Search For "pakistan finance ministry"
Pakistan's monthly inflation rate increases to 28.5 pc amid economic crisi
Updated : 2 years, 3 months ago IST
The Pakistan-based news daily reported that this report follows the central bank's recent announcement of its monetary policy, which tempered earlier optimism about a sharp decline in inflation in the second half of the fiscal year. Price stability is the central bank's primary objective und
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Pak Finance Ministry says policy implementation, poor performance of state
Updated : 2 years, 8 months ago IST
In its latest Fiscal Risk Statement (FRS) 2023-24, Pakistan's Ministry of Finance has stated that federal government exposure to SOEs in the form of the outstanding stock of loans and guarantees was at 9.7 per cent of Gross domestic product (GDP) in FY21.
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Pak airline seeks USD 75 million as bailout package from interim govt
Updated : 2 years, 8 months ago IST
The Pakistan International Airline (PIA) has sought a bailout package worth Rs 23 billion Pakistani currency (approx. 75 million USD) from the government to continue its services amid the huge debt burden.
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Pakistan Finance Ministry says rising poverty, food insecurity, inflation
Updated : 2 years, 9 months ago IST
In its first quarterly performance report to the Asian Development Bank (ADB) on USD 1.5 billion Building Resilience with Active Country-cyclical Expenditures (BRACE) released on Thursday, the Ministry of Finance said the financial progress remained satisfactory on Countrycyclical Developmen
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Pakistan to seek US help for revival of stalled IMF loan programme
Updated : 3 years, 2 months ago IST
According to sources within the Finance Ministry, the incumbent government has decided to seek Washington's help as the majority of the demands of the fund have been completed. "There is no need for further delay in the staff-level agreement."
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Pakistan's interest expenses increases, spends over PKR 3.2 trillion on de
Updated : 3 years, 4 months ago IST
With a net income of PKR 2.5 trillion, Pakistan's total spending on debt servicing and defence reached over PKR 3.2 trillion more than the government's net income.
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Pakistan's economic woes unlikely to resolve unless it fosters sustainable
Updated : 3 years, 4 months ago IST
According to the economic outlook, Pakistan's overall fiscal deficit stood at 1.5 per cent of GDP during July-October 2022-23 as compared to 0.9 per cent of GDP last year. The Dawn report said the fiscal deterioration was because of higher expenditure growth on the back of higher markup paym
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Inflation to remain high, between 21-23%: PakIstan Finance Ministry
Updated : 3 years, 4 months ago IST
For FY23, economic growth is likely to remain below the budgeted target due to the devastation caused by the floods.
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Pakistan spent Rs 2.2 trillion on interest on debt, defence from July-Nove
Updated : 3 years, 4 months ago IST
In the July-November period of the current fiscal year, an 83 per cent rise was seen in the interest cost on the Rs 50 trillion federal government debt stock. And in which, Finance Ministry paid Rs 1.7 trillion in interest cost, up by Rs 763 billion, sources said.
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Lack of tenable answers to the IMF may delay release of funds to Pakistan:
Updated : 3 years, 5 months ago IST
The IMF visit to Pakistan which was scheduled for October has been delayed amidst differences between Pakistan's commitment to the IMF on fiscal consolidation.
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Pakistan's economic condition likely to deteriorate: Report
Updated : 3 years, 5 months ago IST
Pakistan's economic crisis is likely to continue due to political instability, inconsistent government policies, and internal security issues.
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Pakistan govt increases diesel prices amid oil rates fluctuation in global
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], August 1 (ANI): Pakistan government on Sunday increased diesel prices by Rs 8.95 per litre amid the fluctuations in petroleum prices in the international market and exchange rate variation, local media reported.
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