IMF Will Support Pakistan Weather the Economic Crisis: Miftah

IMF Will Support Pakistan Weather the Economic Crisis: Miftah

While the Pakistani Rupee (PKR) is now among the worst performing currencies globally, Pakistan is making progress on the IMF loan package to assist the country weather the storm. Thanks to progress on a delayed IMF loan and stringent expenditure cutbacks, the government has reportedly discovered a path out of the present economic crisis without … Read more

Shaukat Tarin said Agreement with the IMF Against the Public Interest

Shaukat Tarin said Agreement with the IMF Is Against the Public Interest

Former finance minister Shaukat Tarin stated on Thursday that the IMF accord will not serve the public interest since the present administration accepted the IMF’s tough requirements, which the PTI government had firmly refused. At a news conference, he claimed the PTI-led government had taken a courageous step by rejecting the IMF’s demand that electricity … Read more

IMF Deal to Stabilize the PKR, but Significant inflation Increases Expected

IMF Deal to Stabilize the PKR, but Significant inflation Increases Expected

The new agreement that was reached with the International Monetary Fund (IMF) ought to play a significant part in maintaining the stability of forex reserves and have a favorable effect on the Pakistani Rupee (PKR). While this would be beneficial for Pakistan, a report that was compiled by Arif Habib Limited (AHL) estimates that the … Read more

Pakistan finalize an IMF agreement next month: Ismail Miftah

Pakistan finalize an IMF agreement next month: Ismail Miftah

ISLAMABAD: Finance Minister Miftah Ismail said on Saturday that the government and the International Monetary Fund (IMF) will achieve a staff-level agreement next month, in June. The federal government agreed to hike the price of petroleum goods by Rs30 on Thursday, raising hopes that the IMF programme would be revived because of the subsidies offered … Read more