Omar Ayub Khan claims party fears incumbent government will ‘misuse’ IMF loan
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Initial strength of P.M. Sharif’s cabinet capped at 19, with several members drawn from most recent caretaker setup
Imran Khan Supports Army Commitment to Ensure Justice for May 9 Culprits
by Staff Reportby Staff ReportPTI founder says he will never accept results of 2024 elections, reiterates plans to stage protest against alleged rigging on Sunday
P.M. Sharif Orders Expediting Negotiations with IMF for Long-Term Facility
by Staff Reportby Staff ReportIn first meeting upon assuming office, new premier says improving economy is the government’s top priority
In letter, penned by spokesperson Raoof Hasan, party founder to require ‘good governance’ and ‘conditionalities’ prior to granting any finance facility
Committee makes space for decision in accordance with IMF conditions by reducing budget of several ministries
Global lender expects global growth to reach 3.1%, lower than historical average of 3.8%
PPP chairman reiterates claims of aiming to form the next government after securing support from independent candidates
Central bank says U.A.E. has also agreed to roll over two $1 billion deposits, propping up foreign exchange reserves
Economic Activity Stabilizing in Pakistan amidst Challenging Outlook: IMF
by Staff Reportby Staff ReportGlobal lender’s executive board completes first review of $3 billion SBA, allowing immediate disbursement of around $700 million
Party indicates its assurance of support for ongoing $3bn SBA was conditional on free and fair elections
Funds considered key to shoring up dwindling foreign exchange reserves, as country’s economy continues to teeter
Global lender’s resident representative in Pakistan rejects media reports claiming it is seeking reduction in number of tax slabs for salaried individuals, businesspersons
Caretaker Government Slashes Petrol Price by Rs. 14/Liter for Next Fortnight
by Staff Reportby Staff ReportPetrol to now cost Rs. 267.34/liter; diesel Rs. 276.21/liter; kerosene Rs. 191.02/liter; and light-diesel oil Rs. 164.64/liter
Interim finance minister’s revelation comes as global ratings agency Fitch warns high external funding risks persist
IMF Board to Take up Pakistan’s First Review Approval on Jan. 11: Report
by Staff Reportby Staff ReportGlobal lender will consider staff-level agreement reached last month to unlock second tranche of $700 million after winter break
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
Interim Minister Backs Civil Service, Taxation Reforms to Fix Economy
by Staff Reportby Staff ReportFawad laments poor performance of FBR, noting it only collects 7 percent of total tax revenue while 93 percent is voluntary or withholding