Pakistan's trade deficit surged by a staggering 44 per cent in July, driven by a sharp increase in imports, raising fresh concerns about the country's economic situation, which is already in a crisis, The Express Tribune reported.
Pakistan has missed out on three of its five major fiscal conditions set by the International Monetary Fund (IMF) for the second review of its USD 7 billion bailout package, The Express Tribune reported.
The Maharashtra Chief Minister attached the latest IMF World Economic Outlook report, wherein it projected India's growth in 2025 and 2026 at 6.4 per cent -- the highest among the fastest major economies.
This decision was made during a meeting of the chamber held on Tuesday, chaired by its patron-in-chief, Dr. Syed Nadeem Qamar. The attendees rejected the tax, asserting that it was enforced under the influence of the International Monetary Fund (IMF). Farmers present at the meeting contended
Deputy Managing Director of the International Monetary Fund (IMF), Gita Gopinath, announced her return to Harvard after her historic leadership at the IMF.
The IMF has raised concerns over Pakistan's plan to subsidise imported sugar, warning it could affect the $7 billion loan program. ARY News reports the IMF rejected the "food emergency" claim and fears the sugar will benefit industries, not households. The government may now review its de
On Sunday, PTI Central Information Secretary, Sheikh Waqqas Akram, said that the economic conditions of ordinary Pakistanis has never been as alarming as it has been in the past three years, putting the nation into a worst debt trap.
ARY News quoted a notification issued by the Ministry of Finance, the petrol price increased by PKR 4.80 per litre, bringing the new petrol price to PKR 258.43 per litre.
Following an interaction at a community event in Berlin, Prasad highlighted the enthusiasm of the Indian diaspora inspired by India's growth under Prime Minister Narendra Modi's leadership and emphasised that the delegation's concerns were heard across six countries, with their mission to
Khera highlighted that Pakistan has received a USD 1 billion loan by International Monetary Fund (IMF) on May 9; USD 40 billion from World Bank on under the Country Partnership Framework (CPF); and recently on June 4 A USD 800 million loan from the Asian Development Bank (ADB).
All India Majlis-e-Ittehadul Muslimeen (AIMIM) MP Asaduddin Owaisi, part of an all-party delegation led by BJP MP Baijayant Panda, said the funds given to Pakistan by countries like Saudi Arabia and the IMF are being used by the Pakistani Army, and not being used for public welfare.
The Congress leader also criticised Pakistan's international outreach, calling it a "copycat move" in response to India's diplomatic efforts. "What will they say? They first need to clarify. They should look after their people. They take money from the IMF, and that money is misused by th