IMF, WB step up pressure on government for hike in power tariff.
World Bank links its $1 billion credit loan for energy projects with an increase in power tariff from January 1, next year.
World Bank mission told that PM very sensitive to this issue and is the final authority to make a decision on it, says senior energy ministry official.
IMF
The neo-liberal economic order as enshrined in the Washington Consensus and implemented vigorously by the IMF has never worked in the past and will not work in the future as well.
IMF is expected to disburse $2.8 billion for Pakistan on 23rd of August, which will boost State Bank’s reserves to record high level
Pakistan is likely to get $2.8 billion from this facility
WASHINGTON: State Bank of Pakistan Governor Reza Baqir on Thursday said that negotiations with the International Monetary Fund (IMF) on…
The increase would be the biggest ever for SDRs, which are international reserve assets that aid governments in protecting their financial reserves against global currency fluctuations, and also help the IMF calculate loans and interest rates.
The Finance Bill 2021-22 was thoroughly discussed clause by clause in the House and passed in the assembly on Tuesday.
Senate committee on Finance unanimously turned down the arrest powers of the Federal Board of Revenue (FBR).