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▶️ Business & Economy Updated 11 Jun, 2024 10:22pm

There are no sacred cows, says Aurangzeb as Pakistan registers 2.38% GDP growth

Presents Pakistan Economic Survey ahead of annual budget on Wednesday (tomorrow)

Pakistan Published 11 Jun, 2024 10:07am

Budget Strategy Paper still pending as talks with IMF continue

Even the broad contours of the budget have not been shared with the cabinet

Business & Economy Published 10 Jun, 2024 05:21pm

Pakistan’s budget will aim to set stage for IMF bailout

It will also be first test for new Finance Minister Muhammad Aurangzeb

Business & Economy Published 10 Jun, 2024 05:00pm

State Bank of Pakistan cuts key rate to boost economy

Decision to cut key rate to 20.5% comes two days ahead of annual budget

Business & Economy Published 09 Jun, 2024 11:43pm

Government mulls increasing petroleum levy to tackle circular debt

Also aims to utilise Gas Infrastructure Development Cess funds

Business & Economy Published 09 Jun, 2024 08:53am

US treasury department team to visit Pakistan to evaluate economy

The visit comes as Pakistan eyes another IMF program

Business & Economy Published 02 Jun, 2024 08:06pm

Pakistan, IMF at odds over exchange rate assumptions: report

Government pins hopes on World Bank, ADB disbursements to support rupee

Business & Economy Updated 01 Jun, 2024 12:50pm

PM, PTV retract tweets on massive decrease in petroleum prices

The PM had originally ordered Rs15.4 reduction in petrol price

Pakistan Published 31 May, 2024 09:04pm

IMF proposes spike in GST and taxes on salaried class in new budget: sources

The budget is set to be presented on June 10

Business & Economy Published 31 May, 2024 03:50pm

Budget to be presented on June 10, say sources

Budget was originally due to be presented on June 7 but was delayed because of PM Shehbaz’s visit to Beijing from June 4-8

Pakistan Updated 27 May, 2024 04:35pm

In meeting with Aurangzeb, US envoy highlights support for economic reform agenda

United States is committed to working with Pakistan, says Donald Blome

Pakistan Updated 24 May, 2024 09:17am

IMF, Pakistan make significant progress on new loan, says mission

Mission, authorities will continue policy discussions virtually over coming days aiming to finalise discussions, says Porter

Pakistan Updated 23 May, 2024 09:41am

Pakistan races to meet IMF’s prior actions deadline by June 30 for next bailout

Mission set to fly out on Friday without announcing staff level agreement

Business & Economy Updated 21 May, 2024 10:43am

IMF forecasts Pakistan’s defence budget at Rs2.152tr

Pakistan’s defence allocation is projected to be 1.72% of its gross domestic product

Business & Economy Published 20 May, 2024 10:10am

Pakistan, IMF to start policy level talks for new bailout package today: sources

Talks are expected to be around amount of the package

Business & Economy Published 17 May, 2024 03:23pm

IMF demands Pakistan cut down expenses

Interest payments on public debt surpass federal government’s net revenues

Business & Economy Published 17 May, 2024 11:06am

Govt likely to increase tax on immovable properties’ purchase

Taxation of real estate came under discussion during FBR, IMF talks

Pakistan Updated 16 May, 2024 05:41pm

IMF asks govt to expand social protection programs

Authorities tell IMF that Rs472 billion

Pakistan Published 15 May, 2024 12:06pm

IMF expresses serious concerns over uncontrolled circular debt in Pakistan

The circular debt in the energy sector has surged by Rs 150 billion

Business & Economy Published 13 May, 2024 11:55pm

Pakistan to finalise $8 bn deal with IMF by July, US Bank says

The IMF agreement is likely to affect budget policies

Business & Economy Updated 13 May, 2024 12:11pm

Pakistan ‘assures’ IMF of not taking loan from SBP in next fiscal year

Government says it will meet foreign debt obligations on time

Business & Economy Published 12 May, 2024 09:45am

IMF wants Pakistan to focus on ‘energy sector’ in next budget

Rates of electricity and gas should be determined according to the cost, say sources

Business & Economy Updated 10 May, 2024 10:28pm

Pakistan’s outlook remains challenging, says IMF report

Says downside risks remaining exceptionally high

Business & Economy Updated 07 May, 2024 11:42am

IMF asks Pakistan to impose Rs1.3tr of taxes in budget: report

Rs1.3tr additional taxes are equal to 1% of size of next year’s economy

Business & Economy Published 05 May, 2024 09:40pm

IMF says its mission will visit Pakistan this month to discuss new loan

Pakistan is expected to seek at least $6 billion and request additional financing

Pakistan Published 05 May, 2024 09:25pm

Political parties should bring their own finance minsiters, Zubair says

Adds that Stock Market is manipulated by a few dozen people

Business & Economy Published 03 May, 2024 11:38am

IMF ‘proposes’ Pakistan to tax pensioners

IMF mission to visit Pakistan on May 15

Pakistan Published 03 May, 2024 10:45am

US supports Pakistan’s efforts to reach agreement with IMF

Administration encourages govt to expand economic reforms, says State Department spokesperson

Business & Economy Updated 30 Apr, 2024 06:28pm

Pakistan receives final $1.1 billion SBA tranche

International lender disbursed $1.1b, the last tranche of fun under SBA

Business & Economy Published 30 Apr, 2024 08:17am

IMF acknowledges progress as Pakistan completes SBA program, secures final tranche

Executive Board approves release of $1.1 billion