Talks between Pakistan and the IMF broke down late last year due to the IMF’s demand for a significant increase in interest rate to contain inflation, hike in electricity and gas tariffs, adoption of a totally free exchange rate regime and ensuring primary fiscal balance. PHOTO: FILE Talks between Pakistan and the IMF broke down […]

KARACHI: Pakistan Business Council (PBC) has launched 100-day economic agenda for the upcoming government. PBC Chief Executive Ehsan Malik said relying on short-term loans is not sustainable and an IMF programme is inevitable. The opposition and the government must take this opportunity to work together to revive domestic manufacturing. He said short-term solutions aim only […]

ISLAMABAD – Pakistan Tehreek-e-Insaf (PTI), the government in-waiting, is seriously contemplating various alternative plans to avoid International Monetary Fund (IMF) programme which according to PTI would hit its economic plan especially generating employment opportunities. PTI chairman Imran Khan, who is all set to become next Prime Minister on August 18, has reportedly asked Asad Umar […]

ISLAMABAD: Amid a policy decision on Friday to allow rupee depreciation, Pakistan and an International Mone­tary Fund (IMF) delegation concluded the first round of discussions on the country’s economy. Now members of the IMF delegation and Pakistan team are taking a two-day break to prepare for the policy-level wrap-up by Dec 13-14. A senior official told […]

ISLAMABAD: Pakistan plans launching another international bond in about 45 days to manage external vulnerabilities and said it would do everything possible not to go for another IMF programme in any circumstances. This came on the conclusion of 10-day comprehensive talks with the International Monetary Fund that identified a couple of near-term challenges mostly arising […]

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 […]