Pakistan largest recipient of loan from China, IMF: World Bank report
The World Bank's International Debt Report put Pakistan’s total external debt at $130.85bn in 2023
IMF approves third review of Sri Lanka's $2.9 billion bailout
The island nation's economy is expected to grow 4.4% this year
IMF warns Asia retaliatory tariffs could undermine growth
"The tit-for-tat retaliatory tariffs threaten to disrupt growth prospects across the region,"
IMF seeks strict implementation to meet targets as it concludes biannual visit
Discussions also held with provinces, private sector
Sri Lanka election: President Anura Kumara Dissanayake seeks increased parliamentary strength
Just over 17 million Sri Lankans were eligible to elect lawmakers
IMF urges Pakistan to professionally engage foreign investors
IMF demanded uniform merit-based incentives for investors, and ending tax exemption in SEZs.
FinMin briefs IMF mission on economic targets
Meeting discusses progress on the Extended Fund Facility (EFF) worth $7 billion
IMF mission arrives in Islamabad to review progress on Extended Fund Facility
Finmin Aurangzeb meets visiting mission
Digitisation a requisite for driving economic growth: FM Aurangzeb
Says foreign investment in Pakistan could only materialise through the private sector
Govt set to meet IMF mission to acquire $1 billion for climate financing
IMF mission to review economic performance and budget targets
Ghana inflation rises for second month in October
October's inflation rate was the highest since June
FBR dismisses claims of IMF rejecting revision of targets
It is outrightly denied that any such meeting has taken place with the IMF
IMF demands mini-budget as FBR fails to collect tax targets
Sources say a mini-budget worth Rs500 billion could be announced by govt
None would be harassed for taxes, Finance Minister Aurangzeb
We are "deleting" term "non-filer" itself, said Aurangzeb
ADB to provide policy based loan to Pakistan, says Aurangzeb
both sides agreed on the importance of domestic revenue mobilization, regional cooperation
Pakistan requests $1bn in IMF climate cash and sees reserves rising
The RST, created in 2022, provides long-term cash for climate-related spending
Aurangzeb urges IMF to embed social protection measures in lending frameworks
He highlighted reforms aimed at increasing the tax-to-GDP ratio, reducing energy sector losses
IMF, World Bank meetings clouded by wars, slow economic growth, US election
"The US election is not on the official agenda this week, but it's on everyone's mind"
Pakistan to request IMF for $2bn in climate financing
Aurangzeb would make request for additional $2 billion during annual meetings of the IMF
Finance Minister departs for US to attend IMF, WB meetings
Also meet with his counterparts from China, UK, Saudi Arabia, UAE
Pakistan agrees on 22 conditions with IMF
Govt has also agreed to approve changes in gas tariffs by Dec 2024
Stocks falter after a brief upward spiral
The KSE-100 index stood at 82,308 points after losing 228 points.
IMF predicts decrease in unemployment rate in Pakistan
The unemployment rate is expected to decrease from 8% to 7.5%
SBP receives first installment of $1.026bn loan from IMF
Pakistan’s foreign exchange reserves have increased by $1 billion
Stocks on history-making spree after IMF loan approval
KSE-100 index touched all-time high of 82,720 points
PM Shehbaz voices satisfaction as Pakistan secures IMF bailout package
Shehbaz Sharif also thanked friendly countries
Sri Lanka to begin talks with IMF to take forward $2.9 bln bailout
Sri Lanka to begin talks with IMF to take forward $2.9 bln bailout
PM Shehbaz to meet IMF, World Bank heads in New York today
He said Islamabad had met strict conditions of the IMF and hoped that Pakistan would get the loan
IMF approves much-needed $7bn bailout package for Pakistan
IMF decided on Pakistan's plea in its Sept 25 board meeting
KSE-100 index peaks at 82,317 points as IMF deal on the cards
PSX continued to witness an upward trend during the last day of trading
Bulls rally on the trot as KSE-100 index reaches epoch-making 81,972 points
The KSE-100 index reached all-time high amid hopes of IMF loan approval
Bulls rule stock market as IMF includes Pakistan in executive board meeting on Sept 25
After a day’s break of Eid-e-Milad, the KSE-100 index reached 80,549 points
IMF includes Pakistan's review in Sept 25 executive board meeting
Global lender will review the new loan programme worth $7 billion
PML-N government will resolve economic woes, asserts Maryam Nawaz
Says current IMF program will be the last program
Pakistan sanguine about approval of $7bn IMF bailout package on Sept 25
IMF confirms it will have board meeting on Sept 25 to consider Pakistan's loan
Pakistan meets IMF bailout conditions with help from friendly nations, says PM Shehbaz
Pakistan is moving towards development after achieving economic stabilisation: Finance Minister
Circular debt to rise by Rs100 billion, govt tells IMF
Sources said that the IMF expressed its concerns to the government on a whooping rise in debt
Pakistan seeks $1.7 billion loan from global institutions to pave way for IMF agreement
Sources say the loan has been sought for commodity and commercial purposes
IMF keeps Pakistan guessing
The Ministry of Finance and the international donor mission hold virtual meeting
IMF refuses exemption on stationery tax as prices go through the roof
Negotiations between IMF and Pakistan govt fail to bear fruit
Transient relief for govt as 'friends in need' roll over $12bn debt for one year
Timely rollover by China, KSA and UAE is believed to pave way for new IMF deal
Reforms are inevitable to get rid of IMF: Finance Minister
Fiinance Minister was speaking to a ceremony in Islamabad
IMF bemoans Pakistan's attempts to raise exports
Pakistan is a very weak country as compared to countries in region so far as exports are concerned
IMF to review Kenya's revised economic plan at end of August
IMF to review Kenya's revised economic plan at end of August
KSE-100 Index makes gains after massive contraction in last session
Market is eyeing IMF programme and reduced interest rates amid political uncertainty
Taqi Usmani urges nation to break free from western slavery, IMF dragnet
Scholar asks nation to unify for country's sake
Higher food prices, expensive fuels fuel Pakistan's weekly inflation
Indirect taxes imposed by Islamabad responsible for this trend
Pakistan is looking for external financing avenues: Aurangzeb
Statement comes in the wake of latest agreement on IMF programme
Stocks record-breaking spree continues amid hopes of economic turnaround
Stocks trade at 81,600 points after gaining 525 points
IMF asks govt to halt additional power production
Global lender sees country's salvation in truncating financial losses
IMF programme to boost Pakistan external financing: Moody's
Warns of social tensions and weak governance amid stubborn inflation
PM Shehbaz, PML-N President Nawaz discuss political situation
Supreme Court decision on reserved seats, IMF deal also came under discussion
Aurangzeb sees IMF-induced macroeconomic stability
Statement comes after Islamabad achieves a new IMF programme
Pakistan reaches new $7 billion loan deal with IMF
New loan deal will last for 37 months and it is aimed at strengthening fiscal and monetary policy.
Shehbaz harps on 'tough decisions' mantra in face of stringent IMF demands
During cabinet meeting, PM asks ministries to step up performance
KSE-100 index breaches 81,000 mark amid optimism about IMF deal
Peaking at the right time, the stock market adds 456 points to cross 81,000 barrier
Cash-strapped Pakistan to hammer out $6.5bn deal with IMF soon, sources
PM office likely to contact international lender in a few days for finalising the deal
It won't be last IMF programme, if tax collection isn't improved: Aurangzeb
Says he empathises with the pain people will feel because of the budget
International Monetary Fund: Govt endorses Nepra's Rs5.72 electricity base tariff hike
Move part of the efforts to secure IMF programme
Tough, unpopular budget a stepping stone for IMF programme: Ali Pervaiz
Says Pakistan has met all requirements and no major issues left to address
KSE-100 Index up 0.86pc amid the progress made in IMF talks
Crosses 80,000 mark as market sees economic stability
President Zardari gives his assent to Finance Bill 2024
Indirect taxation, increased taxes on salaried classes are again the hallmark of Rs18,877bn budget
EU chief in Egypt for two-day joint investment conference
EU chief in Egypt for two-day joint investment conference
What does IMF demand after budget? It's 'do more'
IMF wants increase in the electricity and gas prices by July 10 next month
MQM-P demands economic emergency imposition across the country
Suggests Asif Zardari, Nawaz Sharif to donate their properties to Pakistan
Budget 2024-25: IMF all praise for the tough decisions
A team is expected to reach Islamabad in the coming days to finalise next programme
Pakistan can move forward only if everything is handed over to private sector: Aurangzeb
Rejects criticism, strongly advocates privatisation of state-owned enterprises
Lula again questions high Brazilian interest rates 'in a country with 4pc inflation'
Says celebrating with central bank chief must be ‘profiting’ from elevated borrowing costs
Be ready for spike in prices of daily-use products
Chocolates, milk, yogurt, clothes, soap, shampoo, hair colour, mobiles to cost more
Pakistan budget will aim to set stage for IMF programme
Islamabad is in talks for a loan estimated to be anything between $6bn to $8bn
Pakistan inflation drops to 11.8 in May, reinforcing rate cuts hopes
Monetary Policy Committee is scheduled to meet on June 10
Govt increases power tariff by Rs3.25 per unit
Increase will result in additional burden of Rs 46 billion
IMF upgrades China economic growth forecasts after 'strong' Q1
GDP expected to increase by 5pc in 2024
Sri Lanka interest rates maintained to foster economic stability
Annual inflation in April was 1.5pc, down from 6.4pc at the start of the year
Pakistan trade deficit to increase by over $4.16bn in 2024-25: IMF
Imports to hover around $60.48bn against exports of $32.76bn
Federal development budget Rs1,200bn, tax collection target Rs12,500bn
Finance Minister Muhammad Aurangzeb will table budget on June 8
Cigarette prices may be hiked as a proposal to increase FED is under consideration
Federal excise duty can go up by 15pc to 19pc
PSX hits new peak amid IMF programme advancement, UAE investment pledge
PSX surpasses 76,000-point milestone for first time
Pakistan domestic, external debt to witness a substantial increase in FY25
Sources are expecting an addition of Rs10,433bn to the total
More gas tariffs hikes planned as Pakistan eyes another IMF programme
Proposal to affect domestic consumers as well as fertilizer, cement and CNG sectors
IMF cautions on timing of Bank of England rate cut
IMF cautions on timing of Bank of England rate cut
Pakistan sees 2024-25 inflation at 11.8pc, IMF thinks it will be 12.7pc
Economic wizards have shared macroeconomic framework with the visiting team
Ongoing IMF-Pakistan talks aren't likely to produce any result
Process to continue after the visiting team leaves Islamabad
Pakistan external financing needs estimated at $22bn, lower power tariffs proposed for industries
Islamabad sees loan rollovers, plans issuance of sukuk and panda bonds
Pakistan stocks set a new high, but later opt for market correction
Recent surge is product of rate cut prospects, progress in IMF talks
Signs are Pakistan fuel prices may see a sizeable cut with effect from midnight
Petrol and diesel are expected to get cheaper by over Rs12 and Rs8 respectively
Don't raise tax rates, expand tax net. It will also help arrest inflation: Citibank
Says State Bank of Pakistan will start interest rate cuts next month
All state-owned enterprises, except strategic ones, to be privatised: PM
Says running businesses isn’t a government job
What IMF chief says about artificial intelligence
She says artificial intelligence is hitting labour forces like a "tsunami"
KSE-100 reaches a new high amid rate cut hopes
Expected progress on new IMF programme also boosting the morale
Talks start to secure IMF programme, agreement reached on budget targets
No borrowing from central bank, timely external debt repayment to be ensured
No backtracking on tax net expansion: Aurangzeb
Also lists privatisation and energy sector reforms among top priorities
Govt considers phasing out tax exemptions in next budget
Move under IMF pressure to hit farmers adversely
IMF wants Pakistan to end subsidized gas, electricity to industries
IMF's policy guideline highlighted major economic woes
IMF mission due in Pakistan on May 16 to discuss new loan programme
Pakistan expected to seek at least $6 billion and request additional financing from the Fund
PSO proposes debt swap for stake in Pakistan public sector companies
The government with a 25pc stake is the biggest shareholder of Pakistan State Oil
Govt working on retirement, pension reforms
Azam Nazeer Tarar says move to cover all institutions which will be taken into confidence
IMF mission likely to visit Pakistan this month to discuss new loan programme
Pakistan narrowly averted default last summer
Corruption biggest reason behind unmet revenue targets: PM Shehbaz
PM vowed to take action against those involved in corruption
PTA opposes proposal to block 500,000 SIMs. What's other option for FBR?
FBR had proposed blockage of a large number of SIMs to rein in non-filers
Budget proposals: Improved tax collection through property, retail sectors envisioned
Subsidy cuts for power and gas consumers on the cards
Former PM Raja Pervez Ashraf raises concerns over IMF bailout conditions
PPP leader says govt should brief parliament on IMF package
Shehbaz is relieved after IMF decided to release $1.1bn tranche
Notes SBA remains only second programme in Pakistan’s history after the success under elder Sharif
Asian central banks shouldn't rely on US Fed interest rate moves: IMF
Notes adverse effects of Chinese ‘excess capacity’ both domestically and regionally
Pakistan interest rates likely to be maintained, IMF will formally approve release of $1.1bn
Some experts still believe up to 100 basis points rate cut is possible
PM reaffirms commitment to revive Pakistan's economy in meeting with IMF chief
PM reaffirms commitment to revive Pakistan’s economy in meeting with IMF chief
Iran-Pakistan Gas Pipeline remains stalled under cloud of sanctions
The US has said publicly that it does not support the project
IMF executive board to meet April 29 on $1.1bn Pakistan disbursement
IMF executive board to meet April 29 on $1.1bn Pakistan disbursement
Blome upbeat about Pak-IMF talks, commends counterterrorism efforts
Blome upbeat about Pak-IMF talks, commends counterterrorism efforts
Stocks set a new record amid growing hope for interest rate cuts
KSE-100 overcomes 72,000 hurdle by gaining nearly 1pc
No 'Plan B' when you are in an IMF programme: Finance Minister
Says talks for another loan package prerequisite for economic stability
Finance Minister addresses rating agencies, highlights positive indicators and reforms
Finance Minister addresses rating agencies, highlights positive indicators and reforms
IMF admits Pakistan loan request: Minister says taking steps to curb inflation, US rates not a 'big concern'
Islamabad is hoping for up to $8bn under EFF under a programme spanning over two to three years
IMF concerned about debt, fiscal challenges facing low-income countries
Georgieva terms it a huge burden for these nations
IMF urges Italy, France to spend less, Germany to loosen purse strings
IMF urges Italy, France to spend less, Germany to loosen purse strings
Pakistan economy improving, funds will be provided on request: IMF
Officials say more work needed to reform energy sector
IMF chief urges attention to war-ravaged Yemen, Sudan
IMF chief urges attention to war-ravaged Yemen, Sudan
Sri Lanka to consult with IMF on latest bondholders' proposal
Sri Lanka to consult with IMF on latest bondholders' proposal
IMF calls for fiscal restraint in year with most elections ever
IMF calls for fiscal restraint in year with most elections ever
Tarar hopes May 9 cases will reach logical conclusion
Regrets court gave relief to those facing serious charges
Pakistan, IMF discussing new multi-billion-dollar programme: Aurangzeb
Ready to engage in initial discussions with Pakistan on new loan deal: IMF spokesperson
Pakistan hopes to secure new IMF loan as quickly as possible: Aurangzeb
Says, "We are looking for larger loan. We will need a two to three year time period
Shehbaz vows to check power theft, Nepra seeks tariff hikes amid reduced consumption
Prime minister for promoting renewables, improving transmission system, crushing mafias
Pakistan to seek additional IMF climate financing as well
It will be in addition to the main package request under extended fund facility
Record debt costs mean climate spending could push nations to brink of insolvency
Report says 47 developing countries would hit external debt insolvency thresholds
IIED advocates debt swaps, lists Pakistan among possible beneficiaries
Says its report aims at encouraging the move at the IMF and World Bank spring meetings
Finance Minister Aurangzeb leads delegation to US for IMF talks on new bailout package
Finance Minister Aurangzeb leads delegation to US for IMF talks on new bailout package
Minister briefs PM on IMF, WB meetings during upcoming US visit
Minister briefs PM on IMF, WB meetings during upcoming US visit
Pakistan seeking potential follow-up loan programme to $3bn SBA, says IMF chief
Pakistan seeking potential follow-up loan programme to $3bn SBA, says IMF chief
FBR is all set to block SIMS of 0.5m tax evaders
The individuals failed to file their returns despite receiving notices
Foreign Minister Ishaq Dar calls first session of Cabinet Committee on Privatization on Saturday
The active list of privatization comprises 25 state enterprises
Pakistan Stock Exchange sets a new record as investors see rate cuts
KSE-100 Index cross 68,000 mark
Interest rate cut hopes help KSE-100 Index jump by 1.30pc
Progress in PIA privatisation also acting as confidence booster
Bids from interested parties invited for PIA privatisation
Govt will retain 49pc shares in national flag carrier
Pakistan annual inflation declines to 20.7pc in March
It is the lowest reading since May 2022 when the CPI had clocked 13.8pc
Energy subsidy cuts likely to be Rs375bn in 2024-25, as Islamabad aims at new IMF deal
Move likely to produce adverse effects for consumers
No discussion on China-Pakistan deals in negotiations: IMF
The donor expressed satisfaction at implementation of its recommendations in the stand-by agreement
Govt reaches a deal with banks on PIA loan reprofiling
Privatisation plan envisages offering 51pc shares of the national flag carrier
KSE-100 Index sets a new high as privatisation prospects boost morale
Reaches 67,010.94 a day after closing at 66,547.78
Sri Lanka interest rate slashed, as Island nation seeks China deal
The central bank says the move will boost ‘the ongoing revival of economic activity’
Zambia strikes preliminary deal on $3bn international bond rework
Southern African nation defaulted on debt three years ago
China told it faces 'fork in the road' as officials meet CEOs
IMF chief says higher reliance on domestic consumption to be a key feature of high quality growth
Pakistan, IMF to discuss Extended Fund Facility next month, says finance minister
Aurangzeb says Pakistan will issue $300mn Panda Bonds to access Chinese market
Govt's tough decisions to steer country out of crisis: state minister
Govt's tough decisions to steer country out of crisis: state minister
Pakistan and IMF reach staff-level agreement after final review of Stand-By Arrangement
Washington-based lender warns of higher inflation and modest economic growth
Ongoing IMF talks likely to extend as negotiations hit a snag
Ongoing IMF talks likely to extend as negotiations hit a snag
IMF, Pakistan to hold final round of talks today
Another session may be scheduled for tomorrow if negotiations remain inconclusive
Govt accepts IMF's do more demand, will hike electricity tariff
The proposal to increase the levy on petroleum products was also considered
Pakistan rejects IMF's demand for changes in NFC Award formula
Pakistan rejects IMF’s demand for changes in NFC Award formula
PTI miscreants attempting to derail Pakistan's vital IMF deal, says Tarar
PTI miscreants attempting to derail Pakistan's vital IMF deal, says Tarar
Positive IMF review outcome hopes propel Pakistan stocks by 1.59pc
Some experts are now hoping for rate cut on Monday, but a Reuters poll says it won’t happen
Pakistan interest rates expected to maintained at a 22pc high on Monday
Stock market has recently suffered losses amid fading hopes of reduction in borrowing costs
IMF praises Pakistan, but wants stricter policies including no cheap gas for fertiliser plants
Visiting team starts final review of current programme, is briefed on govt plans
Aurangzeb is aiming at expanded long-term deal as IMF team arrives for last SBA review
Talks about boosting tax collection and expediting privatisation
IMF mission to hold economic review talks from March 14
The negotiation with Fund will be held from March 14 to 18
KSE-100 Index down 1.45pc amid rising inflation and fading interest rate cut hopes
Market is in dire need of some catalyst to kickstart a crippled economy
Aurangzeb advocates new IMF deal as energy tariff hikes keep fuelling inflation
Release of $1.1bn under current arrangement is his first priority
A familiar story: Currency devaluation, subsidy cuts worsen Nigeria cost of living crisis
A basket of tomatoes now costs 55,000 naira – about double the national minimum wage
Egypt urban inflation jumps to 35.7pc in Feb as currency devaluation is expected to inflict more pain
Egypt has also opted for rate hikes by 6pc as it successfully secured an $8 billion deal with IMF
IMF hints at sending its mission to Pakistan for economic talks
The current standby arrangement ends in April 2024
Egypt secures IMF deal but inflation-hit Egyptians feeling more price pain after currency devaluation
Sisi remains focused on mega-projects as Cairo follows the IMF conditions
Egypt pound nosedives as Cairo goes for free trading, hikes interest rates by 6pc
Currency slides to 45 pounds for a dollar from previous level of 30 as govt meets key IMF demand
Pakistan power demand will fall in 2024 amid rising tariffs: Hubco
Last year too saw decline in electricity consumption; people feeling the impact of IMF bailout
In Argentina's barrios, rising poverty stalks Milei austerity drive
Argentina poverty rate topped 57 per cent at the start of the year
Dar, the close aide of elder Sharif, wasn't at Shehbaz Sharif's first meeting
Renowned banker Muhammad Aurangzeb comes into limelight
Shehbaz directs economic team to hold talks with IMF, expedite privatisation
These directives will certainly help boosting investors’ morale, calm the markets
PTI begging US to grant NRO to party founder, claims Ahsan Iqbal
PTI begging US to grant NRO to party founder, claims Ahsan Iqbal
PTI letter to IMF: Nawaz says no political party can do so
Shehbaz says PTI founder’s sole aim is destroy Pakistan completely
China rolls over $2bn loan to Pakistan: Shamshad Akhtar
The amount was due in March and has been extended for one year
Cairo announces $35bn UAE investment on Egypt Mediterranean coast
Most-populous Arab state is facing a chronic foreign currency shortage
Thousands protest as poverty and hunger grows amid Argentina austerity
38,000 meal centres received their last batch of govt supplies in Nov before Milei was inaugurated
Barrister Gohar affirms PTI will not go against state, democracy
Letter to the IMF will be shared with the public, says PTI leader
PTI founder to push for IMF aid suspension over alleged 'election rigging', says Zafar
PTI founder to push for IMF aid suspension over alleged ‘election rigging’, says Zafar
Capacity payments to power producers have doubled when compared with total price
Nepra calls for closing obsolete power plants and increase power consumption
Announcement about deal on govt formation propels Pakistan stocks
KSE-100 Index gains 1.81pc as investor await Islamabad’s future line of action to revive economy
Securing external financing to one of the most urgent issues for next Pakistan govt: Fitch
Says political instability will hamper future deal with IMF amid tougher conditions
Argentina inflation: Soup kitchens serving the hungry poor are on brink of collapse
Milei pushed the prices further up through peso devaluation, subsidy cuts, loosening price controls
Fractured mandate puts stocks at slippery slope, KSE-100 down over 3.50pc
The market was hoping for a strong government which could produce sustained economic policies
Average gas prices hiked 35.15pc for Sui Northern and 8.57pc in the case of Sui Southern
Move designed to meet an IMF demand
Report says 62 developing countries in full-blown debt crisis, need relief 'now or never'
Report comes ahead of Global Sovereign Debt Roundtable
Higher costs of living hit Pakistan election campaigns too
A person selling party flags says the business has been reduced to half when compared with last poll
Pakistan interest rates? IMF sees scope for Asia rate cuts
A day earlier, it had slashed growth forecast for Pakistan to 2pc in 2024
Pakistan budget deficit reaches 2.3pc of GDP during July-Dec period
Petroleum Development Levy collection jumps by 166pc to Rs473bn
Austerity: Prime Minister's Development Projects and Initiatives may get Rs53bn cut
Total amount budgeted amount is Rs80bn, just Rs2bn have been released
Central bank expected to keep Pakistan interest rates steady
There has been no change since the hike to the current level of 22pc in June
Pakistan assures IMF of checking electricity theft, privatisation of Discos
A transaction advisor would be appointed by the end of April to start the process
Sweet sugar among the items to be taxed as govt plans Rs90bn increase in revenue collection this year
Government measures also include gas price hikes
IMF hails Pakistan energy tariff hikes, says economy is on the right track
Says Islamabad achieved the goals set for July-September quarter
