IMF appreciates Pakistan’s efforts to normalize situation: SBA Meeting
The International Monetary Fund Mission Chief, Nathan Porter appreciated the government’s commitment to meeting the first Quarter targets and commended its efforts and measures taken in some critical areas.
Adil Aziz
Pakistan’s economic growth gain momentum: Economic Outlook Report
The economic indicators of first quarter of the current fiscal year (2023-24) show Pakistan’s economy had set the growth momentum and was yielding positive results owing to government’s stabilization measures, according to the finance ministry.
SBP forecast GDP growth FY 23-24 around 2 to 3 Percent
he State Bank of Pakistan said that Pakistan’s economic situation started to show some early signs of improvement and real GDP growth is expected to remain in the range of 2-3% while inflation may subside to 20 to 22% in FY24.
Editor
Pakistan needs ‘careful’ economic management to get macroeconomic stability: WB country director
The World Bank suggested Pakistan to undertake the much-needed fiscal reforms including a reduction in tax exemptions and broadening of tax base, terming them “critical” for economic stability and sustainable economic growth. “Careful economic management and deep structural reforms will be required to ensure macroeconomic stability and growth,” WB Country Director for Pakistan Najy Benhassine…
Political stability can to boost business confidence in Pakistan: ADB report
The Asian Development Bank said in its recent report that political stability after upcoming elections in Pakistan could boost business confidence and pave way for new standby arrangement with International Monetary Fund (IMF). “Political stability following general elections later this year, if achieved, will boost business confidence, as will a new standby arrangement agreed with…
Pakistan inflation surges again in September as fuel prices rise
PAKISTAN’S inflation in September rose for the first time in four months after the government raised fuel prices to meet International Monetary Fund’s conditions for an ongoing US$3 billion bailout programme. Consumer prices jumped 31.44 per cent in September from a year earlier, according to data from the Pakistan Bureau of Statistics. The reading exceeds…
IMF sees interest rates remaining high for ‘quite some time’
EMERGING markets face a more volatile and uncertain future, and must rebuild fiscal buffers, boost revenues, diversify trade and gird for trillions of dollars in annual climate change costs, the International Monetary Fund’s No 2 official said. IMF First Deputy Managing Director Gita Gopinath told the biennial conference of the South African Reserve Bank that external…
Dar pledges to raise foreign reserves to $15 Billion
Minister for Finance and Revenue, Muhammad Ishaq Dar pledged to increase the country’s foreign exchange reserves from $14 billion to $15 billion in the next seven weeks. Speaking on a Point of Order in the Senate, Dar mentioned that the past 11 months had been challenging due to predictions from rating agencies about Pakistan’s potential…
PM calls for political stability for attracting foreign investment
Prime Minister Shehbaz Sharif Sunday called for political stability to attract foreign investment and pull the country out of the present economic difficulties. Speaking to the office bearers of Faisalabad Chamber of Commerce and Industry and prominent businessmen, he urged that politics should be put aside in the matters of economy and all stakeholders including…
Dar refutes rumors of imposition new taxes on agriculture, real estate sectors
Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar firmly denied media reports claiming the imposition of additional taxes on agriculture and real estate sectors to meet the International Monetary Fund’s (IMF) requirements. “I am categorically announcing on the floor of the house that there will be no new taxes on agriculture and real…