According to sources, this initiative is a key condition of the International Monetary Fund’s (IMF) new $1.3 billion Climate Resilience loan program, spanning 28 months. Pakistan aims to raise Rs30 billion through the PSX to address funding challenges for eco-friendly projects, including the issuance of Rs30 billion in Sukuk bonds for three hydropower projects, sources […]
The FBR has however managed an impressive 30% year-over-year income rise in spite of this shortage, with total revenues from July to April surpassing Rs 8,500 billion. With a target of Rs 10,130 billion for the period, the income gap from July to April is Rs 815 billion. Rashid Mahmood Langrial, the chairman of the […]
During the meeting, the IMF board is expected to approve a disbursement of $1.1 billion for Pakistan under the ongoing financial program. According to the IMF statement, the first Review under the Extended Arrangement under the Extended Fund Facility, the request for modification of performance criteria, and the request for an arrangement under the Resilience […]
Electricity tariffs have surged, but the affluent entrepreneur has been unbothered since he spent $7,500 installing solar panels on his bungalow’s roof as part of a solar boom in Pakistan. Saleem bought his modules two years ago, as the International Monetary Fund and economically beleaguered Pakistan were hammering out a preliminary bailout program. Under the […]
Muhammad Aurangzeb started his engagements by meeting with VISA’s Regional Vice President, Andrew Torre. H They expressed appreciation for VISA’s contribution to the digitalization of Pakistan’s economy and the introduction of its various financial products, according to a press release issued by the finance ministry here Friday. He noted that VISA’s decision to triple the […]
This marks the second time the government has released an Expression of Interest (EOI) for PIA under the current administration. According to officials, the government is offering to sell between 51 percent and 100 percent of its shares in the national carrier. Interested buyers must submit their applications by 3rd June, accompanied by a non-refundable […]
As per details shared by sources, the federal development budget it is proposed to raise the Public Sector Development Programme (PSDP) allocation from the current Rs1,100 billion to Rs2,000 billion. Sources indicate that the increased allocation will be utilised to complete ongoing development projects under the Rs2,000 billion development outlay. Fewer than 100 new development […]
According to the IMF outlook report, this falls short of Pakistan’s ambitious target of 3.5% economic growth set for the same period. The IMF also forecasts an inflation rate of 6.5% for the fiscal year, indicating persistent price pressures. Additionally, the debt-to-GDP ratio is expected to reach 73.6%, reflecting a significant debt burden on the […]
As per details, Pakistan government has released 81 per cent of the total development funds so far, while over Rs424.19 billion have been spent so far. Out of the Rs50 billion allocated for parliamentarians’ schemes in the current fiscal year, Rs48 billion have already been released, with approximately Rs35 billion spent so far. Sources add […]
According to sources, IMF Managing Director Kristalina Georgieva highlighted systemic flaws in Pakistan’s governance structure during a meeting with Finance Minister Muhammad Aurangzeb. The IMF expressed reservations about widespread corruption risks, citing weak institutional accountability and fragmented decision-making processes, sources said. The Fund further said that political meddling in appointments undermines the credibility and efficiency […]
