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| December 28, 2008 | Sunday | Zilhaj 29, 1429 |
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Back in business
KARACHI: Though the IMF package has provided immediate relief from the stress that the national economy was under, it would be naive to view it as a long-term source of stability.... 
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‘Sustainable growth not possible without stabilisation’
ISLAMABAD: State Minister for Finance and Revenue Hina Rabbani Khar has termed macroeconomic stability a priority area for achieving sustainable growth. While agreeing that the economic indictors did not presently look...
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The Achilles’ heel of taxation
KARACHI: The hike in the taxation target for the ongoing fiscal from Rs1.25 to Rs1.36 trillion under IMF directives has caused some concern in the services and retail sectors....
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Capital gains tax may be counter productive
Karachi: The IMF prescription to round up all exempted money generating sectors into the tax net is believed to be inspired more by the need to know the source of funds, than the amount of income generated....
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Social security net too weak to protect vulnerable
PESHAWAR: The home-grown economic stabilisation programme said to be endorsed by the IMF speaks about social safety nets to protect poor, but most of the ongoing and forthcoming projects of support...
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Package to ease adjustment path, restore stability
Following questions and answers state the agencies position in clear terms on several issues raised about the current IMF’s $7.6 billion support package to Pakistan....
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Moving away from the growth path?
THERE is no dearth of economists and analysts who believe that the negative impact of the IMF package will far outweigh the fact that the country could stave off the possibility of default....
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Stabilisation: a hard choice
KARACHI: Major political parties have offered divergent views on the impact of $7.6 billion IMF bailout package, and almost all of them were convinced that stabilisation goals could be achieved at...
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Builders oppose new tax
KARACHI: Builders foresee the collapse of the real estate sector if the government acting under the IMF’s pressure imposes new taxes on the sector to boost revenue generation....
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Farmers see trouble ahead
MULTAN: Agriculturists based in southern Punjab are of the view that though the IMF package may have a short-term benefit, it will create problems in the long run....
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Trade and industry feeling the heat
KARACHI: THE International Monetary Fund (IMF) assistance is primarily to improve balance of payments position. However, the Fund has laid down some conditions which include improvement in revenue capacity to ensure discharge of internal and external debts....
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Balochistan blames Musharraf govt for crisis
QUETTA: The International Monetary Fund has bailed out Pakistan by providing $7.5 billion credit facility with some conditionalities. The unrestricted government spending and the trade imbalance were the main causes, which...
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Opinions vary among Gujrat industrialists
GUJRAT: In the eyes of the business community in Gujrat the IMF package will work against the industrial sector. The proposed hike in mark-up would specially affect the already adverse business...
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Traders demand cut in ministers’ perks
KARACHI: The majority of traders supported the government option of the IMF bailout package as the only way out of the financial crisis but suggested that the government must ban import...
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Record bank branches in 2008
KARACHI, Dec 27: Banks have opened record number of branches this year, while the Islamic banks are the front runners....
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Labour leaders fear surge in unemployment
The International Monetary Fund’s package might have helped the country improve its foreign exchange reserves position, the labour leaders fear that it would lead to a surge in unemployment and increase in poverty....
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Punjab upset over closures, job cuts
LAHORE: Substantial industrial closures and production and job cuts are being reported from across Punjab as the federal government executes its macroeconomic stabilisation programme to address the trio of crises —...
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No immediate panic in Sindh
KARACHI: The International Monetary Fund (IMF) bailout package for Pakistan has had a rather indirect impact on Sindh, indicating a drastic cut in the federal government development outlay which has reduced...
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Development funds to Sindh slashed after IMF deal
KARACHI: Funds worth billions of rupees allocated in the 2008-09 budget for several mega projects have been held up following signing of loan agreement with IMF which has bound the government to curtail their expenditure both administrative and development drastically....
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Textile sector doubts IMF’s intentions
FAISALABAD: Industrialists believe that the IMF package is eyewash, which would hurt industry, especially the textile sector. The entrepreneurs of the textile capital of Pakistan are of the view that the...
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