Pakistan and IMF talks enter ultimate levels – Enterprise & Economic system

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

Pakistan assures IMF on tax on actual property – Enterprise & Economic system

The Worldwide Financial Fund (IMF) has expressed dissatisfaction over the steps taken to convey the true property sector underneath the tax web and has demanded further taxes on money transactions within the buy and sale of plots. In line with the sources, the mechanism of taxation on the registration of housing societies and the acquisition … Read more

State Bank Announces Monetary Policy, Interest Rate Maintained At 22 Percent – Business & Economy

The State Bank of Pakistan has announced the monetary policy, according to the central bank, it has been decided to maintain the interest rate at 22 percent. The eyes of all stakeholders and analysts were fixed on this decision. A meeting of the Monetary Policy Committee was held in State Bank under the chairmanship of … Read more

Pakistan Economic Crisis: Latest Updates on IMF Assistance and Financial Recovery Efforts

2023-11-19 13:43:04 Pakistan Finance Minister Shamshad Akhtar said that Pakistan will still need financial assistance from the International Monetary Fund. This remark was made while talking to the media on November 16. ” The country’s economy is still weak. Will have to rely on the IMF again. “We will approach the International Monetary Fund for … Read more

niti aayog: Niti Aayog appoints four distinguished fellows

2023-11-15 17:49:51 New Delhi: Government think tank Niti Aayog has recently appointed four distinguished fellows for a period of one year, an official statement said on Wednesday. The four new members of Niti Aayog will bring along significant work experience, coupled with their understanding and expertise of key social, economic and technical issues, it added. … Read more

Looking to cut debt burden, says Finance Minister Nirmala Sitharaman

2023-10-21 01:24:00 Finance minister Nirmala Sitharaman said on Friday that the government is looking at reducing its debt burden further and has already resorted to prudent spending by resisting the temptation of fiscal profligacy, especially after the pandemic, to avoid burdening future generations. In her inaugural speech at the Kautilya Economic Conclave 2023 in the … Read more

growth: View: India’s growth story may not have a happy ending

2023-10-03 04:32:16 Indian households are saving less than they have for half a century. According to the Reserve Bank of India, net household savings in 2022-23 — the Indian financial year runs from April to March — were only 5.1% of gross domestic product. That’s down from 8% of GDP in 2019-20 and 11.5% in … Read more

IMF seeks stepped up investments to reduce emissions

2023-09-10 16:46:08 International Monetary Fund (IMF) on Sunday called for investment by the public and private sectors for decisively reducing emissions. It also hailed India’s G20 Presidency as a ‘powerful reminder’ of a joint effort for yielding much more than expected in resolving global problems. “Our one and only earth is threatened by existential climate change. … Read more