New ‘guardian of exchequer’ may have easier time than predecessor due to Nawaz’s backing.
Doha’s state-owned investment fund declares intent to invest $3bn during PM’s visit to energy-rich country.
We are importing not only raw materials, but also the services to sustain them over the long term.
Says to ensure sustainable policies, macroeconomic stability while aiding authorities in efforts to assist flood affectees.
Pakistan’s total external debt and liabilities have already surged to 39.7pc of the GDP or $130.2bn.
UAE announces $10m in relief assistance.
Miftah says power tariff to come down next month; Indian onion, tomato imports to be considered if other sources unavailable.
A mature country does not require international agencies to coerce it towards prudent financial management.
Pakistan will withdraw more tax exemptions, privatise 4 state-owned firms, get asset details of members of cabinet and parliament.
Reach $8.86bn with the inclusion of $1.16bn from the IMF.
The revival of the IMF deal gives the government some breathing space but it also allows the old complacency to return.
Hike attributed primarily to exchange rate fluctuation, increase in the petroleum levy in line with commitment with IMF.
Funds will help improve foreign exchange reserves, facilitate realisation of inflows from other sources, says SBP.
The revival of the Fund agreement may have given us some respite, but challenges still loom.
An IMF loan is not all that Miftah's legacy should be about.
KSE-100 index closes 309 points down; analyst says market also weighed down by rumours of interest rate hike.
N-League women workers, lawmakers hold protest; Asad Umar says ‘nothing wrong’ in leaked conversations.
Extension of programme till end-June 2023 approved; govt required to raise power rates to meet Fund’s terms.
Finance Minister Miftah Ismail congratulates nation; PM Shehbaz calls the development "major step forward in our efforts to put Pakistan’s economy back on track".
Say Tarin had asked Punjab and KP finance ministers to request federal govt to renegotiate with IMF, asks if it is not "good advice" in light of flooding crisis.
If the board approves the deal, the IMF will immediately disburse about $1.2 billion to Pakistan.
IMF sources say Jhagra’s letter "will not affect" deal.
Provincial surplus "next to impossible", says KP minister; Miftah says will sit down with KP counterpart to resolve differences.
FBR says measures to yield around Rs20bn.
Tax rates on tobacco sector raised to collect Rs18bn; passenger, goods transport vehicles made capital value tax-exempt.
There is a close nexus between economic recovery and political certainty.
IMF deal with Pakistan may include strict conditions on governance, aimed at curbing financial corruption, say sources.
Miftah unveils fresh revenue measures of over Rs50bn; new taxes for retailers, tobacco industry; subsidies exempted from GST.
Rs5 and Rs10 monthly PDL hike in diesel and petrol; no intervention in exchange rate; phaseout of Ehsas Ration Programme.
Price of petrol raised by Rs6.72 per litre to Rs233.91; light diesel oil rate inched up by 43 paisa per litre to Rs191.75.