IMF
FBR Revenue Falls Short by Rs. 90 Billion in October
2 min read
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
2 min read
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
3 min read
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”
2 min read
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
2 min read
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
2 min read
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
2 min read
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
2 min read
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
2 min read
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…
China to give $2 billion loan to Pakistan
2 min read
China has agreed to give $2 billion loan to Pakistan that will be categorized as an “official bilateral inflow” to ease pressure on the next…
IMF says cryptocurrencies are no risk to global financial stability
2 min read
Cryptocurrencies may be getting popular for their volatile nature and unstable price point but that does not mean that they are going to disrupt global…
