz Sharif, PTI founder Imran Khan and PPP Chairman Bilawal Bhutto-Zardari. — AFP/X/@ForeignOfficePk/File Pakistan’s top economic minds have placed their bets on former prime minister Imran Khan to steer the country out of the economic crisis after undertaking reforms, according to a Bloomberg survey. The Pakistan Tehreek-e-Insaf (PTI) founder, who…
