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, reported citing sources. According to sources, Pakistan is facing a significant financial shortfall, with a staggering Rs. 605 billion needed to meet its financial obligations. Earlier, the government was […]
As per details shared by credible sources, a September deadline has been set for government officials to declare their assets in compliance with the IMF requirements. IMF delegation is currently in Pakistan for review talks to unlock a $1 billion loan tranche of the ongoing $7 bln program. Sources said the Pakistani authorities will share […]
The successful talks could lead to the release of the next $1 billion tranche from the IMF for Pakistan. A presentation was given to the IMF delegation led by Nathan Porter, over economic indicators from July to February. Pakistan’s delegation headed by Finance Minister Muhammad Aurangzeb briefed the IMF team about fiscal deficit, primary balance, […]
Leftist President Anura Kumara Dissanayake’s maiden budget raised public sector salaries but also made deep cuts to longstanding perks in a continuing effort to repair the island nation’s tattered finances. Sri Lanka’s main doctors’ union is considering a strike from Wednesday to protest against cuts to their allowances, while teachers are also considering stoppages. IMF […]
The nine-member mission led by Nathan Porter landed in Pakistan today to assess Pakistan’s economic performance to determine the release of the next $1 billion tranche. As per details from sources, talks got underway between Pakistan and IMF for a $1 bln loan tranche under the $7 bln loan program. During the talks, the IMF […]
The delegation will hold talks with Pakistani officials in Islamabad, with the discussions expected to continue until March 15, the sources said. A meeting between the delegation and representatives of the finance ministry began in Islamabad. The negotiations will take place in two phases: technical discussions in the first phase, followed by policy-level talks in […]
An IMF delegation arrived in Pakistan on Monday to discuss climate financing with the authorities. The lender’s team objected to the proposed sales tax relief on electric vehicles and rejected the relief offered in the country’s electric vehicle policy, sources said. The IMF team also opposed sales tax concession in local sales of the parts […]
“The economic review and talks will continue until March 15,” sources said. The nine-member mission led by Nathan Porter will stay about two weeks and assess Pakistan’s economic performance to determine the release of the next $1 billion tranche. The IMF mission will also present its recommendations for the next financial year’s budget, sources said. […]
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 of negotiations. The IMF delegation is expected to provide recommendations regarding the levy. The talks, […]
According to IMF representative, Mair Benitez, the delegation will hold discussions with Pakistani authorities on the first review under the loan program. In addition to reviewing the loan program, the IMF delegation will also discuss Pakistan’s request for climate financing. Furthermore, a technical team from the IMF will visit Pakistan at the end of February […]
