Says the upgrade reflects Pakistan's improved funding conditions following its staff-level agreement with IMF.
PBC CEO says wholesalers, retailers and undocumented real estate sector spared taxes due to political reasons.
Equates situation to "return of the East India Company, when notables were asked to support the company’s policies".
Hammad Azhar says discussions took place around staff-level pact on new standby arrangement; PTI chief says will "endorse" new deal until next govt is formed.
‘Colonialism’ and ‘imperialism’ drip easily off our tongues.
Analysts attribute rally to standby agreement with IMF, payments made to independent power producers.
Analyst says IMF agreement has granted Pakistan's economy "breathing space".
The interest rates will likely remain high as the IMF requires the State Bank to remain proactive in line with inflationary pressure.
Pakistan stands at a critical juncture where it must take transformative measures.
If Pakistan follows the IMF programme, it can unblock financing and easily secure debt rollovers to shore up its foreign currency stocks.
Nine-month standby arrangement comes hours before expiry of previous package; $3bn package needs to be approved by IMF board.
Higher energy tariffs, policy rate remain key concerns for industry.
Under watchful eyes of IMF, govt will try to limit further build-up in circular debt by ensuring tariffs are reset in timely manner.
New IMF programme will lead nowhere if we fail to reach national consensus on structural reforms.
Challenging reforms, more funding, full and timely implementation of IMF programme are critical for pact's success.
Says the Paris meetings with IMF officials were the "turning point" in the breakthrough with the Fund for negotiations.
Agreement is under an SBA as the existing Extended Financing Facility programme signed in 2019 expires later today.
9-month stand-by arrangement is subject to approval by IMF's executive board in July; analysts emphasise sticking to pact conditions.
IMF mission chief says Islamabad has taken "decisive measures" in recent days; Dar hoping for release of $2.6bn in pending funding.
In phone call with PM, govt says IMF MD acknowledged finance minister and his team's efforts for completion of IMF programme.
Will Pakistan be able to get additional forex inflows of 11bn in next two quarters without revival of the current IMF programme?
Amid reassurances of self-sufficiency and an expansionary budget, the govt continues to engage the IMF for the $1.2bn tranche.
Finance Bill imposing Rs215bn more taxes approved; Asif urges NA not to pass bill seeking perks for senators.
Finance Minister Ishaq Dar defends move to implement reforms in pensions scheme.
Of new taxes, Rs70bn to come from fertiliser duty; Rs45bn from hike in tax on buying, selling property.
Pakistan doesn’t agree with the IMF on its external financing gap projections.
The federal government will raise a further Rs215 billion in new tax and cut Rs85bn in spending for the fiscal year starting next month.
Journalist Shahid Qureshi claims Dar slapped him, asked security personnel to "teach him a lesson".
PM emphasises need for a "fair, equitable and judicious" formula for distribution of financial resources among nations; meets world leaders on moot's sidelines.
PM hails "outstanding" Chinese financial support amid "inordinate" delay of IMF loan.