Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
According to reports the incumbent government has increased the electricity tariff in order to service bank loans ahead of upcoming talks with the International Monetary Fund (IMF). The increase, which will be visible in consumer electricity bills next month, is expected to be about 43 paisa per unit, and the government intends to raise around […]
The bank of the BRICS, ie the group of countries comprising Brazil, Russia, India, China and South Africa, is emerging. It will be based in Shanghai. Its first president will be Indian, his first director general, Brazilian and its first governor, Russian. It was born to confront, from a financial point of view, ” deficits […]
It has been reported from Karachi that Pakistan has now received a fourth instalment of the International Monetary Fund (IMF). This loan was approved last year in order to bolster the economy of the country. The total amount received by Pakistan is $556m. The IMF team reviewed the economic conditions in Pakistan before releasing the […]
It is being reported that an IMF (International Monetary Fund) delegation will reach Islamabad by the start of next week in order to access the performance of the country according to the targets which were agreed upon after giving out a loan. Reports suggest that the delegation will be present in the capital city of […]
Opposition lawmakers in the National Assembly Tuesday demanded of the government to apprise the house of the terns and conditions of the recent IMF loan. The House started discussion on a motion moved by Dr. Raja Aamer Zaman regarding terms of International Monetary Funds to get loan worth 5.3 billion dollars. The mover said since […]
The Economic Coordination Committee of the Cabinet was informed by the Governor State Bank of Pakistan on Saturday that SBP had received the first installment of US $ 550 million from the International Monitoring Fund thus increasing the Foreign Exchange Reserve to US $ 10.4 billion. This was disclosed when the ECC was discussing the […]
Finance Minister Ishaq Dar says the first installment of 6.64 billion dollars loan approved by the International Monetary Fund (IMF) will be received soon. Addressing a joint news conference with Punjab Chef Minister Shahbaz Sharif in Islamabad today (Thursday)‚ he said it will help enhance reserves of the country. The IMF has approved a […]
The International Monetary Fund (IMF) has approved a 6.7-billion-U.S. dollar loan program for Pakistan to support the country’s economic reform to promote inclusive growth. The three-year loan arrangement under the Extended Fund Facility (EFF) was authorized by the IMF’s executive board, and the approval enabled an initial disbursement of 540 million dollars, the IMF said […]
Pakistan would get 12 billion dollars from multilateral institutions as budgetary support or funding for projects during the next three years, Finance Minister Ishaq Dar said Monday. Briefing newsmen about state of the economy in Islamabad, he said this would fully protect the country against liabilities and obligations and it will find no difficulty in making […]
The National Assembly Thursday passed “The Finance Bill‚ 2013” giving legal effect to the budgetary proposals for the next fiscal year. Finance Minister proposed amendments for incorporation in the Finance Bill including the one relating to collection and Levy of Sales Tax and Excise Duty as well as Income tax slabs. Amendments in the […]
Pakistan’s debt and liabilities have risen to 68 percent of the total size of economy or 15.2 trillion Pakistani rupees, a level which is all time high, according to data released by State Bank of Pakistan (SBP). According to SBP, the increase in the debt burden is mainly the result of a federal budget […]
International Monitory Fund (IMF) mission in Pakistan chief Jeffrey Frank said the IMF cannot write off or restructure Pakistan’s loan. While speaking to the media, Frank said Pakistan has not formally sought a new program, adding that if they did want to seek a new program their economic strategy must radically change as losses […]
