In a significant development, the FBR commits to the International Monetary Fund (IMF) that it will undertake measures to raise taxes on digital markets during the fiscal year 2024. This commitment is part of Pakistan’s broader efforts to align its fiscal policies with international standards, address economic challenges, and fulfill the conditions outlined in the…
In a recent communication with the International Monetary Fund (IMF), Pakistan Tells IMF its intention to raise the key interest rate should there be a simultaneous occurrence of rupee depreciation and a surge in inflation. This strategic communication emphasizes Pakistan’s proactive approach to economic management, signaling its commitment to addressing potential challenges and maintaining financial…
In a recent development, Pakistan assures IMF of its dedication to maintaining a market-determined exchange rate. This commitment is a significant aspect of the ongoing collaboration between Pakistan and the IMF, aiming to stabilize the country’s economy, enhance financial transparency, and meet the conditions set forth in the IMF program. The assurance to maintain a…
Pakistan has embarked on discussions with the International Monetary Fund (IMF) to secure the final tranche of a $1.1 billion loan. This crucial financial negotiation is part of Pakistan’s ongoing collaboration with the IMF, aiming to address economic challenges, stabilize the financial landscape, and pave the way for sustained growth. The talks for the last…
Pakistan’s power sector is currently undergoing substantial reforms. These initiatives, collectively referred to as “Power Sector Reforms,” aim to address critical challenges, enhance efficiency, and create a sustainable and transparent energy framework in the country. The impetus behind these Power Sector Reforms lies in the commitment to meeting the conditions set forth by the IMF,…
