The International Monetary Fund (IMF) has approved an immediate disbursement of USD1 billion to Pakistan under the Extended Fund Facility (EFF) and around USD 200 million under the Resilience and Sustainability Facility (RSF), bringing total disbursements to nearly USD 1.2 billion.
Pakistan missed the IMF deadline to release its Governance and Corruption Diagnostic Report, delaying key judicial and governance reforms. While most fiscal targets were met, issues with SOEs, tax collection, and provincial cash surpluses remain. Despite shortcomings, the IMF programme is se
The International Monetary Fund (IMF) has imposed as many as 11 new conditionalities on Pakistan for the release of the next tranche of its bailout programme for the debt-ridden economy.
Congress MP Manish Tewari slammed the International Monetary Fund's approval of a USD 1 billion loan to Pakistan, terming it "extremely unfortunate" and said that the 'sympathy' of the IMF towards Pakistan is clearly "unwarranted."
The IMF's Executive Board is expected to give its nod for the disbursement during its meeting today, part of a long-running USD 7 billion Extended Fund Facility (EFF) program.
The International Monetary Fund (IMF) has voiced concerns over obstacles deterring foreign investment in Pakistan, particularly pointing to issues within the judiciary such as contract enforcement, protection of property rights, and overall judicial performance
Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement on the first review of Pakistan's 37-month USD 7 billion Extended Fund Facility (EFF) and a new 28-month USD 1.3 billion arrangement under the Resilience and Sustainability Facility (RSF), as reported by
A reduction in electricity tariffs, as promised by the government of Pakistan, could not get past the International Monetary Fund (IMF), which is presently holding back a staff-level agreement (SLA) on the first biannual review of the USD 7 billion Extended Fund Facility (EFF), according to
The International Monetary Fund (IMF) has proposed a tax target of over Rupees 15 trillion for Pakistan in the next budget, as reported by ARY News citing sources.
Pakistan's Ministry of Industries and Production had recommended the tax relief to boost EV adoption. However, the global lender opposed the decision and stressed that sales tax on raw materials for EVs should not be removed.
Government employees demanded an end to what they termed as discriminatory policies, including the abolition of dual pensions and changes to the pension calculation formula. In addition, they demanded a 10 per cent rise in disability allowance.