The International Monetary Fund (IMF) on Saturday announced a staff-level agreement with Pakistan for the release of about $1.2 billion under two loan tranches, while warning that the ongoing Middle East war could cloud the country’s economic outlook by pressuring growth, inflation and external sector stability. The IMF said it reached the agreement only after […]
IMF
Pakistan unveils new tax-free real estate package for overseas investors
ISLAMABAD – The federal government of Pakistan has prepared a new tax-free real estate investment package aimed at attracting overseas Pakistanis, officials said on Thursday. The initiative is part of efforts to simplify property investment, make it more transparent, and encourage inflows of foreign currency amid global economic uncertainties. Read More: Govt scraps 3% FED […]
IMF assesses financial risks as Iran war uncertainty persists
The International Monetary Fund (IMF) is assessing potential financial risks across countries as uncertainty surrounding the ongoing Iran conflict continues, according to a report published on Wednesday. The institution is reportedly running various scenarios to identify economies that may require fresh financial support if the conflict prolongs. Read More: IMF, Pakistan fail to reach staff-level […]
Pakistan stocks trade cautiously amid oil surge and regional tensions
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 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 […]