The board of executive of the IMF has expected to meet in the third week of August to consider loan approval for Pakistan and by that time the US dollar might extend its value around 270 rupees.
IMF
The federal cabinet approved the enforcement of power tariff rebasing on Tuesday in three phases, starting from July 2022. With the August bills, the power consumers will see the painful impact of partial rebasing of tariff.
WASHINGTON: The IMF’s top economist said Tuesday that while the global economy is in danger of slowing, the most important issue for policymakers is to control rising inflation.
By 2022, things were getting worse as risks started to come true. China and Russia both had slowdowns in the…
Finance Minister said that Pakistani rupee’s depreciation was a global phenomenon and the value of PKR would strengthen in the days ahead.
Finance Minister Miftah Ismail said that Pakistan was expecting $9 billion as budgetary/project loans and there would be a separate amount from the IMF as well.
PM congratulated the Ministry of Finance and Foreign Office teams, Finance Minister Miftah Ismail and Minister for Foreign Affairs Bilawal Bhutto Zardari, for their efforts in getting the IMF programme revived.
During interbank trade on Thursday morning, the rupee increased by Rs1.6 to the dollar. Analysts generally attribute the rebound to…