As the Pakistani rupee falls against the US dollar for the ninth consecutive day, it is experiencing a difficult time. It began the interbank market at 282, but by 11:30 PM, it…
Tag: IMF
US Dollar vs. Rupee: The Upcoming IMF Review’s Impact on Recovery
Recent volatility versus the US dollar has made news for the Pakistani rupee. Pakistani rupee fluctuates against the US dollar. When it rises, the rupee is stronger than the US dollar; when…
US dollar rises against PKR despite IMF deadlock Politics
During intraday trading today, the value of the Pakistani Rupee (PKR) weakened against the US Dollar (USD). It lost 10 paisas (0.05%) versus the dollar and ended the day at Rs. 223.91….
IMF Will Support Pakistan Weather the Economic Crisis: Miftah
While the Pakistani Rupee (PKR) is now among the worst performing currencies globally, Pakistan is making progress on the IMF loan package to assist the country weather the storm. Thanks to progress…
Pakistan and IMF make a deal on the revival of the bailout
Pakistan secured an agreement with the International Monetary Fund (IMF) on the budget for the fiscal year 2022-23 on Tuesday, marking a significant step forward. Pakistan agreed to a variety of stringent…
IMF demand that FBR Raise Tax Burden on Salaried Employees
Asim Ahmad, chairman of the Federal Board of Revenue (FBR), stated on Tuesday that the International Monetary Fund (IMF) has rejected the Rs. 47 billion tax reduction offered to the salaried class…
Shaukat Tarin said Agreement with the IMF Against the Public Interest
Former finance minister Shaukat Tarin stated on Thursday that the IMF accord will not serve the public interest since the present administration accepted the IMF’s tough requirements, which the PTI government had…
IMF: Pakistan needs to meet a Long List of Requirements
According to an IMF Resident, there is a longer list of requirements that Pakistan must meet in order to get the IMF tranche, including gasoline, energy subsidies, and a huge fiscal deficit….
IMF Deal to Stabilize the PKR, but Significant inflation Increases Expected
The new agreement that was reached with the International Monetary Fund (IMF) ought to play a significant part in maintaining the stability of forex reserves and have a favorable effect on the…
Pakistan finalize an IMF agreement next month: Ismail Miftah
ISLAMABAD: Finance Minister Miftah Ismail said on Saturday that the government and the International Monetary Fund (IMF) will achieve a staff-level agreement next month, in June. The federal government agreed to hike…