The outstanding dues of power projects of China-Pakistan Economic Corridor (CPEC) alarmingly increased to a record PKR 493 billion or USD 1.8 billion as of end January. The amount was PKR 214 billion or 77 per cent higher than June last year.
Imran Khan-founded Pakistan Tehreek-e-Insaf has dissociated itself with the ongoing protests by Pakistanis in the United States outside the International Monetary Fund (IMF) and the World Bank (WB) headquarters, Geo News reported.
Highlighting the Pakistan Tehreek-e-Insaf (PTI) and Sunni Ittehad Council (SIC) merger, PTI Chairman Barrister Gohar Ali Khan said that his party took a "serious and best decision in circumstances prevailing at the time when PTI lost its electoral symbol and was looking for options to sec
Pakistan Information and Broadcasting minister Ataullah Tarar said that some "miscreants" associated with the Pakistan Tehreek-e-Insaf tried to sabotage Pakistan's deal with the International Monetary Fund (IMF), reported Dawn.
The International Monetary Fund (IMF) mission is expected to arrive in Pakistan today (Wednesday) for the economic review of USD 3 billion Stand-By Arrangement (SBA), reported ARY News, citing sources.
Amid the economic crisis, Pakistan Prime Minister Shehbaz Sharif vowed to get his country out of foreign debt, declaring that the country would get rid of the International Monetary Fund (IMF), Geo News reported.
During a press conference in Karachi, Alvi highlighted his longstanding endeavours to unite the nation, citing his belief that Pakistan's progress hinges on unity.
The Pakistan ministry of Finance is expected to hold crucial talks with the International Monetary Fund (IMF) review mission of the USD 3 billion Standby Arrangement (SBA) programme, from next week, as reported by The News International.
Senators from two sides of political aisle sparred over Pakistan Tehreek-e-Insaaf (PTI) founder Imran Khan's letter to the International Monetary Fund (IMF) linking release of next tranche of bailout package with 'audit' of February 8 elections, Dawn reported.
While addressing a press conference in Islamabad on Wednesday, PTI leaders Barrister Gohar Ali Khan, Omar Ayub, Meher Bano Qureshi, and Muzammil Aslam have revealed details regarding PTI's letter to IMF.
In the letter addressed to IMF Managing Director Kristalina Georgieva, the Imran Khan-led party stated that a government without "legitimate representation, when imposed upon a country, carries no moral authority to govern, and, in particular, to carry out taxation measures".
According to their report, the GDP growth is likely to be at 6.8 per cent, based on an unchanged base, but could potentially hit 7 per cent due to expected downward revisions in the estimates for Q3 FY23.