Tag: Imf

No take off for govt’s PIA privatisation plan

Govt reaches consensus with Opp to retain management control of the national flag carrier, but it may still bring in a strategic partner

$502m IMF tranche gets board’s nod, Dar ecstatic

No bankruptcy fears for Pakistan, says IMF official The International Monetary Fund (IMF) Board meeting held in Washington on Friday considered the 10th Review report...

Development budget next year to be less than Rs645b

The federal development budget for the new financial year is expected to be less than Rs645 billion. This budget cut will have an adverse...

State Life likely to turn into a company on World Bank’s...

The government is likely to promulgate a presidential ordinance instead of tabling a bill in parliament to convert State Life Insurance Corporation (SLIC) into...

Lagarde urges Gulf states to bring in taxes

  The International Monetary Fund (IMF) chief urged on Monday oil-exporting Gulf countries to introduce taxes, warning that low crude prices are likely to stay...

IMF approves $497m tranche for Pakistan

Fund says Pakistani govt performed well in second quarter of fiscal year 2015-16 Dar reiterates govt's resolve to ‘convert loss-making state-owned enterprises into profitable entities’ The...

IMF approves $497m loan for Pakistan after bailout review

The International Monetary Fund said on Thursday it had agreed to release a $497 million tranche for Pakistan after the latest review of a bailout package awarded...

Pakistan shelves plan to privatise power firms, angering IMF: Sources

Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises Islamabad...

Structural reforms being undertaken for sustained economic growth: Dar

  Finance Minister Ishaq Dar said on Tuesday that structural reforms were being undertaken for sustained economic growth of the country. Speaking at a meeting in...

Govt assures IMF of privatising state entities this year

  The Pakistani government on Wednesday assured the International Monetary Fund (IMF) of privatisation of Pakistan Steel Mills (PSM), Pakistan International Airlines (PIA) and State...

Pakistan can double its tax revenue through equitable tax system: IMF

  Pakistan can double its tax revenues by concerted efforts to broaden tax bases, strengthening tax compliance, eliminating distortionary tax expenditures, and rationalizing the tax...

10th IMF Review to begin on Jan 26

  The 10th review of the International Monetary Fund (IMF) with Pakistan would start on January 26, it was revealed on Monday. Finance Minister Senator Mohammad...

Global growth will be disappointing in 2016: IMF chief

  Global economic growth will be "disappointing" next year, the head of the International Monetary Fund (IMF) said in a guest article for German newspaper...

IMF approves $498 million for Pakistan

Pakistan has received $4.98b of the total $6.64b promised over 36 months IMF presents optimistic pictures of economy’s health Says sustained efforts are needed to further...

Pakistan aims to raise $379m in new taxes to meet IMF...

  Pakistan must raise an extra $379 million (about Rs40 billion) through new tax measures, Finance Minister Ishaq Dar said on Monday, as the government...

Govt plugging the dam with a finger

Think-tank says govt met IMF targets through ‘creative’ accounting Says govt able to show low fiscal debt by restricting funds transfers to defence establishment and...

The peculiar case of taxation

And Pakistan’s present predicament   International Monetary Fund’s (IMF) ninth review was successfully completed some days ago. We missed targets to the two key quantitative performance...