BEIJING: China’s massive debt is on a “dangerous” path, raising the risk of a sharp slowdown in growth, the IMF warned on Tuesday, urging Beijing to speed up structural reforms. The International Monetary Fund (IMF), which has repeatedly warned China over its ballooning debt, said in a new report that the world’s second largest economy […]

Amid political turmoil the country’s internal and external accounts appear to be entering uncertain territory. The fiscal account, after showing marked stabilisation over the past four years, has started a downhill journey as evident from the 2016-17 budget deficit that was higher than a year before as tax machinery was Rs250 billion behind target. The […]

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 […]

KARACHI: The Internat­ional Monetary Fund’s (IMF) World Economic Outlook (WEO) on Monday projected that growth will slow down in Middle East, North Africa, Afghanistan (MENA) and Pakistan region and slip to 2.6 per cent in 2017 but will recover to 3.3pc in 2018. The forecast reflects primarily a slowdown in activity in oil exporters, before […]

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 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 […]