• Download the Constitution of Pakistan
  • Advertise
WRITE FOR US
Economy.pk
No Result
View All Result
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
No Result
View All Result
Economy.pk
No Result
View All Result
Home Business

Policy rate hike part of IMF agreement: Pasha

by Irsa
June 27, 2023
in Business
Reading Time: 1 min read
Policy rate hike part of IMF agreement: Pasha
Share on FacebookShare on Twitter

An agreement in principle has been struck with the International Monetary Fund (IMF) for an Rs300 billion adjustment, with Rs215 billion in taxes and Rs85 billion in spending cuts.

According to former finance minister Dr. Hafeez Pasha, if the rupee-dollar parity is permitted to be market-based, the FBR’s tax target will be met.

Pasha stated that a 100 basis point hike in the policy rate by the State Bank of Pakistan (SBP) is also part of the agreement.

Former Ministry of Finance advisor Dr Ashfaq Hassan Khan told Business Recorder that all necessary steps had been done to finish the evaluation. The sum of the 9th review would be transferred to Pakistan after the staff-level agreement is established and all of its conditions are completed.

The IMF Executive Board has not scheduled a meeting for Pakistan’s 9th review until July 6, 2023.

According to the IMF Executive Board calendar, the next sessions are slated for June 27, 28, and 29, 2023, followed by meetings on July 5 and 6, 2023; however, Pakistan is not on the agenda, though it could be added if the ninth review is deemed successful.

Tags: IMF AgreementlatestPashaPolicy rateState Bank of Pakistan
Irsa

Irsa

Related Posts

World Bank report reveals Pakistan's poverty rate inrease to 39.4%

World Bank report reveals Pakistan’s poverty rate inrease to 39.4%

Pakistan is facing a major challenge poverty rates are growing and have reached an all-time high of 39.4%! It was...

Pakistan to discuss long-term Russian oil deal next month

Pakistan to discuss long-term Russian oil deal next month

Pakistan will begin discussions with Russia next month to discuss a long-term agreement for importing Russian crude oil, as the...

Azerbaijan launches direct flight operations to Pakistan

Azerbaijan launches direct flight operations to Pakistan

Azerbaijan's national airline announced today that it will begin direct flights to Pakistan. According to sources, Azerbaijan's national airline, AZAL,...

Gold

Gold Rate In Pakistan Today

Gold Rate In Pakistan Today 23 September 2023 On 23 September 2023, the gold Price for One tola of 24-karat...

Railways to shut down Shalimar Express

Railways to shut down Shalimar Express

Pakistan Railways has decided to shut down Shalimar Express once again due to financial crunch. According to sources, the railway...

COAS Munir meets Saudi counterpart, discusses bilateral security matters

COAS Munir meets Saudi counterpart, discusses bilateral security matters

General Asim Munir, Chief of Army Staff (COAS), met with Saudi Arabia's army chief, General Fayyadh Bin Hamed Al Ruwaili,...

Next Post
Asad Umar’s bail extended

Asad Umar’s bail extended

Recent Posts

  • At least 20 injured in Sheikhupura train crash
  • New Zealand expands Green List and these professionals are eligible for fast track residency
  • Ireland Govt announces Paid Postgraduate Scholarships 2024 for international students including Pakistan
  • Gautam Gambhir expects Babar Azam to shine in World Cup
  • IT Ministry Started Preparations For the Launch of 5G Services

Advertisement

Twitter

Economy.pk

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

Categories

  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos

Privacy & Legal

  • Privacy Policy
  • Cookies

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • About
  • Advertise
  • Contact

© 2023 Economy.pk

No Result
View All Result
  • VIDEOS
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2023 Economy.pk