Breaking News
The federal government is set to launch a Voluntary Pension Scheme starting from July 1st, replacing the existing traditional pension system. This transition comes as a response to demands from the International Monetary Fund (IMF) and aims to streamline pension provisions for government employees in Pakistan. Under this new scheme,
Government
Pakistan has allocated Rs140 billion to government-operated power plants to address the issue of circular debt in the energy sector, as per the requirements set by the International Monetary Fund (IMF). This move is part of Pakistan's efforts to decrease circular debt in the energy sector by
National
Pakistan, a country with a diverse population of over 200 million, faces significant economic challenges that contribute to widespread poverty. According to the World Bank, more than 39.4% of the population lives below the poverty line. This article aims to provide readers with insights into how they can support
Corporate
Pakistan's economy has faced tremendous challenges of macroeconomic imbalances, supply shocks, and international economic slowdown, which has dampened growth in the past two years. The World Bank's latest Pakistan Development Update has estimated that the country's economy contracted by 0.6% in FY23 due
Government
The International Monetary Fund (IMF) has revised Pakistan's foreign loan requirements for the current fiscal year, reducing it by $3.4 billion to $25 billion. The IMF's adjustments, made during the first review talks of the $3 billion bailout package, also included a lowering of the
World
Pakistan has formally communicated to the International Monetary Fund (IMF) its intention to introduce an indicative income-based tax targeting retailers, with the aim of augmenting their annual contribution to the tune of Rs100 billion to Rs200 billion. Government sources reveal that this proposal is slated for implementation in January
National
The International Monetary Fund (IMF) has raised concerns over the timing of Pakistan's next general elections and the functioning of the Special Investment Facilitation Council (SIFC) during discussions with Pakistani authorities. The topics were addressed during a meeting between Nathan Porter, the IMF's mission chief to
National
Interim Finance Minister Dr. Shamshad Akhtar highlighted the significance of Pakistan's monetary policy in addressing the country's economic challenges caused by fiscal imbalances. She pointed out that the ever-widening gap between revenue and spending necessitates the utilization of the key interest rate to rectify the
World
Dr. Shamshad Akhtar, Pakistan's Caretaker Finance Minister, has highlighted the nation's unwavering dedication to fostering economic prosperity and promoting international financial cooperation. Her remarks were made during a significant meeting with IMF Chief Kristalina Georgieva, which included finance ministers from the Middle East, North Africa, and
Breaking News
Pakistan's Finance Minister, Dr. Shamshad Akhtar, is currently attending the annual meetings of the International Monetary Fund (IMF) and the World Bank, seeking one-on-one meetings with the heads of these influential financial institutions. While the Minister has yet to secure these meetings, discussions with the next
World
The International Monetary Fund (IMF) and the World Bank have embarked on their first annual meetings on the African continent in half a century. Against the backdrop of pressing concerns surrounding mounting debt and the climate crisis that disproportionately affects impoverished nations, these vital financial institutions have been urged to
Government
Former finance minister Ishaq Dar has expressed optimism regarding the upcoming IMF economic review, anticipating that its success will pave the way for Pakistan to receive a substantial installment of $700 million. In a recent statement, he underscored the importance of all forces within the country working collaboratively, emphasizing that