Thursday, May 13, 2021
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Pakistan asks IMF to slash FBR’s collection target from Rs5.9tr to Rs5.5tr

Pakistan has asked the International Monetary Fund (IMF) to reduce collection target from Rs5.9trillion to Rs5.5tr for the upcoming budget. The major reason for...

Tareen wants to renegotiate IMF deal, opposes hike in power tariff

ISLAMABAD: Federal Finance Minister Shaukat Tareen has termed the International Monetary Fund’s (IMF) demand for increase in electricity tariff “unjustified”, hinting at “renegotiations” with the global...

New World Bank conditions for $1.5bn loan puts government in difficult position

ISLAMABAD: The World Bank has set strict prerequisites for $1.5 billion lendings. The conditions include an increase in electricity rates, the introduction of new...

Govt told IMF people will start using solar energy in case of power tariff hike: Tabish Gauhar

The government has postponed a hike in power tariffs fearing it will push people towards alternative energy resources, particularly solar energy. Special Assistant to the...

IMF asks Pakistan to do more to end money laundering, strengthen forex reserves

International Monetary Fund (IMF) representative Teresa Daban Sanchez has asked to Pakistan to take action to curb money laundering and increase its revenue generation...

IMF happy at Pakistan’s response to health, economic crisis

International Monetary Fund (IMF) Managing Director Kristalina Georgieva expressed her happiness at “Pakistan’s response to the health and economic crisis.” She tweeted that she had...

Pakistan likely to see $3bn boost in forex reserves at IMF

KARACHI: Pakistan may receive an amount of $2.5 to $3 billion from the International Monetary Fund (IMF) under the Special Drawing Rights (SDRs) in...

IMF demands reforms in Sales Tax, Income Tax regime, market-based exchange rate

The International Monetary Fund (IMF) has demanded reforms in the Sales Tax and Income Tax regimes while stressing the need of maintaining a market-based...

Pakistan to benefit from $650 billion increase in IMF reserves

KARACHI: The finance ministers of the developed countries have agreed to boost the International Monetary Fund (IMF) reserves by adding $650 billion -- a...

IMF predicts 4 per cent growth rate for Pakistan in 2022

The International Monetary Fund has projected Pakistan's GDP growth rate at 4 per cent in 2022 from a projected rate of 1.5 per cent...

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