Mohammad Ali Jinnah University (MAJU) recently hosted a seminar on Pakistan’s economic situation and the latest agreement with the International Monetary Fund (IMF) at the campus. Speaking at a seminar, Director at the Center for Excellence in Islamic Finance (CEIF)-IBA Ahmed Siddiqui underscored the crucial role of the IMF in stabilizing the country’s current account…
The International Monetary Fund (IMF) is advocating for the imposition of sales tax on e-commerce transactions, including those conducted through Facebook and other digital platforms. This push from the IMF underscores the organization’s emphasis on broadening the tax base and ensuring equitable taxation in the digital economy. The IMF’s call for implementing sales tax on…
In a significant development, the Prime Minister has given directives to initiate the process of contacting the International Monetary Fund (IMF) with the aim of securing a more substantial bailout package. This strategic move underscores the government’s proactive approach to addressing economic challenges and ensuring financial stability. Key Points: Strategic Decision: The decision to approach…
Pakistan is on the brink of securing the final tranche of $1.1 billion from the International Monetary Fund (IMF), marking a significant step forward in the ongoing financial assistance program. The imminent disbursement of this tranche reflects the country’s adherence to the terms and conditions set by the IMF, demonstrating commitment to economic reforms and…
The International Monetary Fund (IMF) has urged Pakistan to enhance transparency regarding its development spending. The call for increased openness comes as part of the ongoing dialogue between Pakistan and the IMF, emphasizing the importance of clear and comprehensive reporting on how development funds are utilized. Key Points: IMF’s Emphasis on Transparency: The IMF underscores…
The incoming government is on track to initiate negotiations for a new financial arrangement, eyeing a substantial $10 billion loan program with the International Monetary Fund (IMF). This prospective agreement comes into focus as part of the government’s strategy to address pressing economic challenges and ensure stability in the country’s financial landscape. The discussions surrounding…
The prevailing political instability in Pakistan has cast a shadow over the economic outlook, raising apprehensions among businesses about the potential for increased challenges in the coming months. The uncertain political climate is viewed as a significant factor that could impact various aspects of the economy, creating a sense of caution and concern within the…
Highlighting the urgency of the situation, a former State Bank of Pakistan (SBP) Governor asserts that Pakistan must embark on a new International Monetary Fund (IMF) program to effectively manage and address the challenges associated with servicing previous debts. The call for a fresh IMF program underscores the pressing need for a comprehensive financial strategy…
In a noteworthy development, the government has begin talks with the International Monetary Fund (IMF) to address and resolve the persisting issue of circular debt. This marks a proactive step towards finding comprehensive solutions to the challenges posed by the mounting circular debt, reflecting the government’s commitment to fiscal stability and effective energy sector management….
In a noteworthy development for Pakistan’s economic landscape, the State Bank of Pakistan (SBP) witnesses a substantial increase in reserves, amounting to $243 million. This surge in reserves is attributed to the recent disbursement of a tranche from the International Monetary Fund (IMF), marking a positive stride in the country’s financial stability. The injection of…
