Jihad Azour, director of IMF Middle East and Central Asia Department, told journalists that the talks between the Fund and the Pakistan government on the sixth review of the $6 billion Extended Fund Facility had progressed to a “very good step”.
Economy
In the month of Sept-2021, the quantum of current account deficit has squeezed in comparison with Aug-2021
hanar Sugar Mills owner Javed Kayani, Shakar Ganj Sugar Mills owner Pervez Ahmed and two general managers have been arrested while police are conducting raids to nab the owner of Pasrur Sugar Mills.
Pakistan is seeking payment of $1 billion from the IMF under the bail out package
The government has further increased domestic petrol and diesel prices in a bid to pass on to consumers increase in international crude oil prices which have surged to $85/barrel
The cabinet has approved increase in power tariff through circulation summary.
Earlier, NEPRA had increased power tariff by Rs1.95 per unit on account of FCA for August 2021.
GST exemptions on basic food items and medicines to be protected.
Tarin expected to meet IMF’s Managing Director (MD) Kristalina Georgieva today.
“Progress we have made to date is really encouraging,” says Shaukat Tarin on IMF negotiations.
PM Imran Khan chairs meeting of National Coordination Committee (NCC) on Housing, Construction and Development.
Reviews progress made on existing and new projects under Naya Pakistan Housing and Development Authority (NAPHDA) programme.
Meeting briefed on digitisation of state land record.