ISLAMABAD: Finance Minister Miftah Ismail said the government has successfully averted Sri Lanka-like situation in the country. He also said…
IMF
The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) rose about 900 points in the intraday session on Wednesday…
This astounding recovery is being linked to the improved economic fundamentals as the import bill in July 2022 has been reduced to $4.86 billion, down by 38.31% MoM, compared to $7.88bn in the previous month.
Under the deal with the IMF, the government has to gradually increase PDL on oil products to a maximum of Rs50 per litre to collect Rs855 billion during the current fiscal year.
The Wall Street Journal reports that Ranil Wickremesinghe, the new president of Sri Lanka, indicated on Sunday that the return…
The IMF officials summer vacations are ending on Aug 12 and the IMF Executive Board can hold its meeting before 20th of this month in case recommendations are sent to it by Aug 6
Gen. Bajwa requested the White House and Treasury Department to urge the IMF to expedite the bailout process and immediately release $1.17 billion that Pakistan expects to receive under a resumed loan programme.
Under the deal with the IMF, the government had already levied Rs10 per litre levy on petrol from July. It will be raised by another Rs10 on August 1 until it reaches Rs50 per litre. Miftah’s statement sets aside speculations that the government was not increasing taxes from August due to political crisis.