Tag: Imf

Devaluation ‘inevitable’, govt says after rupee falls to historic low

--Rupee drops to lowest value ever against US dollar at Rs144 in intra-day trading before SBP intervenes to raise it to Rs136.5-137.5 at market...

Increase in US Dollar price is proof that govt agreed to...

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) spokesperson Marriyum Aurangzeb on Friday said that the increase in the US Dollar price is proof that the government...

Pakistan can survive without IMF loan for some more time: Asad...

Federal Minister for Finance Asad Umar on Wednesday said that the Pakistani government can survive for a few more months without a financial package...

Govt in no hurry to sign agreement with IMF: Asad Umar

--Finance minister wears traditional Sindhi ajrak, cap to honour Karachi attack victims during NA session ISLAMABAD: Minister of Finance and Revenue Asad Umar on Friday said...

No headway made in first round of talks with IMF

--PTI govt digs in heels over increasing tax rates, raising power tariff, devaluing currency and revealing details of financial deals with China --IMF says both...

PTI govt in a fix over IMF bailout conditions

--IMF suggests Pakistan increase GST, interest rate, gas and electricity tariff --Pakistan asked to further devalue its local currency by Rs10 to Rs15 against dollar ISLAMABAD: The...

PM Khan to take final decision on IMF bailout

--Finance ministry to brief PM on talks with IMF --Arif Naqvi's presence in meeting chaired by PM may ignite a new controversy ISLAMABAD: Prime Minister Imran Khan...

Pakistan clears fresh applications of 74 INGOs amid int’l pressure

ISLAMABAD: Pakistan approved fresh applications of 74 International Non-Governmental Organisations (INGOs) out of total 141 outfits who submitted applications for fresh registration, showing a...

Islamabad to receive $3bn aid from Riyadh in few days: Saudi...

ISLAMABAD: Saudi Ambassador to Pakistan Nawaf Saeed Al-Malki said Wednesday that Pakistan will receive the first instalment of Saudi aid amounting to $3 billion in the next...

Govt set to shock electricity consumers

--Govt decides to withdraw Rs146bn subsidy being given to domestic consumers --Power Ministry proposes up to Rs20.70 per unit increase in price of electricity to...

Seeking help from allies to reduce IMF dependence: Farrukh Saleem

ISLAMABAD: The government’s Spokesperson on Economy and Energy Affairs Dr Farrukh Saleem has said visiting friendly countries for financial assistance was a better option than...

Asad Umar defends move to approach friendly countries, IMF

--Asad Umar says indecision over approaching IMF didn’t lead to stock market crash --Khursheed Shah criticises Asad Umar’s for leaving the session, Opp stages walkout --Foreign...

Govt holds NEPRA responsible for power tariff hike

--Finance Minister Umar says tariff increase will generate additional Rs130bn, will not affect 70pc consumers --Asserts no conditions attached to Saudi bailout, Pakistan to...

Govt raises power rates a day after Saudi bailout

--ECC approves increase in tariff for consumers using more than 300 units, allows five per cent decrease in electricity rates for agriculture sector --Consumers using...

Govt decides to keep power tariff hike pending

---PM Khan against burdening masses with increase in power tariff, orders alternative solutions ---Asks officials to work on tariff rationalisation, curtailing line losses and electricity...

PM against burdening consumers with power tariff hike, orders alternative solutions

---Govt defers matter as authorities asked to work on tariff rationalisation, curtailing line losses and electricity theft ---Energy ministry says improvement in distribution, transmission...

Police, bureaucracy hurdle to ‘Naya Pakistan’, says PM Khan

--Premier unhappy with ‘segments of bureaucracy and police loyal to previous regimes that are hindering implementation of PTI’s policies at administrative level’ --No NRO with...