Friday, December 9, 2022
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Tag: IMF

Under IMF pressure: Will SBP raise interest rate to 20%?

In a worrisome prediction, an analyst associated with JP Morgan has warned that the State Bank of Pakistan could hike interest rate by another...

No headway in talks between Pakistan, IMF on bailout plan

Talks between Pakistan and the International Monetary Fund (IMF) are at a stalemate with global lender pushing Islamabad on policies and reforms needed to...

Govt meets key IMF demand, doubles petroleum levy on high-speed diesel

After showing a lot of hesitance, the government went ahead with the increase in the petroleum levy on high-speed diesel to almost double it...

Unsatisfied IMF seeks additional details of spending plans

The International Monetary Fund (IMF) has remained unsatisfied with the revenue and spending plans shared by Pakistan and has sought additional information, including details...

Impasse in Pakistan, IMF talks may delay release of $1bn tranche

Pakistan and the International Monetary Fund (IMF) talks linger on as the two sides so far could not strike a broader agreement on a...

IMF asks Pakistan to reduce expenses before ‘talks’ on 9th review

The International Monetary Fund (IMF) has asked Pakistan to reduce expenses before talks on the ninth review of a $7 billion loan programme, local...

Pakistan needs swift finalisation of flood recovery plan for support: IMF

The IMF has said that Pakistan requires timely finalisation of a recovery plan from devastating floods to support discussions and continued financial support from...

Rupee goes south as market fears Pakistan’s default risk

The rupee continued getting weaker on Friday and closed at 223.17 against the US dollar in interbank trading as the uncertainty surrounding the ninth...

KSE-100 Index gains 187 points, closes at 42,983.75

It was a good day for traders at the Pakistan Stock Exchange as the KSE-100 Index closed in the green zone on Wednesday, gaining...

IMF pushes for Rs600bn additional taxes, formation of anti-corruption task force

Despite healthy momentum in revenue generation, the International Monetary Fund (IMF) has asked Pakistan to impose roughly Rs600 billion in additional taxes and again...

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