Georgieva has navigated the IMF “through difficult times over the last years”, Lindner said on X, formerly known as Twitter. “I am convinced that she is exactly the right person to steer the institution through the challenges ahead and to strengthen the IMF as an advocate for structural reforms in our economies.” Bulgarian economist Georgieva, […]
Senator Faisal Saleem Rahman has made history by becoming the first Pakistani lawmaker to be chosen as a member of the International Monetary Fund (IMF) and World Bank’s parliamentary board. Starting his six-year term in March 2021, Senator Faisal represents Khyber Pakhtunkhwa in this role. The parliamentary board, which includes representatives from 140 countries, works […]
According to details, the newly-elected PML-N-led government has decided to avail a fresh IMF loan program, and the Ministry of Finance has initiated actions on the directives of the premier. Pakistan is likely to seek a $6 to 8 billion loan program from the international lender and for this immediate contact will be made with […]
Before the new government begins discussions with the International Monetary Fund (IMF) about a long-term economic plan, the IMF has proposed increasing the general sales tax (GST) from 0% to 18% on various items, including petrol. The IMF estimates that this could generate approximately Rs. 1,300 billion, which would account for 1.3% of Pakistan’s Gross […]
The International Monetary Fund (IMF) has suggested that the Pakistani government include a number of items, such as unprocessed food, stationery, medications, POL products, and others, under the normal General Sales Tax rate of 18%. International Monetary Fund (IMF) has calculated that the reduction of GST rates might result in 1.3% GDP, or Rs1,300 billion, […]
The Federal Board of Revenue (FBR) has been advised by the International Monetary Fund (IMF) to eliminate the tax exemption on private employers’ pension contributions, reduce the number of slabs from seven to four, and double the tax burden on salaried and non-salaried classes. According to IMF estimates, if the Personal Income Tax (PIT) recommendations […]
China has agreed to roll over a $2 billion debt on existing terms after initially seeking a hike in price, as Pakistan’s policy to maintain foreign exchange reserves through deposits by three countries is becoming costly due to a 118% surge in interest cost. The Ministry of Finance officials said that an understanding has been […]
Senator Zafar said that the engagement with the IMF should continue to “ensure financial discipline, good governance, and economic stability which is critical for the prosperity of the people of Pakistan”. However, shortly after Senator Zafar’s statement, Imran told the media that he had written a letter to the IMF addressing allegations of election rigging. […]
The agreement came after six days of meetings between Ukrainian officials and IMF staff in Warsaw, Poland as part of a third review of Ukraine’s $15.6 billion 4-year Extended Fund Facility (EFF) Arrangement with the IMF. The IMF said Ukraine’s progress on the program was “broadly on track”, noting that Kyiv met all structural benchmarks […]
Leader of the Pakistan Tehreek-e-Insaf (PTI), Ali Zafar, announced on Thursday that Imran Khan, who is now incarcerated, will write a letter to the International Monetary Fund (IMF) requesting that it halt its funding for Pakistan because of “rigged elections.” “Today, Imran Khan will send a letter to the IMF.” Zafar told reporters after seeing […]
