The International Monetary Fund (IMF) has sought an explanation from the Pakistan government for not imposing a tax on big shops measuring 1,000 square feet, ARY News reported. ARY News is a Pakistani news channel. Pakistan’s Federal Board of Revenue (FBR) chairman confirmed that the IMF...
Pakistan Gets $2.75 Billion in COVID-19 Support Funds From IMF More Reuters FILE PHOTO: A resident receives a dose of coronavirus disease (COVID-19) vaccine at a drive-through vaccination facility in Karachi, Pakistan August 3, 2021. REUTERS/Akhtar Soomro ISLAMABAD (Reuters) - ...
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Pakistan's central bank has received $1.2 billion from the IMF as the first tranche of a $3 billion bailout to stabilise the economy, Finance Minister Ishaq Dar said on Thursday, a day after the global lender's board approved the package. Having teetered on the brink of a sovereign debt...
Pakistan's finance minister Asad Umar has stepped down from cabinet, he announced Thursday, ahead of securing a crucial bailout deal with the International Monetary Fund.Umar, one of cricketer-turned-premier Imran Khan's most powerful ministers, had been
Pakistan's central bank reserves fell $74 mln to $4.38 billion, barely a month's worth of imports, according to data released on Thursday. Pakistani Finance Minister Ishaq Dar said during a seminar on Thursday that Pakistan would not default, with or without the IMF, and that the...
Pakistan has taken all the measures needed to unfreeze a $6.5 billion credit line and expects to clinch the deal “any day now,” Commerce Minister Syed Naveed Qamar said in an interview in Washington Tuesday. Sri Lanka has completed a list of 15 tasks assigned by the lender to clinch...
Pakistan will receive a total of 6 billion U.S. dollars loan package over a period of three years from the IMF, local media reported. Earlier, Adviser to the Pakistani prime minister on Finance, Revenue and Economic Affairs Abdul Hafeez Shaikh said the IMF board approved the bailout package...
Pakistan's Federal Minister for Finance, Revenue, and Economic Affairs Asad Umar said that Pakistan was in urgent need of 12 billion U.S. dollars to stave off the balance of payment crisis, out of which, a major chunk would be acquired through the IMF loan. ...
The much-anticipated $7 billion bailout package from the IMF has faced furtherdelays. The IMF’s Executive Board did not include Pakistan’s request in its latest meeting schedule, citing the country’s failure to secure a timely rollover of $12bn in loans from friendly countries. This delay...