IMF’s $7 billion package: can Pakistan deliver on tough reforms this time?
Amid the expectation of obtaining approval from the IMF’s Executive Board on a bailout package of $7 billion under 37 months, Extended Fund Facility (EFF) for Pakistan’s economy is going to set the stage for undertaking tough structural reforms which were never implemented in the case of Pakistan.
QAU requests for Rs5 b govt bailout amid financial crisis
ISLAMABAD: The Academic Staff Association (ASA) at Quaid-i-Azam University has urged the government to allocate Rs5 billion to address a severe shortage of funds, jeopardising the university’s operations, as reported by Pro Pakistani. According to the ASA president, the university is facing a budget deficit of approximately Rs800 million, leading to
What does Pakistan need to do to get a fresh bailout package from IMF?
Pakistan’s economic managers are currently grappling with three pressing issues to stabilize the economy and achieve growth. Engaging with the IMF To navigate these challenges, the economic managers are actively engaging with the International Monetary Fund (IMF). They aim to convert ongoing discussions into formal talks for a new bailout
850cc cars price set to soar post-budget
WEB DESK: The Federal Board of Revenue (FBR), Pakistan’s principal tax authority, has proposed a significant increase in withholding tax for vehicles boasting an engine capacity of 850cc or higher. This move, if implemented, is poised to further burden prospective car buyers financially. Furthermore, the government is contemplating augmenting the
IMF warns of significant risks to Pakistan’s debt repayment capacity
IMF has expressed concerns over Pakistan’s ability to handle its debt amidst its economic challenges. The statement follows the arrival of an IMF support team in Pakistan to discuss a potential bailout package. According to the IMF’s recent staff report, Pakistan’s debt repayment capability faces significant risks, heavily reliant on