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IMF seeks explanation from Pakistan govt for not imposing tax on big shops
Updated : 2 years, 7 months ago IST
The International Monetary Fund (IMF) has sought an explanation from the Pakistan government for not imposing a tax on big shops measuring 1,000 square feet, ARY News reported.
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Pakistan: Risks attached to IMF increases if caretaker setup extended
Updated : 2 years, 7 months ago IST
The risks attached to the International Monetary Fund's billion Standby Arrangement (SBA) program will increase as the tenure of caretaker can be extended after the approval of the digital census.
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Pakistan govt imposed PKR 215 billion additional taxes in budget under IMF
Updated : 2 years, 7 months ago IST
The Pakistan government had to impose additional taxes of 215 billion Pakistani Rupees (PKR) and slash expenditures by 85 billion PKR in order to strike an agreement with the International Monetary Fund (IMF), The News International reported on Saturday.
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"Need to develop industries for growth of country": Nitin Gadkari
Updated : 2 years, 7 months ago IST
Addressing RICS annual awards ceremony in New Delhi, the Union minister said, "Prime Minister Modi's dream is to make India a five trillion dollar economy. At the same time, we are the fastest growing economy in the world".
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Pakistan: Amid economic crisis, inflation rate crosses 28 per cent
Updated : 2 years, 7 months ago IST
Amid soaring prices and slumping economy, the inflation rate in Pakistan has increased by 3.46 per cent reaching 28.3 per cent in July, ARY News reported citing the Pakistan Bureau of Statistics (PBS).
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Pakistan: Local transporters raise fare after hike in fuel price
Updated : 2 years, 7 months ago IST
Following the increase in fuel prices, local transport companies unilaterally increased fares by up to 20 per cent without consulting the authorities, reported ARY News.
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'Continued threats to Pakistan’s financial sustainability despite IMF deal
Updated : 2 years, 7 months ago IST
Pakistan last week signed a USD 3 billion loan programme with the IMF, following the revival of the USD 7 billion programme that was officially ending prematurely the same day.
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Sri Lanka's inflation drops to single-digit levels in July
Updated : 2 years, 7 months ago IST
Sri Lanka finally witnessed a downfall in the inflation rate as it reached single-digit levels.
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IMF packages, foreign bailouts will not suffice to keep Pak economy afloat
Updated : 2 years, 7 months ago IST
Pakistan's economic blindspot continues to be the fact that no amount of IMF bailouts or foreign bailouts will be enough to keep the economy afloat without the nation undertaking a comprehensive structural makeover.
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Pakistan Foreign Minister Bilawal Bhutto to visit UAE today, discuss bilat
Updated : 2 years, 7 months ago IST
During the visit, the foreign minister will hold a meeting with his United Arab Emirates (UAE) counterpart Sheikh Abdullah bin Zayed Al Nahyan, Foreign Office Spokesperson said in a press statement on Saturday.
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“This is admirable…will continue to grow further”: NK Singh on IMF’s India
Updated : 2 years, 7 months ago IST
While lauding the International Monetary Fund’s (IMF’s) economic prediction for India from this year, NK Singh, Chairman of 15th Finance Commission of India has said that the projection will “continue to grow further.”
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Necessary Measures for India's Economic Competition with China
Updated : 2 years, 8 months ago IST
New Delhi [India], July 27: In a parallel reminiscent of China's economic rise in 2007, the Indian economy has recently crossed the $3.5 trillion mark, according to Moody's. Projections from the International Monetary Fund (IMF) suggest that India's economy will surpass $3.7 trillion this ye
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