• Download the Constitution of Pakistan
  • Advertise
Friday, May 23, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

‘Electricity, gas prices to go up if IMF loan program not revived’

by News Publishing
June 12, 2023
in Business
Reading Time: 1 min read
0
‘Electricity, gas prices to go up if IMF loan program not revived’
Share on FacebookShare on TwitterLinkedinWhatsapp

Aisha Ghaus Pasha, State Minister for Finance, stated on Monday that if the loan programme with the International Monetary Fund (IMF) is not revived, energy and gas rates in Pakistan will certainly Increase.

Pakistan’s economy is in disarray due to financial difficulties and a delay in reaching an agreement with the International Monetary Fund (IMF) that would release much-needed cash critical to avoiding default.

Aisa Ghaus Pasha told reporters that budget information had been exchanged with the IMF, adding that talks to complete the ninth review were also underway.

She added that the IMF MD has also assured Pakistan of completing the 9th review with Pakistan as soon as possible, as friendly countries have already assured the fund of external financial support to Pakistan.

In response to a question, Ms. Pasha stated that the IMF will not object to the coalition government’s tax exemption in the FY2023-24 budget. “Tax relief is critical to the recovery of the economy.”

She ruled out the possibility of confiscating foreign money accounts during the economic downturn. “No plans to seize foreign currency accounts in Pakistan.”

Earlier, Prime Minister (PM) Shehbaz Sharif expressed optimism about Pakistan’s chances of reaching an agreement with the International Monetary Fund (IMF) this month, stating that the government has accepted and implemented all of the global lender’s demands.

Tags: ElectricityIMFIMF loan programmelatest
News Publishing

News Publishing

Related Posts

GDP 2025

Pakistan’s Economy Grows 2.4% in Q3 FY2024-25

by Anum Arif
May 20, 2025
0

Pakistan’s economy posted a gross domestic product (GDP) growth of 2.4% in the third quarter (January–March) of the fiscal year...

Agriculture sector being developed on modern lines: PM

Agriculture sector being developed on modern lines: PM

by News Publishing
May 15, 2025
0

Prime Minister Muhammad Shehbaz Sharif has said agriculture sector is being developed on modern lines to achieve agricultural self-reliance. He...

KSE-100 Surges Past 120,000as Ceasefire, IMF Funding, andTax Relief Fuel Market Rally

KSE-100 Surges Past 120,000as Ceasefire, IMF Funding, and Tax Relief Fuel Market Rally

by News Publishing
May 13, 2025
0

The Pakistan Stock Exchange (PSX) extended its historic rally on Tuesday, with the benchmark KSE-100 Index climbing back above the...

PKR and Dollar

PKR Rises Amid Trade Truce Optimism

by Anum Arif
May 12, 2025
0

The Pakistani rupee showed early signs of strength on Monday, appreciating 0.1% against the US dollar in the inter-bank market...

PSX skyrockets nearly 10,000 points as ceasefire lifts investor confidence

PSX skyrockets nearly 10,000 points as ceasefire lifts investor confidence

by News Publishing
May 12, 2025
0

The Pakistan Stock Exchange (PSX) witnessed a historic rally on Monday, with the benchmark KSE-100 index surging over 9% following...

Export of services rises to $6.2bn in July-March

Export of services rises to $6.2bn in July-March

by News Publishing
May 9, 2025
0

Pakistan’s exports of services rose by 9.85% to $6.24 billion during the first nine months (July–March) of fiscal year 2024-25,...

Next Post
Kaaba kiswa raised in preparation for Hajj

Kaaba kiswa raised in preparation for Hajj

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters