The Government of Pakistan has decided to formally approach the International Monetary Fund (IMF) to request flexibility on the super tax imposed on major industries. This move comes amid growing concerns from the business community over the heavy tax burden, which they warn could drive investment out of the country, especially to the UAE. According […]
International Monetary Fund (IMF)
India faces major setback as IMF approves loan installment for Pakistan
In a significant development, India has suffered a major setback as the International Monetary Fund (IMF) Executive Board has approved the release of a loan installment for Pakistan. This move comes after the IMF approved a $1.3 billion additional funding program for Pakistan, which includes financial assistance for climate change mitigation efforts. Earlier, an official […]
Global financial alarm: India-Pakistan tensions threaten regional stability
The ongoing military escalation between Pakistan and India is drawing increasing concern from international financial watchdogs, with warnings that the crisis could destabilize not only the region but also broader economic dynamics. Credit ratings agency S&P Global and the International Monetary Fund (IMF) both issued statements urging immediate diplomatic de-escalation to prevent lasting damage to […]
Moody’s sounds alarm on Pakistan’s economy amid Kashmir crisis
Global credit ratings agency Moody’s has warned that rising tensions between India and Pakistan may threaten Pakistan’s fragile economic recovery. The agency expressed concern that further escalation could disrupt access to foreign funding and reverse progress made under the International Monetary Fund (IMF) programme. In a note issued Monday, Moody’s acknowledged recent improvements in Pakistan’s […]
India asks IMF to review loans given to Pakistan amid rising tensions
India has formally asked the International Monetary Fund (IMF) to reassess the financial aid and loan programs provided to Pakistan. A senior Indian official confirmed the request to Reuters but did not share further details. The demand comes amid worsening diplomatic relations following the recent Pahalgam attack in Indian-administered Kashmir. Pakistan’s economic team has responded […]
IMF board to discuss Pakistan’s financial programmes on may 9
The International Monetary Fund (IMF) Executive Board is set to meet on May 9 to review Pakistan’s financial arrangements. The meeting will discuss Pakistan’s $1.3 billion climate resilience loan and the first review of its $7 billion bailout programme. This review is part of the ongoing 37-month Extended Fund Facility (EFF) arrangement with the IMF. […]
Pakistan accepts IMF’s condition to prioritize climate change in development projects
Islamabad: Pakistan has agreed to a key condition from the International Monetary Fund (IMF). The country will give more importance to climate change when selecting development projects. This change will take effect by August 2026. Climate change factors will make up 30% of the selection criteria for these projects. Reports from Jang and The News […]
IMF team arrives in Pakistan for governance review
A delegation from the International Monetary Fund (IMF) has arrived in Pakistan to review governance and corruption issues. The IMF team plans to meet with Pakistani officials starting Monday. Their main goal is to offer technical assistance that will strengthen Pakistan’s reform capacity. During their visit, the IMF will review budget proposals for the fiscal […]
IMF condition met: Pakistan establishes directorate to address tax issues
The federal government has approved the creation of new offices at the Federal Board of Revenue (FBR) Headquarters to tackle tax evasion. This move fulfills another condition set by the International Monetary Fund (IMF). A formal notification has been issued regarding the establishment of a Directorate for Special Measures, led by the Director General and […]
PM calls $1.3 billion IMF deal a major economic milestone
Prime Minister Shehbaz Sharif has praised the successful agreement with the International Monetary Fund (IMF) for a $1.3 billion loan. He called it a major achievement for Pakistan’s economic stability. The deal will boost Pakistan’s foreign reserves to $8.3 billion. In a Cabinet Committee meeting, the Prime Minister credited various government officials for their efforts […]