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The hosts of the most recent UN climate talks are worried international lenders are retreating from their commitments to help boost funding for developing countries’ response to global warming. This anxiety has grown as the Trump administration has slashed foreign aid and discouraged US-based development lenders like the World Bank and the International Monetary Fund…
The equity market rose sharply on Wednesday amid strong investor confidence in the newly announced federal budget, with analysts pointing to favourable tax treatment and IMF-aligned fiscal discipline as key drivers of sentiment. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index climbed to an intraday high of 124,135.96, gaining 2,111.52 points, or 1.73%, and touched…
Pakistan and the International Monetary Fund (IMF) are edging closer to an agreement on proposed tax relief for the salaried class in the upcoming 2025–26 federal budget. However, meeting the ambitious revenue target of Rs14.2 trillion will pose a significant challenge, particularly in light of the widening shortfall against the revised tax collection goal of…
The International Monetary Fund (IMF) has raised concerns over Pakistan’s plan to allocate 2,000 megawatts (MW) of electricity for cryptocurrency mining. According to sources, the IMF demanded details on the pricing of cryptocurrency mining power supply. During ongoing budget negotiations for the fiscal year 2025-26, the IMF instructed Pakistan to avoid offering subsidized rates for…
The International Monetary Fund (IMF) has announced that discussions on Pakistan’s fiscal year 2026 (FY26) budget will continue over the coming days, following the conclusion of a staff-level visit to Islamabad. The mission’s conclusion comes hours after the federal government announced it would now present the Budget 2025-26 on June 10, a delay from the…
International Monetary Fund (IMF) Director of Communications, Julie Kozack, firmly responded to an Indian journalist’s provocative question regarding funding for Pakistan during the press briefing. During a press briefing, Indian journalist had asked Kozack whether Pakistan could use IMF funds to support cross-border terrorism. Julie Kozack categorically rejected the notion, stating that the IMF loan…
An employee counts Pakistani rupee notes at a bank in Peshawar. — Reuters Economic survey to be unveiled on June 9 as part of budget preparations. No agreement reached with IMF on budget targets in recent negotiations. Talks with IMF will continue into next week to finalise budget details. The federal government will now present…
A view of the International Monetary Fund logo at its headquarters in Washington, DC, US, November 24, 2024. — Reuters Defence spending exempted amid security considerations. Pakistan seeks $1bn in commercial loans from UAE. Government aims to finalise IMF-aligned budget by June. ISLAMABAD: The visiting International Monetary Fund (IMF) team has indicated its unwillingness to…
The International Monetary Fund (IMF) pressed Pakistan to expedite the privatization of state-owned enterprises as part of ongoing budget negotiations for the 2025-26 fiscal year. According to sources, the discussions, now in their final phase, focused on privatization and rightsizing strategies to align with the IMF’s $7 billion loan program conditions, aiming to reduce the…
The International Monetary Fund (IMF) logo is seen inside its headquarters in Washington, US. — Reuters/File IMF demands phase-out of all industrial zone incentives by 2035. Pakistan must enforce agriculture tax, energy reforms, levy laws. FY26 budget needs IMF-aligned approval, with focus on reforms. ISLAMABAD: The International Monetary Fund (IMF) has introduced new structural benchmarks…
