There are tough times ahead for the Pakistani public regardless of whichever party emerges victorious in the next general elections
loans
Finance minister accuses IMF of being a main contributor to political instability, describing its refusal to revive stalled loan program as ‘unreasonable’
Cabinet body also validates increase in prices of 49 medicines, noting their rates are significantly lower in Pakistan than regional neighbors
In wide-ranging press conference, finance minister reiterates criticism of PTI government, claims IMF deal will be finalized ‘soon’
Finance Minister Ishaq Dar maintains government working to introduce reforms to achieve economic growth, development
In speech, premier indicates his government is willing to accept IMF’s harsh demands to revive stalled loan considered key to preventing default
With few options left to bolster financing needs, government reviews reforms mandated by the global lender
SBP now holds just $5.821 billion, barely sufficient to meet 5-6 weeks’ worth of imports
SBP chief claims country’s reserves are expected to increase in the second half of ongoing fiscal year
China, Saudi Arabia to Provide $13b in Additional Support to Pakistan
by Staff Reportby Staff ReportFinance minister says the support includes loan rollovers, refinancing and currency swaps to help country’s economic situation
Rs. 1.8 trillion package includes interest-free loans; subsidized electricity and cheaper fertilizer
Policy paper advises seeking debt relief so disaster response can be prioritized over loan repayments
PTI chief tells Lawyers Convention economic stability can only be achieved through establishing rule of law
Government commits to raise gas prices, re-impose GST on fuel, and privatize four state-owned enterprises
Finance minister claims ‘progressive’ budget aims at breaking Pakistan’s dependency on foreign loans so it can become ‘truly independent’
Imran Khan’s ‘Flawed’ IMF Deal Led to Inflation, Currency Devaluation: Miftah Ismail
by Staff Reportby Staff ReportFinance minister claims incumbent government will fix ‘mess’ left by PTI-led government and restore economy
Information minister says government also working on enacting legislation to address use of ‘derogatory language’ on some TV channels, social media
Pakistan’s Economy Unsustainable if Citizens Don’t Pay Taxes, Warns P.M. Khan
by Staff Reportby Staff ReportPremier claims people will be encouraged to pay taxes if they see that public funds are being spent on their welfare
Pakistan’s prime minister distributes first completed houses, apartments at ceremony for Naya Pakistan Housing Program
Information minister reiterates claims of having to take out fresh loans to repay loans taken by previous governments