No additional tax being imposed on agriculture sector income: Bilal Azhar Kayani
Coordinator to Prime Minister on Economy and Energy Bilal Azhar Kayani categorically said that the government had no plan to impose additional tax on income of agriculture sector. he said it was unfortunate that those who pushed the country to the verge of default were now attempting to dent the International Monetary Fund (IMF) programme….
Adil Aziz
IMF transfers $1.2 Billion to Pakistan
In total around $4.2 billion were added to the country’s foreign exchange reserves during the week including $2 billion from Saudi Arabia, $1 billion from United Arab Emirates and $1.2 billion from IMF The International Monetary Fund (IMF) transferred US$1.2 billion to State Bank of Pakistan (SBP) out of total $3 billion under the Stand-By…
IMF Board approves Stand-by Agreement of $3 Billion for Pakistan
The International Monetary Fund (IMF) Executive Board approved the Stand-by Agreement (SBA) for US$ 3 billion for Pakistan, according to short statement shared by the fund on its website. Federal Minister for Finance and Revenue, Mohammad Ishaq Dar also shared the news about the development. The new SBA would support government’s immediate efforts to stabilize…
Pakistan, US discuss ways to enhance economic cooperation
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar and Ambassador of the United Stated of America to Pakistan, Donald Blome exchanged views about areas of common interest and enhancing existing bilateral relations between the two countries. Finance ministry the discussion was made during the call on meeting of US Ambassador with the finance…
Pakistan, IMF reach US$3 Billion Stand-By Arrangement
The International Monetary Fund (IMF) and Pakistan have reached to nine-month Stand-By Arrangement (SBA) of around US$3 billion. “I am pleased to announce that the IMF team has reached a staff-level agreement with the Pakistani authorities on a nine-month Stand-by Arrangement (SBA) in the amount of SDR 2,250 million (about $3 billion or 111 percent…
IMF agreement inevitable for Pakistan: ICCI
Islamabad Chamber of Commerce and Industry (ICCI) President Ahsan Zafar Bakhtawari Islamabad Chamber of Commerce and Industry (ICCI) President Ahsan Zafar Bakhtawari said the International Monetary Funds (IMF) agreement was inevitable for a sustainable economic base in Pakistan. However, the government would have to take decisions keeping in view the country’s economic recovery, he said…
Govt firmly committed to IMF programme, keen to complete 9th review
The Ministry of Finance said the coalition government was fully committed to the Internal Monetary Fund (IMF) programme and keen to at least complete the 9th review as it had already taken many difficult and politically costly decisions in that context. Responding to the statement of IMF’s Resident Representative Ms Esther Perez, the Finance Ministry…
Asset rich Pakistan can survive without IMF support: Ishaq Dar
Minister for Finance and Revenue Senator Mohammad Ishaq dar reiterated that Pakistan was an asset rich country and it could survive without any support from the International Monetary Fund (IMF). Briefing the Senate’s Standing Committee on Finance and Revenue, the minister stated that the annual budget had been prepared without the Fund’s consultation, whose reservations…
Govt vows to continue to tread path of reforms to stabilize economy
The government has vowed to continue to tread the path of reforms to stabilize the economy and steer it towards the path of sustainable growth. In a statement on Saturday, the Ministry of Finance strongly rejected the assertions made by a prominent economist Atif Mian about Pakistan’s economy, terming them misplaced. The Ministry of Finance…
Finance Minister holds virtual meeting with President AIIB
Minister for Finance and Revenue Senator Mohammad Ishaq Dar held a virtual meeting with Jin Liqun, President Asian Infrastructure and Investment Bank (AIIB). The meeting was part of the International Monetary Fund (IMF), World Bank Spring meetings 2023, a press release issued by the Ministry of Finance said. Minister of State for Finance and Revenue…