As the Pakistani Rupee (PKR) goes down steadily against the US dollar, experts and stakeholders in Pakistan point fingers at the powerful grip of the grey market and the “significant interference” by the International Monetary Fund (IMF) in the country's banking and currency sectors, reporte
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.
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.
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.
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.”
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
Pakistan's Army Chief Syed Asim Munir underlined the need to make the country self-reliant to end the dependency on foreign loans, which recently the cash-strapped nation secured with the International Monetary Fund (IMF).
Even though Pakistan has been able to secure an International Monetary Fund (IMF) bailout, the road ahead is not going to be easy, as after electricity rates, Islamabad is planning to jack up gas prices as well by over 45 per cent in line with IMF's demand
“We support the arrangement. It provides a breathing space” to Pakistan, Horst said in a conversation with Washington-based Pakistani journalists on Friday.
After the International Monetary Fund (IMF) approved a 9-month stand-by-arrangement (SBA) of USD 3 billion, Pakistan has received sight of relief but it needs to realise that the country has to do everything to increase tax revenue so that it can come out of the economic crisis.
Indian-American Ajay Banga, who is in Gandhinagar in Gujarat to attend the third G20 Finance Ministers and Central Bank Governors Meeting, met Jaishankar on Wednesday and talked about India’s endeavours to “propel larger development.”