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The Pakistan Stock Exchange (PSX) witnessed a strong rally on Wednesday as investor sentiment turned bullish after the federal government unveiled its FY2025–26 budget. The benchmark KSE-100 Index surged by 2,111.52 points, or 1.73%, to hit an intraday high of 124,135.96. The index also recorded a session low of 123,237.99, still reflecting a significant rise …
Continue reading “CGT Relief Sparks Stock Market Rally Post-Budget”
Amid tight fiscal constraints imposed by the International Monetary Fund (IMF), the government is mulling a 5% to 7.5% increase in salaries and pensions for public sector employees in the upcoming Budget 2025–26. The Pakistan Peoples Party (PPP), a key coalition partner, is pushing for a 10% raise, either in the budget announcement or during …
Continue reading “Govt Considers 5–7.5% Salary, Pension Hike Under IMF Watch”
In a key breakthrough, the International Monetary Fund (IMF) has agreed to income tax relief for Pakistan’s salaried class in the upcoming federal budget for 2025-26. According to official sources, this marks a major concession from the IMF during budget negotiations with Islamabad. Tax-Free Limit Set to Rise One of the most notable proposals is …
Continue reading “IMF Agrees to Tax Relief for Salaried Class in Budget 2025-26”
The Pakistan Stock Exchange (PSX) extended its bullish run on Wednesday, with the KSE-100 Index climbing 1,347.99 points, or 1.12%, to close at a new all-time high of 121,798.86. This followed Tuesday’s impressive surge of over 1,500 points. During the session, the index touched an intraday high of 121,882.47, reflecting a gain of 1.19%. Even …
Continue reading “PSX Maintains Bullish Momentum as KSE-100 Hits Another Record High”
Pakistan’s upcoming IMF budget 2025-26 is set to bring tough tax reforms and subsidy cuts that may sharply raise inflation. To meet the IMF’s strict loan requirements, the government plans to widen the tax base and reduce the fiscal deficit. However, these steps could put added pressure on consumers and key sectors like agriculture and …
Continue reading “Govt Targets Revenue Boost with Tax Hikes in IMF-Backed Budget”
Pakistan’s federal budget announcement has been pushed to June 10 due to ongoing IMF budget negotiations that remain unresolved. Initially slated for June 2, the delay reflects the government’s struggle to align its fiscal goals with IMF requirements under the ongoing loan programme. Economic Survey Set for June 9 As per the finance ministry, the …
Continue reading “Budget Talks With IMF Delay Pakistan’s Federal Budget to June 10”
Pakistan’s economic recovery received a strong endorsement as the IMF delegation, led by Jihad Azour, met with President Asif Ali Zardari in Islamabad on Friday. The meeting focused on the country’s economic outlook and the progress of the ongoing IMF programme in Pakistan. The IMF praised the reform measures, calling the programme a step in …
WASHINGTON – The International Monetary Fund (IMF) has defended its recent $1.4 billion disbursement to Pakistan, rejecting Indian objections and confirming that Islamabad met all necessary conditions. Speaking at a press briefing on Thursday, IMF spokesperson Julie Kozack said Pakistan had achieved all performance targets under the Extended Fund Facility (EFF). She clarified that the …
Continue reading “IMF Defends Pakistan Bailout, Rejects India’s Concerns”
Prime Minister Shehbaz Sharif reaffirmed his government’s commitment to economic reforms during a meeting with an International Monetary Fund (IMF) delegation on Thursday. As Pakistan prepares its 2025-26 budget, Shehbaz stated that the country is now shifting from economic stability toward sustainable growth. Focus on Reform and Growth The meeting took place at the Prime …
Continue reading “PM Shehbaz Vows Reforms as IMF Backs Economy”
Karachi: Pakistan’s stock market continued its strong upward streak on Thursday. The KSE-100 Index surged to a new all-time high in early trade, reflecting strong investor confidence across key sectors. The Pakistan Stock Exchange’s (PSX) benchmark index climbed to 120,699.17 points. That marked a gain of 767.72 points, or 0.64%, from the previous close of …
Continue reading “KSE-100 Hits Record High as Investor Confidence Drives Market Rally”
The International Monetary Fund (IMF) has revised Pakistan’s GDP forecast for the fiscal year 2024-25 down to 2.6%, citing weak economic activity in the first half and global uncertainty. The earlier projection in October stood at 3.2%. Sluggish Growth in First Half The IMF’s review noted growth slowed in the first two quarters of the …
Continue reading “IMF Cuts Pakistan’s GDP Forecast to 2.6% Amid Weak First-Half Growth”
Pakistan’s foreign reserves have received a significant boost following the arrival of the second IMF tranche under the Extended Fund Facility (EFF). The State Bank of Pakistan (SBP) confirmed on Tuesday that it has received SDR 760 million—equivalent to approximately $1.023 billion—from the International Monetary Fund (IMF). Disbursement After Successful Review The disbursement came after …
Continue reading “IMF Disburses $1.02 Billion to Pakistan Under Extended Fund”
The Pakistan Stock Exchange (PSX) witnessed a record-breaking rally on Monday. The KSE-100 Index surged by 9,926 points in a single session. With this sharp rise, the index soared to an all-time high of 117,104 points. This marks one of the largest single-day gains in the history of Pakistan’s financial markets. Trading Temporarily Halted Due …
Continue reading “PSX Soars to Record High Amid Ceasefire and IMF Boost”
ISLAMABAD: Pakistan has secured a major financial boost as the International Monetary Fund (IMF) approved a $1 billion second tranche under the Extended Fund Facility (EFF). This decision comes at a time when regional tensions with India have escalated. The announcement was made in an official statement by the IMF Executive Board on May 9, …
Continue reading “IMF Approves $1 Billion Tranche for Pakistan Amid Rising Regional Tensions”
In a key development for economic recovery, the International Monetary Fund (IMF) has approved a $1 billion loan tranche for Pakistan under the Extended Fund Facility (EFF). The approval, which came despite India’s objections, highlights the IMF’s continued support for Pakistan’s financial reforms. The keyword Extended Fund Facility reflects the broader framework supporting the disbursement. …
Continue reading “IMF Releases $1 Billion Loan Tranche for Pakistan”
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a remarkable rebound on Friday, with the benchmark KSE-100 Index surging by 2.62% amid renewed investor optimism. The sharp rally was driven by hopes of de-escalating tensions between Pakistan and India, expectations of a monetary policy rate cut, and the upcoming International Monetary Fund (IMF) board review. Market …
Continue reading “PSX Soars as Tensions Ease, Rate Cut and IMF Review Raise Investor Confidence”
The IMF loan program for Pakistan is set for a critical review on May 9, when the International Monetary Fund’s Executive Board will meet to evaluate both the ongoing $7 billion Extended Fund Facility (EFF) and a new $1.3 billion climate resilience loan under the Resilience and Sustainability Facility (RSF). Disbursement of $1 Billion Expected …
Continue reading “IMF Board to Review Pakistan’s Loan Deals on May 9”
The global economy faces rising uncertainty as the International Monetary Fund (IMF) calls on the United States to finalize trade agreements swiftly. IMF Managing Director Kristalina Georgieva, speaking during the IMF’s spring meetings in Washington, warned that unresolved trade tensions, particularly those stemming from former President Donald Trump’s tariff policies, are threatening global growth. Uncertainty …
Continue reading “IMF Chief Urges Swift U.S. Trade Deals to Avert Global Economic Slowdown”
In a significant revelation, Prime Minister Shehbaz Sharif stated that Pakistan’s recent success in securing the IMF bailout would not have been possible without China’s support. During a ceremony held in Islamabad, the premier praised China as the country’s “most sincere friend” and emphasized the critical nature of their bilateral ties, especially in the wake …
Continue reading “China’s Crucial Role in Pakistan’s IMF Deal and Agricultural Revival”
Islamabad, April 15 — Fitch Ratings on Monday upgraded Pakistan’s long-term foreign-currency issuer default rating to ‘B-’ from ‘CCC+’, reflecting improved fiscal management, stabilised external accounts, and stronger economic policymaking. The outlook remains stable. The upgrade signals renewed investor confidence in Pakistan’s ability to enforce reforms under its ongoing International Monetary Fund (IMF) programme. The …
Continue reading “Fitch Upgrades Pakistan’s Credit Rating to ‘B-’, Cites Economic Recovery”
ISLAMABAD: The International Monetary Fund (IMF) has approved only a Re1 per unit reduction in electricity tariffs. This comes after a grid levy was imposed on industrial captive power plants. However, the Islamabad High Court (IHC) has stayed the decision for over a month. IMF Resident Representative in Islamabad, Mahir Binici, confirmed the tariff reduction. …
Continue reading “IMF Clears Minimal Power Tariff Cut, But Legal Hurdles Persist”
ISLAMABAD: The federal government will finalize the budget for the fiscal year 2025-26 after consulting the International Monetary Fund (IMF), sources revealed. Sources in the Ministry of Finance told Geo News that another IMF delegation will visit Pakistan soon. The discussions will take place both in person and online. Officials said these talks will continue …
Continue reading “Pakistan to Present 2025-26 Budget After IMF Consultations”
The International Monetary Fund (IMF) has approved a Re1 per unit reduction in electricity tariffs, providing relief to consumers struggling with rising inflation. The relief will be funded through a gas levy on captive power plants, ensuring financial stability while easing the burden on households. Tariff Relief Plan This electricity tariff reduction applies to all …
Continue reading “IMF Approves Electricity Tariff Cut of Re1 Per Unit”
