IMF Urges Pakistan to Raise GST on Essential Items, Including Medicines and Petroleum, to 18%

The International Monetary Fund (IMF) has recommended that the newly-elected government of Pakistan implement an 18% General Sales Tax (GST) ...

Govt Gets $6.3 Billion in Foreign Loans in First Seven Months of Current Fiscal Year

by News Publishing

24/02/2024

0

Pakistani authorities have successfully secured approximately $6.3 billion in foreign loans during the first seven months of the current fiscal ...

IMF downgrades Pakistan’s 2024 growth estimate to 2pc

by News Publishing

30/01/2024

0

The International Monetary Fund (IMF) has downgraded Pakistan’s growth estimate for fiscal year 2024 to two per cent, according to ...

State Bank of Pakistan’s (SBP) Monetary Policy Committee Monday announced maintaining the status quo, leaving the key policy rate unchanged at 22%. The MPC's decision to maintain the key policy rate — for the fifth time in a row — is in line with market expectations as high inflation persists due to the rise in energy prices. In a concerning update, SBP Governor Jameel Ahmad stated during a press conference in Karachi that inflation remains elevated, necessitating an upward revision of the annual target to 23-25%. The decision to keep the rate status quo is the last under the caretaker government before the country's general election next month. It also comes in the midst of Pakistan's $3 billion Standby Arrangement (SBA) with the International Monetary Fund (IMF).

SBP maintains interest rate at 22%

by News Publishing

29/01/2024

0

State Bank of Pakistan’s (SBP) Monetary Policy Committee Monday announced maintaining the status quo, leaving the key policy rate unchanged ...

IMF's Executive Board to consider Pakistan's case for $700m tranche on Jan 11

ECC Approves Rs 272 Billion in TSG’s despite IMF agreement

by News Publishing

27/01/2024

0

The Economic Coordination Committee of the Cabinet has sanctioned approximately Rs 272 billion as technical supplementary grants (TSGs) for the ...

Fitch Ratings: Pakistan continue to rely on the IMF for next few years

by News Publishing

25/01/2024

0

The agency states that there is a greater likelihood of election results impacting credit profiles in Pakistan. Fitch Ratings, an ...

Pakistan Set to Launch Online Forex Trading Platform by January 2024

by News Publishing

22/01/2024

0

Pakistan is gearing up to launch an online forex trading platform by the end of January 2024, in adherence to ...

Pakistan Shares Plan with IMF to Boost Petroleum Levy Collection

by News Publishing

22/01/2024

0

The Pakistani government has presented a plan to the International Monetary Fund (IMF) aimed at enhancing the collection of taxes ...

Pre-poll tensions may hit Pakistan’s policy decisions, reforms: IMF

IMF Says Pre-poll tensions may hit Pakistan’s policy decisions, reforms

by Web Desk

21/01/2024

0

The International Monetary Fund (IMF) has raised concerns about growing risks to Pakistan's economy, citing geopolitical conflicts in Gaza and ...

Pakistan Receives $700 Million as Next Installment from IMF

by Web Desk

17/01/2024

0

The State Bank of Pakistan (SBP) Governor, Jameel Ahmed, announced on Wednesday that Pakistan has received $700 million from the ...

Tag: IMF