IMF projects Pakistan’s GDP growth at 3.2 per cent for FY25
The International Monetary Fund (IMF) has projected Pakistan’s GDP growth to reach 3.2 per cent during FY25, an increase from the 2.4 per cent recorded in the previous fiscal year. This forecast surpasses the Asian Development Bank’s (ADB) projection of 2.8 per cent growth for the current fiscal year. In
IMF approves Pakistan’s $7 billion loan
The IMF Executive Board has approved a $7 billion loan for Pakistan, aimed at providing financial relief over the next 37 months. Pakistan is expected to receive its first installment of $1 billion by September 30, with a second tranche to follow within the same fiscal year. Pakistani officials confirmed
PSX surges 764 points ahead of IMF board meeting
The Pakistan Stock Exchange’s 100 Index surged by 764.28 points, or 0.94 per cent, to close at 82,247.92 points, up from 81,483.64 points. Moreover, a total of 422,163,158 shares changed hands, increasing from 369,620,812 shares traded the previous day, with a total share value of Rs18.38 billion. Read More: Gold
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.
Pakistan nears $7 billion IMF bailout
Amid consideration of constitutional amendments with the assent of the Parliament, the International Monetary Fund (IMF) confirmed placing Pakistan on its executive board agenda on September 25 meeting for holding Article IV consultation and requesting an Extended Fund Facility (EFF) of $7 billion bailout package.
Economy shows signs of recovery amid govt-military collaboration
Pakistan’s economy is showing significant signs of recovery due to the coordinated efforts of the federal government and military leadership, dispelling widespread rumors of a possible default. Moreover, positive economic developments in recent days have signaled a brighter future of growth and prosperity for the country. The State Bank of
IMF board set to review Pakistan’s programme on Sept 25
The International Monetary Fund (IMF) has scheduled a board meeting for September 25 to review Pakistan’s $7 billion Extended Fund Facility (EFF). This follows the completion of the previous $3 billion loan program and significant policy adjustments by Pakistan, including a 40% tax revenue increase and energy price hikes. Moreover,
NEPRA increases electricity prices by Rs1.74 per unit
The National Electric Power Regulatory Authority (NEPRA) has increased the electricity price by Rs. 1.74 per unit, effective from September to November 2024. Moreover, NEPRA implemented this hike under the quarterly adjustment, which will apply to consumers across the country. The notification issued by NEPRA states that this price increase
Pakistan proposes Rs6 per unit electricity price cut to IMF
Pakistan has submitted a proposal to the International Monetary Fund (IMF) aiming to reduce electricity prices by Rs6 per unit, according to AAJ. This plan includes a provision for securing Rs2.8 trillion in funding from both federal and provincial governments. According to the Express Tribune, obtaining the necessary funding could
IMF rejects Pakistan’s appeal for tax exemption on stationery items
The federal government has been unable to persuade the International Monetary Fund (IMF) to grant a tax exemption on stationery items. Despite the Federal Board of Revenue’s (FBR) efforts during virtual discussions, the IMF has maintained the 14 percent sales tax on these items. Read More: Dewan Motors issues warning
