KARACHI: A welter of new revenue measures could become necessary this fiscal year, according to the International Monetary Fund (IMF) Article IV report released earlier in the week. The IMF projects a shortfall equal to 1.5 per cent of GDP just to meet the revenue target set by the government. The amount is around Rs480 […]

ISLAMABAD: The International Monetary Fund (IMF) has said that Pakistan’s gross external financing requirements would amount to $16.2 billion in the new fiscal year – a projection that does not fully reflect implications of external vulnerabilities the global lender itself mentioned in the same report. A critical review of the IMF’s Article-IV report on the state […]

ISLAMABAD: The Inter­national Monetary Fund (IMF) has advised Pakistan to completely eliminate inequitable subsidy on electricity tariff and replace it with direct cash transfers to the deserving to lift them out of poverty. In its latest report on Pakistan under Article-IV consultations with the government, the IMF also highlighted challenges being faced by the flagship […]

ISLAMABAD: Pakistan and International Monetary Fund (IMF) remained poles apart in their assessment of the country’s economy, as Islamabad took an optimistic view of the external and fiscal sector while the global lender cautioned about emerging challenges that are posing risks to the favourable outlook. The IMF once again sought significant devaluation of the Pakistani rupee […]

WASHINGTON –  With fears rising that the Trump administration will follow through on its threats to raise trade barriers, world finance ministers are united on one message: protectionism threatens the global economy. Except that the word “protectionism” was omitted from the final statement of the International Monetary Fund’s semi-annual meeting Saturday. “We reaffirm our commitment […]

ISLAMABAD: In a stark warning, the Asian Development Bank (ADB) has said that Pakistan cannot avail full benefits of the China-Pakistan Economic Corridor (CPEC) without introducing drastic reforms in areas of energy, regulations and foreign currency regime. In its annual flagship Asian Development Outlook report the Manila-based lending agency released on Thursday, the ADB highlighted the […]

ISLAMABAD – Pakistan and the International Monetary Fund (IMF) will start Article 4 consultations in Dubai from today (Tuesday) and Islamabad will give a detailed briefing on the economic situation in the country to the Fund. The talks will continue from March 28 to April 5 in Dubai. IMF officials had refused to visit Pakistan […]

WASHINGTON: The Interna­tional Monetary Fund (IMF) projected on Monday that the global economy, especially emerging and developing markets, will pick up pace in 2017 and 2018. Global growth is projected to be 3.4 per cent in 2017 and 3.6pc in 2018, a noticeable increase from the estimated 3.1pc growth for 2016. The growth forecast for […]

The writer is a former economic adviser to government, and currently heads a macroeconomic consultancy based in Islamabad. HOW is the economy shaping up in the wake of a recently concluded three-year IMF stabilisation programme that has been dubbed an outstanding success by the government? To answer this question, we need to critically examine a […]

ISTANBUL: Pakistan bid farewell to the International Monetary Fund (IMF) in September for the sixth time since its independence. The foreign exchange reserves rest in a satisfactory range of above $20 billion and oil prices are set to remain ridiculously low. Optimists will claim that the adieu is definitive, however, history suggests otherwise. IMF Managing […]