IMF continues discussions with Pakistani authorities for quickly reaching an agreement
The International Monetary Fund (IMF) continues discussions with Pakistani authorities with the aim of quickly reaching an agreement on financial support from...
ECNEC approves key flood protection projects worth arabs of rupees
The Executive Committee of the National Economic Council (ECNEC) met under the leadership of Senator Mohammad Ishaq Dar, the Federal Minister for...
Pakistan’s economic future hangs in the balance as IMF decision looms
PM Shehbaz hopes of final decision on stalled loan in a day or two
Cash-strapped Sri Lanka to restructure domestic debt
Colombo: Sri Lankan authorities have declared a five-day closure of financial markets from Thursday ahead of a controversial move to restructure the...
KP GDP growth reduces by half in FY23
P&D estimates that it would take at least 2 years for GDP growth to climb back to FY22 levels
Govt increases tax rate for salaried class in budget 2023-24
People earning over Rs 300,000/month, to pay at least Rs 36,250 in taxes
Wheels turn as govt makes final dash to the IMFÂ
Significantly amended and bulldozed through parliament, the budget has been approved on the same day as an increase in the policy rate
What went behind the MPC’s emergency decision to hike the policy rate to 22%
The sudden move comes as new hopes of the restoration of the IMF programme have been ignited following adjustments in budgetÂ
S&P Global cuts China 2023 growth forecast to 5.2% from 5.5%
S&P Global said it has cut its 2023 GDP growth forecast for China after May data showed a post-COVID recovery was faltering...
Govt imposes Rs415bn new taxes in budget 2023-24Â
New taxes are meant to appease the IMF.
PM Shehbaz meets IMF chief, urges lender to release stalled funds
In a meeting held on the sidelines of the Summit for a New Global Financial Pact in Paris, Prime Minister Shehbaz Sharif...
KP govt to bridge 4.63b monthly gap to meet tribal districts’ current expenditures
Khyber Pakhtunkhwa (KP) government to bridge 4.63 billion rupees monthly gap to meet tribal districts' current expenditures.
The provincial government is facing...
Pakistan’s circular debt surges to Rs2.6tr in July-April FY23
It is an increase of 7.38% compared to last year, when circular debt stood at Rs2,450b
Pakistani authorities seek “Plan B” amid uncertainty over IMF program
ISLAMABAD: On Wednesday, the United States inquired with Pakistan about its backup plan in case the International Monetary Fund (IMF) program concludes...
KP faces budget shortfall of Rs517b
Federal govt fails to make timely payments, leading to incomplete disbursement of funds