Pakistan has received $1.3 billion from the International Monetary Fund under its ongoing financial assistance programmes, providing fresh support to the country’s foreign exchange reserves. In a statement, the State Bank of Pakistan confirmed the receipt of funds, saying the transfer was made under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility […]
IMF tranche
PSX soars over 1,900 points on economic optimism
The Pakistan Stock Exchange (PSX) recorded a strong rally on Monday, with the KSE-100 index surging by 1,945 points, or 1.22%, to close at 161,538.41. The market opened on a positive note and sustained its momentum throughout the session. It hit an intra-day high of 161,881 points, reflecting renewed investor confidence after recent volatility. Buying […]
Pakistan, IMF agree to cut tax target by Rs150 billion
ISLAMABAD: The government has reached an agreement with the International Monetary Fund (IMF) to reduce Pakistan’s tax collection target by Rs150 billion, official sources confirmed on Thursday. According to Federal Board of Revenue (FBR) officials, the target has been revised down from Rs14.131 trillion to Rs13.981 trillion for the current fiscal year. The IMF, however, has […]