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Pakistan Seeks IMF Program Worth $6-8 Billion

DTD- Mar 5, 2024

Negotiations with the IMF will be scheduled, and entry into the IMF program is crucial. Islamabad: Pakistan's government has decided to approach the International Monetary Fund (IMF) for a new program worth 6 to 8…

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IMF Recommends Pakistan to Raise GST on Essential Items to 18%

DTD- Mar 4, 2024

IMF experts highlighted the need to end sales tax relaxation on various goods. Islamabad: The International Monetary Fund (IMF) has suggested that Pakistan should implement an 18% General Sales Tax (GST) on essential items such as food,…

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PTI protest today: Section 144 imposed in Islamabad

DTD- Mar 2, 2024

In Lahore the PTI protest will be held at GPO Chowk Mall Road at 11:00 am. ISLAMABAD: Former Prime Minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party is set to stage nationwide protest today, Saturday against the purported rigging…

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US Supports Pakistan’s Economic Reforms Efforts, Urges Continued Collaboration with IMF

DTD- Feb 29, 2024

Pakistan Receives Economic Relief with $2 Billion Loan Extension from China. Islamabad: In a positive development, the United States has expressed its support for Pakistan's endeavors to…

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Fitch Warns of Default Risks Amid Pakistan’s Post-Election Uncertainty

DTD- Feb 20, 2024

Next IMF bailout package would come with tougher conditions, says global rating agency ISLAMABAD: Fitch Ratings has warned that political uncertainty following the February 8 elections may complicate Pakistan’s efforts to secure a…

Pakistan

‘IMF to hold talks with Pakistan’s new govt for loan tranche’

DTD- Feb 12, 2024

IMF agreed to pay the interest on the PIA loan to the government of Pakistan for one year. ISLAMABAD: The International Monetary Fund (IMF) will hold talks with Pakistan’s newly elected government for disbursement of the final loan tranche…

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“Government Stands Firm on Salary and Pension Limits, Prioritizing Fiscal…

DTD- Jan 24, 2024

"Government Proposes Pension Reforms, Offering Federal Employees 70% Gross Pension and Early Retirement Option" Islamabad: "Government Stands Firm on Salary and Pension Limits, Prioritizing…

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IMF urges Pakistan to implement gas tariff hike for economic stability

DTD- Jan 21, 2024

The IMF emphasised the need for additional efforts in the gas sector. ISLAMABAD: (WEB DESK) In a recent development, the International Monetary Fund (IMF) projected that the gas tariff raise on November 1, 2023, will contribute to headline…

Pakistan secures nearly $6 billion from global sources in FY24

DTD- Jan 19, 2024

Bilateral development partners also played a crucial role, providing $138.72 million in December and $723.13 million in 6MFY24. Pakistan has secured external financing amounting to $5.968 billion in the first half of the fiscal year 2024…

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