For the seventh review under the Extended Fund Facility (EFF), Pakistan and the IMF will begin virtual parleys on Friday (today), where the PM’s relief package and the granting of another tax…
Tag: IMF
IMF: Pakistan’s economy is at a decision point once again
ISLAMABAD: The International Monetary Fund (IMF) has said that the PTI-led government’s expansionary policies and reversal of a number of previously started measures to stimulate development have resulted in external imbalances, emphasizing…
Dollar to PKR: On IMF payout, the rupee recovers sharply
KARACHI: On Thursday, the Pakistani rupee gained 89 paisas versus the dollar after the International Monetary Fund (IMF) board authorized a transfer of more than $1 billion to Pakistan. In the interbank…
IMF Executive Board Conduct the 6th Review of Pakistan s’ Economy today
ISLAMABAD: On Wednesday, the Executive Board of the International Monetary Fund (IMF) will meet in Washington to examine Pakistan’s economy. After receiving a request from the Pakistani authorities, the Sixth Review and…
FBR defies the trend by failing to meet its sales goal for January 2022
ISLAMABAD: According to The News on Tuesday, the Federal Board of Revenue (FBR) failed to meet its money collection goal of Rs457 billion for January 2022, falling short by Rs27 billion, defying…
IMF extends relief efforts for another 18 months due to covid
The International Monetary Fund said on Thursday that it would extend its flexible access to emergency finance for another 18 months to assist countries hit hard by the Covid-19 epidemic. The executive…
KSE-100 begins with a negative bias today
Pakistani equities started the day on a downbeat note, with the KSE-100 index down 32.13 points, or 0.07 percent, in the first hour of trade. On Friday, the Pakistan equities market went…
PSX: benchmark index rises nearly 1,200 points
KARACHI: The Pakistan Stock Exchange (PSX) saw bullish trade on Monday as market concern about the IMF plan and Saudi Arabia’s $3 billion fund progressively dissipated. The KSE-100 index moved steadily higher,…
PSX is off to a bad start this week as it enters rollover week
KARACHI: Despite a slew of bullish triggers, the Pakistan Stock Exchange (PSX) started the rollover week on a gloomy note, as the market succumbed to selling pressure. The confirmation of a staff-level…
Pakistan and the IMF Decide on the Release of still most $1 Billion
ISLAMABAD: Adviser to Prime Minister on Finance Shaukat Tarin revealed on Monday that Pakistan and the International Monetary Fund (IMF) have achieved a staff-level agreement, with the latter releasing approximately $1 billion…