Pakistan pursues economic diversification with launch of yuan-denominated Panda bonds
Pakistan plans to launch a yuan-denominated Panda Bond by the end of the current fiscal year in May-June 2025 to enter into the Chinese market to raise $200 million in the first stage.
No sales tax on petroleum products, says Finance Minister
Finance Minister Muhammad Aurangzeb confirmed on Tuesday that the federal government will not impose a sales tax on petroleum products. Speaking informally with reporters, Aurangzeb also hinted at optimism regarding Pakistan’s agenda for the $7 billion IMF bailout, as the IMF Executive Board is set to meet at the end
What happened during the talks between Pakistan and the IMF?
Pakistan and the International Monetary Fund (IMF) are in ongoing discussions regarding a new bailout package to address economic challenges. Sources familiar with the negotiations revealed that both the sides exchanged views to meet the financial needs for the upcoming fiscal year. According to sources, Pakistan discussed the initial estimates