Old photos of a rickshaw driver in Pakistan are going viral once more on social media, which was exposed in a public place. The images are accompanied by false claims that the rickshaw driver stripped off his clothes in protest following a hefty ‘electricity bill’ in July 2024. It should be noted that the government … Read more
The global rating agency Moody’s has given a positive forecast on the Pakistani economy, warning that there is a risk of increasing social tension due to inflation and the lack of a strong electoral mandate to continuously implement difficult reforms may create risks. According to Moody’s report, the new IMF program will improve the financing … Read more
One other spherical of talks between the Worldwide Financial Fund (IMF) and Pakistan has ended inconclusively whereas the impasse stays within the negotiations between the events. In line with sources within the Ministry of Finance, within the negotiations, the events mightn’t agree on new earnings tax charges on salaried and non-salaried courses, imposition of 18% … Read more
America has determined to ship a crew of the finance division to Pakistan to evaluate the financial situation of Pakistan. The crew will even assessment points associated to securing new loans from the Worldwide Financial Fund and capital in addition to business-as-usual situations. Knowledgeable sources advised the Each day Enterprise Recorder that since President Ibrahim … Read more
The Worldwide Financial Fund (IMF) has known as for brand spanking new annual growth plans for all 4 provinces, Azad Kashmir and Gilgit-Baltistan. In response to the sources, the IMF has requested for brand spanking new annual growth plans, the event plans of all 4 provinces, Azad Kashmir and Gilgit-Baltistan have been requested. The governments … Read more
Pakistan has determined to organize the brand new funds at an trade price of Rs 295 to the greenback, ignoring the Worldwide Financial Fund’s (IMF) assumption of a 16 % devaluation of the foreign money within the subsequent monetary 12 months. The federal funds is more likely to be offered within the second week of … Read more
The Worldwide Financial Fund (IMF) has shared draft proposals for the settlement with Pakistani officers. Pakistan’s financial staff has began finalizing the preparation of the federal finances for the following fiscal yr within the context of the circumstances imposed by the IMF for the brand new mortgage program. Within the finances of the following fiscal … Read more
Negotiations for a brand new mortgage program between Pakistan and the Worldwide Financial Fund (IMF) have entered the ultimate levels. Technical stage talks had been held between Pakistan and IMF earlier however now coverage stage talks are happening. On this regard, the sources mentioned that the IMF is below stress to make robust financial selections … Read more