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Business & Economy Updated 13 Jul, 2024 05:32pm

IMF reaches $7 billion staff-level loan agreement with Pakistan

The agreement is subject to approval by the Executive Board of the Fund

Business & Economy Updated 11 Jul, 2024 11:39am

IMF suggests Pakistan to impose 45% tax on agriculture income: report

Agriculture sector contributes meagre 0.1% to total tax collection

Pakistan Updated 09 Jul, 2024 06:00pm

Govt to give relief to people using less than 200 units for 3 months: PM Shehbaz

Will allocate Rs50 billion to offset tariff reduction

Pakistan Published 08 Jul, 2024 06:34pm

President Zardari summons National Assembly session on July 9

Pakistan expected to sign staff-level agreement with IMF for loan this month

Pakistan Updated 08 Jul, 2024 05:12pm

Pakistan’s reliance on IMF to continue unless it boosts tax collection, warns Aurangzeb

The budget aims to raise Rs13 trillion ($46.6 billion) in tax revenues

▶️ Pakistan Updated 08 Jul, 2024 12:02am

Achakzai believes Imran Khan’s release will help lower ‘political temperature’

PkMAP chief calls for convening all-parties conference; says establishment must be told ‘enough is enough’

Business & Economy Updated 03 Jul, 2024 08:26pm

Pakistan has met all requirements for IMF bailout deal, minister says

While the budget may win approval from the IMF, it could fuel public anger

Business & Economy Published 03 Jul, 2024 01:25pm

Pakistan has met all requirements for IMF bailout deal, finance official says

Pakistan has set challenging revenue targets in its annual budget

▶️ Pakistan Updated 02 Jul, 2024 12:23am

Aurangzeb promises relief for salaried class, says rupee to remain stable

Says Pakistan hopes to get staff-level agreement this month

▶️ Business & Economy Updated 11 Jun, 2024 10:22pm

There are no sacred cows, says Aurangzeb as Pakistan registers 2.38% GDP growth

Presents Pakistan Economic Survey ahead of annual budget on Wednesday (tomorrow)

Pakistan Published 11 Jun, 2024 10:07am

Budget Strategy Paper still pending as talks with IMF continue

Even the broad contours of the budget have not been shared with the cabinet

Business & Economy Published 10 Jun, 2024 05:21pm

Pakistan’s budget will aim to set stage for IMF bailout

It will also be first test for new Finance Minister Muhammad Aurangzeb

Business & Economy Published 10 Jun, 2024 05:00pm

State Bank of Pakistan cuts key rate to boost economy

Decision to cut key rate to 20.5% comes two days ahead of annual budget

Business & Economy Published 09 Jun, 2024 11:43pm

Government mulls increasing petroleum levy to tackle circular debt

Also aims to utilise Gas Infrastructure Development Cess funds

Business & Economy Published 09 Jun, 2024 08:53am

US treasury department team to visit Pakistan to evaluate economy

The visit comes as Pakistan eyes another IMF program

Business & Economy Published 02 Jun, 2024 08:06pm

Pakistan, IMF at odds over exchange rate assumptions: report

Government pins hopes on World Bank, ADB disbursements to support rupee

Business & Economy Updated 01 Jun, 2024 12:50pm

PM, PTV retract tweets on massive decrease in petroleum prices

The PM had originally ordered Rs15.4 reduction in petrol price

Pakistan Published 31 May, 2024 09:04pm

IMF proposes spike in GST and taxes on salaried class in new budget: sources

The budget is set to be presented on June 10

Business & Economy Published 31 May, 2024 03:50pm

Budget to be presented on June 10, say sources

Budget was originally due to be presented on June 7 but was delayed because of PM Shehbaz’s visit to Beijing from June 4-8

Pakistan Updated 27 May, 2024 04:35pm

In meeting with Aurangzeb, US envoy highlights support for economic reform agenda

United States is committed to working with Pakistan, says Donald Blome

Pakistan Updated 24 May, 2024 09:17am

IMF, Pakistan make significant progress on new loan, says mission

Mission, authorities will continue policy discussions virtually over coming days aiming to finalise discussions, says Porter

Pakistan Updated 23 May, 2024 09:41am

Pakistan races to meet IMF’s prior actions deadline by June 30 for next bailout

Mission set to fly out on Friday without announcing staff level agreement

Business & Economy Updated 21 May, 2024 10:43am

IMF forecasts Pakistan’s defence budget at Rs2.152tr

Pakistan’s defence allocation is projected to be 1.72% of its gross domestic product

Business & Economy Published 20 May, 2024 10:10am

Pakistan, IMF to start policy level talks for new bailout package today: sources

Talks are expected to be around amount of the package

Business & Economy Published 17 May, 2024 03:23pm

IMF demands Pakistan cut down expenses

Interest payments on public debt surpass federal government’s net revenues

Business & Economy Published 17 May, 2024 11:06am

Govt likely to increase tax on immovable properties’ purchase

Taxation of real estate came under discussion during FBR, IMF talks

Pakistan Updated 16 May, 2024 05:41pm

IMF asks govt to expand social protection programs

Authorities tell IMF that Rs472 billion

Pakistan Published 15 May, 2024 12:06pm

IMF expresses serious concerns over uncontrolled circular debt in Pakistan

The circular debt in the energy sector has surged by Rs 150 billion

Business & Economy Published 13 May, 2024 11:55pm

Pakistan to finalise $8 bn deal with IMF by July, US Bank says

The IMF agreement is likely to affect budget policies

Business & Economy Updated 13 May, 2024 12:11pm

Pakistan ‘assures’ IMF of not taking loan from SBP in next fiscal year

Government says it will meet foreign debt obligations on time