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Pakistan and the International Monetary Fund (IMF) are currently engaged in high-stakes negotiations in Islamabad. The federal government has abandoned plans to introduce a mini-budget for FY 2024-25, opting instead for an alternative plan to address the Rs. 605 billion shortfall. According to sources, Pakistan is facing a significant financial shortfall, with a staggering Rs….
The stock market maintained its bullish momentum on Tuesday, driven by optimism over the upcoming federal budget, expectations of an expansion in the International Monetary Fund (IMF) loan programme, and strong economic indicators. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index surged 1,559.5 points (1.36%) to reach an intraday high of 115,889.60, while the session’s…
An International Monetary Fund (IMF) team on Monday landed in Pakistan to discuss climate financing. As per details, discussions will focus on green budgeting, climate spending tagging, tracking, and reporting. For the upcoming fiscal year 2025-26, the government is considering imposing a carbon levy, with initial proposals set to be discussed in the next round…
International Monetary Fund (IMF) Resident Chief in Pakistan Mahir Binici has linked Pakistan’s existing economic challenges due to debt burden to Islamabad’s inability to generate revenues up to the potential. “There is a higher burden of taxation on the formal sector,” the IMF official said while speaking at a conference on “Retail Reimagined: Innovate, Collaborate…
Listen to article Fitch Ratings has outlined that Pakistan’s ability to continue progressing with structural reforms will be a decisive factor in shaping its credit outlook in the coming years. As the country aims to restore economic stability and bolster external financial reserves, the success of these reforms will be pivotal in maintaining access to multilateral and…
Finance Minister Muhammad Aurangzeb has assured the government’s resolve to stand firm by its commitments to the $7 billion International Monetary Fund (IMF) programme. “We are in a three-year Fund programme and know where we are, what we have committed and we are going to stay firm on those commitments,” said the finance minister while…
The International Monetary Fund (IMF), has downgraded Pakistan’s gross domestic product (GDP) growth projections for 2025 to 3% from the previous forecast of 3.2% in October 2024. In its “World Economic Outlook Update Global Growth: Divergent and Uncertain,” the IMF said that it expects the country’s GDP growth to remain at 4% in 2026. The…
