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In statement, central bank says decision reflects ‘continuation of the close relationship between the two brotherly countries’

NAC meeting issues quarterly GDP growth of 2.13% for ongoing fiscal year, attributing it to increases in agriculture, industry and services sectors

Fawad laments poor performance of FBR, noting it only collects 7 percent of total tax revenue while 93 percent is voluntary or withholding

Witnessing signing ceremony, interim Prime Minister Kakar hopes the MoUs will translate into tangible projects very soon

PMLN, PTI senators trade blame over reasons for currency devaluation, blaming it for ballooning loans

Gas tariff increased 1,108.59% year-on-year, primarily driving the surge in short-term inflation

Shamshad Akhtar indicates Pakistan will need to secure a medium-term loan from the IMF immediately after conclusion of ongoing SBA

Caretakers also approve changes to Haj policy, Exit Control List

Global lender says Islamabad will receive next tranche of $700 million following approval of IMF Executive Board

Global lender’s managing director says country’s ‘perennial problem’ is tax collection, which should be boosted to at least 15% of GDP

Interim finance minister reaffirms government’s commitment to working closely with global lender to ensure successful completion of Standby Arrangement

Interim premier says his government is fully prepared for IMF review and hopes to successfully conclude talks on second tranche

Reviving Pakistan’s economy requires much-need but unpopular reforms that can prove a death-knell for any political leader

Interim finance minister claims economic indicators improving with inflation declining downward, rupee appreciating against U.S. dollar

Interim minister defends tariff increase, saying it will ensure circular debt no longer increases

Successive governments’ failure to offload loss-making SOEs has played a major role in Pakistan’s prevailing economic crunch

Fixed monthly charges increased for all slabs, including protected consumers, in a bid to curtail circular debt

Global lender downgrades country’s inflation projection from 25.9% to 23.5% for the ongoing fiscal year

In meeting with Chinese ambassador, interim finance minister appreciates ‘time-tested’ ties between neighboring countries

Kristalina Georgieva describes meeting with interim prime minister on sidelines of UNGA as ‘very good’