IMF Praises Pakistan’s Economic Reforms: Finance Minister Aurangzeb

Karachi: Federal Finance Minister Muhammad Aurangzeb said the International Monetary Fund (IMF) has praised Pakistan’s economic reforms and growth efforts. He highlighted macroeconomic stability as a key achievement of government policies. Aurangzeb shared insights from his meeting with IMF Managing Director Kristalina Georgieva. He said the IMF acknowledged Pakistan’s efforts in implementing reforms under its program. …

IMF to Assess Governance and Corruption in Pakistan

The International Monetary Fund (IMF) will send a three-member team to Pakistan to conduct a Governance and Corruption Diagnostic Assessment. This evaluation, part of Pakistan’s 2024 Extended Fund Facility (EFF) program, aims to identify corruption risks and strengthen governance. The findings will help shape structural reforms, supporting economic stability and transparency. Focus Areas of the …

Agricultural Tax Implemented in Two Provinces: Finance Minister

Islamabad: Finance Minister Senator Muhammad Aurangzeb has stated that two provinces have already implemented the agricultural tax, while discussions are ongoing with the remaining two. He added that negotiations with the International Monetary Fund (IMF) on this matter are also in progress. Talking to the media at the Parliament House, the finance minister said that …

IMF Recommends Mini-Budget, Pakistan Opts for Alternative Measures

ISLAMABAD: The International Monetary Fund (IMF) has advised Pakistan to present a mini-budget following a revenue shortfall of Rs385 billion recorded between July and December 2024, according to sources. Prime Minister rejected the IMF’s recommendation, instructing the Federal Board of Revenue (FBR) to address the deficit through alternative measures. The FBR has already shared a …

Pakistan Secures $1 Billion Loan Amid Economic Reforms

Pakistan has finalized a $1 billion loan agreement with two Middle Eastern banks to stabilize its financial position and support ongoing reforms. The finance minister, Muhammad Aurangzeb, announced the deal on Tuesday during the World Economic Forum in Davos, emphasizing the critical role of foreign financing in addressing the country’s economic challenges. Key Details of …

IMF Revises Pakistan’s Economic Growth Forecast for 2025

The International Monetary Fund (IMF) has downgraded Pakistan’s GDP growth projection for 2025 to 3%. The previous forecast, made three months ago, projected a growth rate of 3.2%. The revision was part of the IMF’s “World Economic Outlook Update.” The report focused on global growth trends and uncertainties. The IMF did not specify reasons for …

Government Delays Decision on Gas Tariff Hike for CPPs

The federal government has yet to make a final decision regarding the proposed increase in gas tariffs for Captive Power Plants (CPPs). The delay comes despite pressure from various quarters, including the International Monetary Fund (IMF). Petroleum Division Suggests Gas Supply Disconnection The Petroleum Division had initially recommended disconnecting gas supplies to CPPs as an …

Government Announces Electricity Tariff Cuts Amid Talks with IMF

Federal Minister for Energy, Awais Leghari, announced significant progress in reducing electricity rates, with ongoing discussions with the International Monetary Fund (IMF) potentially lowering tariffs by Rs10 to 12 per unit. Speaking at the Parliament House, he revealed that renegotiations with Independent Power Producers (IPPs) have already saved the country Rs1,100 billion, directly benefiting consumers. …

Pakistan to Secure $20 Billion World Bank Loan

Pakistan is set to receive a $20 billion loan from the World Bank over the next decade, focusing on critical sectors like health, education, and climate resilience. However,This financial assistance, part of the World Bank’s Country Partnership Framework 2025-35, aims to address long-neglected areas and drive sustainable economic growth in the country, sources revealed on …

Pakistan Meets IMF’s Tax Target Amid Economic Challenges

Prime Minister Shehbaz Sharif announced on Wednesday that Pakistan successfully met its December tax target set by the International Monetary Fund (IMF), despite political unrest and economic challenges. This milestone highlights Pakistan’s commitment to fiscal stability and economic resilience, achieved through coordinated governance and strategic measures. Achieving Fiscal Targets During a federal cabinet meeting, PM …

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