IMF

Islamabad, 3 July 2024, (GNP): The IMF is currently working towards finalizing a staff-level agreement with Pakistan for a bailout exceeding $6 billion this month, as confirmed by Minister of State for Finance, Revenue, and Power Ali…

Karachi, 21 June 2024, (GNP): The Pakistan Stock Exchange (PSX) maintained its post-budget rally on Friday, achieving new heights by surpassing the 79,000 mark in the early hours of trading. The PSX's benchmark KSE-100 shares index…

Islamabad, 7 June 2024, (GNP): The government will need to introduce additional taxes amounting to Rs2 trillion in the next budget, a move unprecedented in Pakistan's history. With a high likelihood of setting the annual tax collection…

Islamabad, 25 May 2024, (GNP): The International Monetary Fund (IMF) has urged Pakistani authorities to authorize the Oil & Gas Regulatory Authority (Ogra) to independently set gas sale prices twice per financial year, based on the…

Baghdad, 23 May 2024, (GNP): Mazhar Salih, the financial advisor to the Iraqi Prime Minister, confirmed that Iraq has fully settled all the loans it borrowed from the International Monetary Fund (IMF) since 2003, amounting to nearly $8…

Islamabad, 22 May 2024, (GNP): On Tuesday, representatives from the Power Division briefed the visiting International Monetary Fund (IMF) delegation about revisions to the solar power policy. They also highlighted that power consumers…

Islamabad, 17 May 2024, (GNP): IMF team arriving to assess Islamabad's ability to repay the growing debt, Pakistan is considering options to request a 5-year extension on the repayment period of the $15.36 billion debt owed to Chinese…

Islamabad, 13 May 2024, (GNP): IMF has urged the Federal Board of Revenue (FBR) to remove the authority of the Board and the cabinet to grant tax incentives arbitrarily and to revise tax laws concerning NGOs, charitable organizations, and…

Islamabad, 11 May 2024, (GNP): IMF delegation arrived in Pakistan on Friday to engage in discussions concerning Pakistan's request for an expanded and extended bailout package through the Extended Fund Facility (EFF). As per insiders…

Islamabad, 2 May 2024, (GNP): A group from the International Monetary Fund (IMF) is expected to arrive in Pakistan in mid-May to iron out the specifics of Islamabad's upcoming financial assistance plan, which falls under the Extended Fund…

Islamabad, 29 April 2024, (GNP): Finance Ministry sources informed the media on Monday that Pakistan will present its argument for the release of the International Monetary Fund's (IMF) last installment of $1.1 billion during the global…

Islamabad, 18 March, 2024 (GNP); The International Monetary Fund (IMF) has advised the Federal Board of Revenue (FBR) to broaden the scope of the Capital Gains Tax (CGT) by including cryptocurrencies. This recommendation was made during…

In response to nationwide protests over inflated electricity bills, the International Monetary Fund (IMF) has approved temporary relief measures for electricity consumers in Pakistan. The relief plan, which has received the finance…

In response to growing protests against soaring power tariffs, Caretaker Prime Minister Anwaarul Haq Kakar announced that discussions with the International Monetary Fund (IMF) were underway to alleviate the burden on the public regarding…

Countries opting out for Yuan and other currencies other than the US dollar is a signal of declining value of Washington and the dollar.

The International Monetary Fund (IMF) has announced that the recently approved $3 billion loan programme will play a vital role in stabilizing Pakistan's economic situation and meeting its balance of payments needs.

Finance Minister Ishaq Dar announced on Wednesday that the United Arab Emirates (UAE) has deposited $1 billion into the State Bank of Pakistan, bolstering the country's declining foreign exchange reserves. The timely financial support from…

Prime Minister Shehbaz Sharif stated on Wednesday that there has been a positive indication that the country would get the approval of a $3 billion short-term bailout from the International Monetary Fund (IMF) board when it meets on 12 July…

The Prime Minister of Pakistan Shehbaz Sharif said on Monday that the International Monetary Fund (IMF) agreement is a "breather" and a "moment of concern" at the same time. He asked all the national institutions to make a collective effort…

The two prominent global rating agencies, Fitch and Moody's have predicted that Pakistan will be in need of more funds than it is currently getting from the International Monetary Fund (IMF) to assist its economy and meet its debt…

The government of Pakistan and the International Monetary Fund (IMF) reduced their differences after the government agreed to make adjustments to the budget and also withdrew import restrictions.

The World Bank (WB) on Thursday, announced financial facilitation for the vulnerable countries hit by natural disasters at the Paris Summit. Simultaneously, the International Monetary Fund (IMF) stepped up to provide $100 billion in Special…

Finance Minister Senator Ishaq Dar has dismissed rumors of failed talks between Pakistan and the International Monetary Fund (IMF), emphasizing that negotiations are still ongoing.

The International Monetary Fund (IMF) is unsatisfied with Pakistan's budget 2023-24 and pointed many faults out in it on Wednesday.

As Prime Minister Shehbaz Sharif stated his optimism to settle the deal with the International Monetary Fund (IMF), rumors have arisen that the world's top lender may combine the 9th and 10th reviews with the bailout plan for Pakistan set…

Pakistan is ready to share all budget details with IMF to revive the 6.5 billion program.

Pakistan's state minister for finance and Revenue Dr Aisha Ghaus Pasha categorically denied on Wednesday that Pakistan is not backtracking from the IMF programme.

Federal government has announced massive price-cuts on petroleum products on Monday.

IMF confers that Pakistan needs “significant additional financing” before IMF could agree upon the pending bailout funds

Government authorities said on Friday that Pakistan's finance minister has cancelled a trip to Washington for the April meetings of the International Monetary Fund (IMF) and World Bank, citing local political unrest as the explanation.

Washington, 3 April 2023 (GNP): The International Monetary Fund (IMF) said on Friday that its executive board has authorized a $15.6 billion loan program for Ukraine over four years as part of a larger $115 billion international aid package…

Government of Pakistan

Government of Pakistan subsidy plan

PKR against US dollar

Dar meeting with US officials

Government charges for fuel consumption

Pakistan and IMF deal

Munich, 21 February 2023 (GNP): Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, stated that her heart goes out to the people of Pakistan, but she highlighted the necessity for the Pakistani government to…

Pakistan and IMF agreement

Pakistan has to pay a staggering amount of $21.95 billion in the coming year. This is huge amount for Pakistan already in very fragile economic position.

London, 31 January 2023 (GNP): The IMF did add, though, that it currently believes the UK economy is "on track" following the Autumn Statement. The UK did better than many expectations last year, according to Chancellor Jeremy Hunt. Instead…

Islamabad, 27 January 2023 (GNP): Prime Minister of Pakistan, Shehbaz Sharif, announced to the public that Pakistan will sign the agreement with the International Monetary Fund (IMF) by the end of this month, which had been delayed due to…

Islamabad, 25 January 2023 (GNP): With the lack of clarity over dates for the visit of the International Monetary Fund, Pakistan is bound to a $500 million amount as debt repayment to a Chinese commercial bank within 72 hours. This action…

Islamabad, 19 January 2023 (GNP): The former Finance Minister of Pakistan, Hafiz Pasha, has warned that in case Pakistan defaults, the country's inflation rate can skyrocket to 70%. Even if the International Monetary Fund’s (IMF) loan…

The International Monetary Fund (IMF) has said it is deeply concerned with the economic situation facing Afghanistan and warned of a "looming humanitarian crisis" facing the country after last month's takeover by the Taliban. IMF …