KARACHI – The Pakistan Stocks Exchange (PSX) remained rangebound on Friday as elevated oil prices and escalating tensions in the Middle East kept investors on edge, while uncertainty over a delayed staff-level agreement (SLA) with the International Monetary Fund (IMF) added to market caution. Read More: Pakistan’s petroleum stock said to be at ‘comfortable levels’ The benchmark KSE-100 […]
IMF
IMF says ‘considerable progress’ made in Pakistan funding talks
The International Monetary Fund (IMF) has made “considerable progress” in talks with Pakistan over its funding facilities, the Fund said late Wednesday, adding that discussions will continue in the coming days. The IMF mission, led by Iva Petrova, had started talks with Pakistani officials on the third review of a $7 billion EFF multi-year program […]
IMF, Pakistan fail to reach staff-level agreement on review
ISLAMABAD: The International Monetary Fund (IMF) on Thursday confirmed that its mission could not reach a staff-level agreement (SLA) with Pakistan on the third review of the country’s $7 billion Extended Fund Facility (EFF) and the second review of the Resilience and Sustainability Facility (RSF), although discussions made considerable progress. Read More: Pakistan, IMF reach deal over […]
IMF questions govt’s plan to raise revenue ST abolition, salary tax cuts
The International Monetary Fund (IMF) has questioned the government’s ability to boost revenue in the upcoming budget after the abolition of the super tax and a reduction in tax rates for the salaried class, on Tuesday. The IMF mission, holding parleys virtually with Pakistani authorities, argues that one-time measures such as litigation, enforcement and outstanding […]
IMF expresses satisfaction with Pakistan’s progress
As uncertainty regarding peace and security unfolds in the region, the International Monetary Fund (IMF) review team returned from the federal capital after expressing satisfaction with Pakistan’s progress so far, on Tuesday. However, they also highlighted the downside risks that Pakistan faces on a medium-term basis. The review mission convened a plenary session with Finance […]
IMF mission begins talks in Islamabad as Pakistan seeks next programme review
Pakistan began formal talks with a visiting International Monetary Fund (IMF) delegation on Monday as the country prepares for the next review of its $7 billion bailout program. The IMF team is in Pakistan to conduct a review under the Extended Fund Facility (EFF) approved in September 2024, a multi-year program aimed at stabilizing the […]
MNCs, local companies urge IMF to abolish super tax, slash corporate tax
Both the multinational and big local companies have asked the International Monetary Fund (IMF) to abolish Super Tax, reduce corporate tax in a phased manner and rationalise advance as well as withholding taxes in order to reduce the burden of compliant sectors, on Sunday. The visiting IMF review mission held separate meetings with Overseas Investors […]
IMF opens talks with central bank on loan programmes
An International Monetary Fund (IMF) mission led by Iva Petrova on Wednesday began technical-level discussions with the State Bank of Pakistan (SBP) in Karachi for the third review of the $7bn Extended Financing Facility (EFF) and the second review of the $1.1bn Resilience and Sustainability Facility (RSF). The mission will remain in Karachi this week […]
Pakistan clarifies external debt and interest payment figures
ISLAMABAD: Pakistan’s Ministry of Finance on Monday clarifies assertions regarding the country’s external debt and interest payments following a recent press commentary. Officials said the figures cited in the report require context to accurately reflect Pakistan debt profile. Read More: Pakistan’s debt rises to $138 billion The Ministry stated that Pakistan’s total external debt and liabilities […]
Govt shares action plan with IMF ahead of review mission’s visit
Pakistan has shared an action plan with the International Monetary Fund (IMF) to review the process for appointing the chairperson of the National Accountability Bureau (NAB), introduce the publication of asset declarations for high-level federal civil servants in 2026, and implement risk-based verification of these declarations, on Sunday. The process for appointing the NAB chairperson […]