IMF
SBP Chief Reports October Remittances Exceed $3 Billion
KARACHI: The State Bank of Pakistan (SBP) is anticipating $500 million from the Asian Development Bank (ADB) this week, and higher foreign inflows are expected…
SBP Eases Policy Rate by 2.5% as Inflation Shows Steady Decline
The Monetary Policy Committee (MPC) of the State Bank of Pakistan decided to cut the policy rate by 250 basis points to 15 percent, effective…
Record Emigration: Economic Instability Forces Pakistan’s Best and Brightest to Depart
Economic challenges are prompting skilled workers to leave Pakistan, resulting in a significant talent drain from banks, hospitals, and multinational companies. Asad Ejaz Butt, a…
First Quarter Sees 60% Decrease in Foreign Aid to Pakistan
ISLAMABAD: In the first quarter of the current fiscal year (July-September), Pakistan’s foreign assistance inflows dropped 60% to $2.3 billion, from approximately $5.73 billion in…
FBR Revenue Falls Short by Rs. 90 Billion in October
The Federal Board of Revenue (FBR) is expected to face a revenue shortfall of Rs. 90 billion in October 2024 According to FBR sources, the…
Damning World Bank report says 30% Pakistanis will slip into poverty & food insecurity will triple
A damning World Bank report has revealed that over 30% of Pakistan’s rural population is slipping into poverty, while unemployment is also rising. The report…
Ex-IMF official & State Bank’s current governor, Raza Baqir calls for an end to SBP’s accountability
The current governor of the State Bank of Pakistan (SBP), who used to oversee the IMF’s operations in Egypt, before being appointed as the SBP’s…
IMF approves $500 million tranche for Pakistan after noting “satisfactory progress”
The International Monetary Fund (IMF) approved a $500 million disbursement to Pakistan for budgetary support after its Executive Board completed delayed reviews of Pakistan’s $6…
PM Imran Khan approves increase in electricity prices by as much as 25%: report
Prime Minister Imran Khan has finally given the green light to the long-rumored increase in electricity prices. The move has been motivated by the need…
Never-ending debt? Govt signed $10.5 billion worth of loan deals in FY20
According to the Annual Report on Foreign Economic Assistance published by the Ministry of Economic Affairs, Economic Affairs Division (EAD), the Government of Pakistan (GOP)…
IMF lowers Pakistan’s growth forecast to 1 percent for FY2020-21
The International Monetary Fund (IMF) has revised its previous estimate and predicted that Pakistan’s economy might only grow by 1 percent, as opposed to the…
US Dollar hits another peak against Pakistani Rupee
Another bad news for Pakistanis. The US Dollar has reached another all-time high against the Pakistani Rupee today as it hit Rs. 161.50 in the…
Asad Umar steps down amid financial crisis in the country
The Finance Minister of Pakistan Asad Umar announced on Twitter that he is stepping down from his position and that he has obtained the Prime…
