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
Unchecked ripple effects of devaluation: Argentina may go for further weakening its peso
A 211pc inflation, widening gap between official and parallel exchange rates are the reasons
IMF says Sri Lanka needs to reach deals with creditors, more financing critical for Egypt
Sri Lanka has to raise its value-added tax to 18pc from 15pc to meet revenue targets
PSO to get Rs100bn controlling stakes of Nandipur and Guddu power plants
Plan envisages cancellation of their privatisation to help deal with circular debt
Artificial intelligence to impact 40pc global jobs, widen labour income inequality: IMF
Says advanced economies are at greater risk, but also better placed to take advantage
Many developing countries going for 'government bonds' option amid falling borrowing costs
Six emerging economies could each issue over $10 bln this year
Govt plans selling shares of profitable state-run enterprises to generate over $1bn
Seven entities from petroleum, power and services sectors are on the list
Tired of inflation? Just check Cuba where fuel prices will go up over 500pc
Power and gas tariffs are also increased as govt tries to tackle budget deficit
Plan devised to slap tax on retailers, will generate Rs300bn
Scheme will first be implemented in Islamabad and the four provincial capitals
Egypt enters 2024 with more price hikes amid high inflation
People are to pay more for internet and Cairo Metro; Power tariffs will also go up
Argentina to clinch deal on delayed IMF review after devaluing peso from 366 to 800 per dollar
Milei's government is also working on reducing energy and social subsidies
Pakistan December inflation up 29.7pc year-on-year
Consumer price index up 0.8pc when compared with previous month
Stocks rally over 3.5pc to celebrate the new year as global markets eye rate cuts
Shrugs off political uncertainty related to the polls next month
Stocks move past 62,000 yet again with nearly 2pc surge amid a weakening dollar
Market has seemingly started ignoring the political uncertainty related to the Feb 8 elections
KSE-100 rallies nearly 3pc, Asian stocks up with rate cuts in sight
Latest performance means Pakistan Stock Exchange may end the year on a high
KSE-100 tanks below 60,000, market unable to apply brake amid added elections-related uncertainty
Benchmark index has seen a massive decline after reaching a record high of 66,426.78 on Dec 12
Pakistan weekly inflation recorded over 42pc amid stagnant wages
Shrinking purchasing power has become a survival challenge
KSE-100 sees 4pc slump as record-high interest rates continue haunting economy
Market had stopped upward movement last week after SBP again decided against any rate cut
IMF sees India economy grow at 6.3pc in current fiscal year
Says it has potential for higher growth, with greater contributions from labour and human capital
Pakistan to experience a decline in remittances: World Bank
Says exchange rate differential means flow is diverted from formal to informal channels
Ex-IMF chief Rato could face long jail term in corruption trial
He faces charges of graft, money laundering, tax dodging; Prosecutor requests over 60-year in prison
Food prices propel weekly inflation to highest level since early June against the predictions made
Trend means a further delay in interest rate cuts, damaging the business environment
Sri Lanka returns to growth as inflation in Nov slides to 3.4pc against last year high of 70pc
Economy to contract by 3.6pc this year after shrinking 7.8pc; 1.8pc growth forecast for 2024
IMF denies it plans to ask Pakistan to raise taxes on salaries
Its resident representative says there are no plans at this time
Govt takes privatisation-related powers away from high courts for a swift process
A three-member will deal with affairs; Supreme Court can hear the appeals
Argentina inflation tops 160pc, as minister warns of escalating rate
The monthly inflation was rate 12.8pc in November alone
IMF board approves first review of bailout deals reached with Sri Lanka and Bangladesh
The South Asian nations are facing a severe financial crisis, resulting in rising cost of living
IMF chief Georgieva to meet with Ukraine's Zelenskiy on Monday
IMF chief Georgieva to meet with Ukraine's Zelenskiy on Monday
IMF wants an Rs49bn increase in Petroleum Development Levy collection
Target can be achieved by a hike in rate or by encouraging consumption
Is Biden backing Argentina's Trump? US offers Milei support on IMF, lithium
Two sides also discussed how the South American nation could benefit from the IRA
KSE-100 sets another all-time high amid foreign investment news, rate cut hopes
Market is showing a persistent upward movement after investors shifted their focus to stocks
IMF sees wide-ranging consequences for people and economies amid Israel-Hamas conflict
Tourism among the hardest-hit sectors in the region outside Israel and the Palestinian territories
IMF makes Pakistan set over Rs11,000bn revenue target for next fiscal year
It isn’t clear whether Islamabad will go direct or indirect taxes; Big test for new govt
Inflation in Nov surges to 29.2pc year-on-year, misses SBP and govt estimates
Cost-of-living crisis is worsening for an overwhelming majority in Pakistan
PIA avoids huge embarrassment after FBR restored its bank accounts
Repeated episode is making privatisation case stronger
Sri Lanka reaches debt restructuring deal with creditor nations, says govt source
Japan co-chairs the official creditor committee, together with France and India
Pakistan sees 2.13pc growth in July-Sept quarter against 0.96pc year earlier
Economy contracted by 0.17pc in 2022-23
KSE-100 Index up 1.23pc, dollar grows stronger amid high demand
Market is buoyant by the reports about Pakistan inking investment deals with the UAE
Major changes on the cards for boosting tax-to-GDP ratio to 15pc
Risk register to be prepared to identify tax evaders by using data from banks, NADRA, other sources
Argentina's Milei says shutting central bank 'non-negotiable'
Faces major hurdles to execute his agenda which also include dollarisation, privatisation
Bullish stocks propel KSE-100 Index over 58,000, rupee makes gains against dollar
The market is continuing moving upward with a belief that there won’t be no more rate hikes
TV pundit-turned lawmaker Milei's victory expected to pressure Argentina's peso
The far-right libertarian rode a wave of voter anger, pledging state spending and govt size
IMF chief says Gaza economy facing devastation, Israel to see economic slowdown
Notes the sooner this war ends, the better
IMF chief says Biden-Xi engagement an important signal for world to cooperate
It sends a signal to the rest of the world that we must find ways to cooperate
Stocks fly high, KSE-100 Index over 57,000 on the back of fruitful IMF talks
The bullish trend will attract more investment in the market
Windfall tax imposed on banks to help govt collect Rs44bn as it secures successful IMF review
Move targets the profits earned in 2021 and 2022
Argentina's Massa says IMF deal causing inflation, will renegotiate it
His challenger Javier Milei has proposed dollarizing the economy and shutting the central bank
PM reaffirms govt's enduring commitment to economic reform efforts
IMF Mission Chief and Resident Representative for Pakistan called on PM Kakar on Wednesday.
IMF's Georgieva says tax collection basic issue for Pakistan
Two sides will share policy draft today
Sri Lanka hopes to complete debt restructuring talks by 2023-end
Sets ambitious deficit and revenue in next year’s budget
IMF remains focused on revenue collection, circular debt, external financing
Pakistan assures IMF of reducing govt expenditure, minimizing budget deficit
High demand propels US dollar against Pakistan rupee, Japan yen
The recent gains made by the local currency are being erased swiftly
The last hurdle: IMF review team may set tough conditions in policy-level talks
Successful talks will result in the release of $710 million in second tranche next month
KSE-100 continues making history, crosses 56,000 mark with an over 2pc surge
Huge gains in recent days are a result of possible privatisation of SOEs, end of rate hike cycle
Brazil readies 15pc minimum tax on multinational profits ahead of G20 presidency
It will also support the OECD's guidance to implement taxation on digital economy
Anything surprising? IMF stance hardens on Argentina as $44bn deal skids off track
Race is tight in a runoff between Sergio Massa and Javier Milei on Nov 19
IMF Executive Board approves proposal to increase members' loan, contribution quotas
Final decision to taken by the Board of Governors; Move enhance Pakistan’s possible share too
IMF wants to end tube wells subsidy as first review of $3bn deal is in progress
Power tariff for other consumers has already been hiked to a record-high level
KSE-100 Index shatters 54,000 ceiling before profit-taking pushes it back into red
Market believes that the rake hike cycle has ended
Pakistan Stock Exchange sets a new record as energy sector boosts market
Surge comes as the IMF is pressing ahead with the demand to dispose of loss-making SOEs
Currency markets: Rupee endures more bleeding with dollar going up 69 paisa
Dollar up another 69 paisa as IMF calls for latest financial figures of state-owned enterprises
Privatisation: IMF demands latest data of state-owned enterprises
The losses suffered by these entities is a top agenda for the Washington-based institution
Weak currency and debt: Fitch downgrades Egypt one notch deeper into junk territory
Rating agency follows the assessments by Moody's and S&P
Pakistan's CPI clocks at 26.9pc as inflation hits rural population more
The country has been experiencing a severe cost-of-living crisis
Finance ministry report notes draining effects of high interest rates on govt resources
Central bank on Monday decided against rate cut
Sri Lanka goes for VAT hike to 18pc to meet IMF targets
Minister admits ‘public is struggling’, but says ‘we have no choice’
Dollar keeps appreciating after buying pressure resurfaced
Greenback official exchange rate reaches Rs281; Net gain since Oct 16 stands at Rs4.17
State Bank to make a decision on interest rates today
Experts predict there won’t be any further hike, some even think a rate cut is coming
Government working to tackle economic challenges with agricultural sector on priority: Finmin
Inflation remains problem, efforts are underway to bring it under control: Dr Shamshad Akhtar
No one wants Steel Mills, to be removed from privatisation list
Officials say accumulated losses of now-defunct industrial unit have reached Rs206bn
PIA in a quagmire with flight operations in complete disorder
Another 49 flights have been cancelled
Buckle up! Interest rates are here to stay for longer: IMF chief
Kristalina Georgieva warns Israel-Hamas conflict is another cloud on horizon among many
'Safe-haven' dollar bounces back over Rs280 amid buying spree
Pakistan is again witnessing buying pressure amid global economic uncertainty
PIA unable to fly, resulting in more flights cancellations
Worsening financial crisis comes as IMF team is to reach Pakistan on Nov 2 for deal review
IMF team to visit Pakistan on Nov 2 for first review of standby arrangement
Govt on Monday hiked gas tariffs to meet one of the main conditions
Crisis worsens as PIA has to cancel 45 more flights
Worsening state of affairs coincide with IMF pressure to privatise loss-making entities
More flights cancelled as PIA fails to pay for fuel
Nonstop disruption in operations comes as IMF is pressing Islamabad to privatise lossmaking SOEs
Energy sector propels stock exchange over 50,300 mark as rupee hits back
Improved economic indicators give confidence to investors
Financial crisis cripples PIA flight operations
Over 30 international and domestic flights cancelled or delay
IMF wants immediate raise in gas prices and that too with effect from July 1
Move part of the conditions set in the current programme which will expire on March 31
Dollar up another Rs1.97 after halting the slide
Greenback is traded for Rs279 early interbank trading
Tunisia president sacks minister for saying IMF deal vital for foreign financing
Tunisia president sacks minister for saying IMF deal vital for foreign financing
IMF says China property slowdown will weigh on Asia's growth
Notes central banks in the region should guard against easing monetary policy prematurely
Pakistan committed for economic uplift, climate resilience: Dr Shamshad
She was speaking at the "V20 Ministerial Dialogue X" for the most climate-vulnerable economies
