Search For "bailout"
Pakistan's 7 billion USD bailout deal with IMF in doldrums
Updated : 1 year, 4 months ago IST
The key assumptions used to finalise Pakistan's USD 7 billion deal with the International Monetary Fund (IMF) has gone haywire within a month of its approval, leaving the authorities concerned with an option either to renegotiate the package or keep suffocating the economy through more taxes
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PoJK leader slams ineffective bailout, price cuts amid ongoing struggles
Updated : 1 year, 4 months ago IST
The leader of the Peoples Party Workers Shaukat Javed Mir, has strongly criticised the recent reduction in electricity prices and the government's bailout package, asserting that neither has provided any real benefit to the common people.
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Time to change Pakistan economy's DNA, says country's Finance Minister aft
Updated : 1 year, 5 months ago IST
Pakistan must overhaul its economic foundation to break free from repeated IMF bailouts, according to Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, who stressed that the recently approved 37-month Extended Fund Facility (EFF) should be the country's last.
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"Pakistan asking IMF for USD 7 billion bailout package, could have asked u
Updated : 1 year, 5 months ago IST
Union Defence Minister Rajnath Singh on Sunday said that Pakistan has asked the International Monetary Fund (IMF) for a seven billion dollar bailout package, and Prime Minister Narendra Modi has given more than this in the PF package for J&K.
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Pakistan government falls short of loan target in July
Updated : 1 year, 6 months ago IST
The Pakistan government, awaiting approval of a $7 billion IMF bailout, struggled to secure foreign assistance in July, receiving only $436.4 million--a sharp 85% drop compared to the same period last year. With an ambitious $19.4 billion target for foreign aid in FY25, the government faces
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Pakistan government introduces new amends in budget to meet IMF criteria
Updated : 1 year, 8 months ago IST
In an amendment to Finance Bill 2024, which was presented to the National Assembly on June 12, the government reduced the Petroleum Development Levy (PDL) on diesel and petrol from Pakistani Rupees (PKR) 80 to PKR 70 per litre but increased it from the existing PKR 60.
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Pakistan passes tax-heavy budget; experts condemn reforms amid crisis
Updated : 1 year, 8 months ago IST
Pakistan's parliament on Friday passed a tax-heavy finance bill for the upcoming fiscal year amid ongoing negotiations for a new International Monetary Fund (IMF) bailout.
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Public outrage over high taxes in Pakistan for IMF bailout
Updated : 1 year, 9 months ago IST
There is widespread anger in Pakistan towards the government over the significant tax hikes that the authorities have levied to boost state revenues with an aim to achieve approval for an International Monetary Fund's (IMF) bailout to prevent another economic crisis in Pakistan.
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Pakistan power regulatory body hikes power tariff by 20 pc
Updated : 1 year, 9 months ago IST
The new tariff of PKR 5.72 per unit will take effect on July 1. This adjustment is expected to generate an additional PKR 485 billion in revenue for Discos, bolstering the government's position in securing an IMF bailout slated for July.
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Pakistan to complete prior actions through parliamentary nod by Jun 30 for
Updated : 1 year, 9 months ago IST
Pakistan and IMF have reached a broad understanding on action points, their timelines and backup plans that the government would comply with through parliamentary sanction of budgetary measures and related legislation in the Finance Bill 2024-25.
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IMF asks Pakistan to 'impose' tax on monthly pensions, says 'new bailout p
Updated : 1 year, 10 months ago IST
The International Monetary Fund (IMF) mission has asked the Pakistani authorities to impose a tax on monthly pensions exceeding Rs 100,000, reported ARY News, citing sources.
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Pakistan in talks with IMF for 24th 'longer and larger' bailout programme
Updated : 1 year, 10 months ago IST
The International Monetary Fund (IMF) confirmed that the talks with Pakistan are underway on the 24th 'longer and larger' bailout programme under the Extended Fund Facility (EFF), reported ARY News.
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