‘IMF was skeptical about Pakistan’s commitment due to past trust deficit’
- 14-Jul-2023
ISLAMABAD: The International Monetary Fund (IMF) executive board, which gave nod to $3 billion stand-by agreement (SBA), was “skeptical” about Pakistan’s commitment to fulfilling the conditions of the agreement due to the ‘past trust deficit’, its Managing Director (MD) said on Friday. IMF Managing Director Kristalina Georgieva made these remarks during a telephonic conversation with […]
Govt imposes new taxes worth Rs 215b to meet IMF conditions
- 24-Jun-2023
ISLAMABAD: Federal Government have imposed new taxes worth Rs 215 billion in the budget to meet International Monetary Fund (IMF) conditions, ARY News reported. Addressing the National Assembly Federal Finance Minister Ishaq Dar said that the petroleum development levy was increased from Rs50 to Rs60 per litre, claiming that the limit of the levy will […]
All conditions for IMF staff-level agreement met: Ishaq Dar
- 24-Jun-2023
ISLAMABAD: Federal Minister for Finance and Revenue Ishaq Dar said that Pakistan has fulfilled all necessary conditions of the International Monetary Fund (IMF) and “no hurdle is now left” in the signing of a staff-level agreement, ARY News reported on Saturday. Speaking on the National Assembly floor, the finance minister noted that the government […]
IMF conditions: Govt ends gas subsidy for exporters
- 29-Apr-2023
ISLAMABAD: The coalition government has withdrawn a subsidy on gas provided to the export sector, fulfilling another condition of the International Monetary Fund (IMF), ARY News reported. According to details, the federal government abolished the gas subsidy of Rs80 billion to export sector following which the Sui Southern Gas Company (SSGC) notified the termination of […]
NA passes Finance Supplementary Bill 2023
- 20-Feb-2023
ISLAMABAD: The National Assembly passed the Finance (Supplementary) Bill 2023, proposing additional taxes and duties of Rs170 billion to meet the conditions set by the International Monetary Fund (IMF), ARY News reported on Monday. The NA passed the Finance (Supplementary) Bill 2023, proposing additional taxes and duties of Rs170 billion to meet the IMF conditions […]
IMF conditions: Govt prepares plan to reduce Pakistan’s circular debt
- 06-Feb-2023
ISLAMABAD: The federal government has prepared a strategy to reduce circular debt of Pakistan following the conditions tabled by International Monetary Fund (IMF) to revive $7 billion Extended Fund Facility (EFF) stalled for months, ARY News reported on Wednesday, citing sources. According to details, the Ministry of Finance prepared strategy for the repayment of country’s […]
Shaukat Tarin shares IMF conditions for release of US$6 bn loan tranche
- 16-Nov-2021
ISLAMABAD: Adviser to Prime Minister on Revenue and Finance Shaukat Tarin on Tuesday said that a deal with the International Monetary Fund (IMF) for the release of another tranche of a US$6 billion loan will be made soon, ARY NEWS reported. In an informal discussion with the journalists, Shaukat Tarin shared that the IMF has […]
Shehbaz Sharif wants govt to bring IMF conditions in Parliament
- 25-Oct-2021
ISLAMABAD: Opposition leader in the National Assembly Shehbaz Sharif Monday demanded of the government to bring the conditions of the IMF before the Parliament. Pakistan Muslim League-Nawaz leader in a statement said the continuous hike in dollar’s rate predicts devastation for the national economy. “The history proves that increase in the US dollar’s price against […]