Rs500bn mini-budget on cards as FBR fails to meet IMF demands
The International Monetary Fund (IMF) has demanded a mini-budget as the federal government failed to address IMF conditions including achieving tax targets in the current fiscal year. According to FBR sources, a mini-budget is expected to be released to meet the shortfall in tax collection in the first quarter of
IMF approves Pakistan’s bailout with US and China’s support: Finance Minister
Finance Minister Muhammad Aurangzeb credited the approval of Pakistan’s IMF bailout package to US assistance and Chinese cooperation. Moreover, the first tranche of $1 billion has been released under the new 37-month loan program. In an interview with Voice of America, the minister highlighted that US involvement and China’s support
Fitch upgrades Pakistan’s credit Rating to CCC+ following IMF deal
WEB DESK: Global credit rating agency Fitch has upgraded Pakistan’s long-term foreign-currency issuer default rating (IDR) to CCC+ from CCC, a significant improvement driven by the country’s recent deal with the International Monetary Fund (IMF). The upgrade, confirmed on Monday, reflects greater certainty over the continued availability of external funding
