imf pakistan

Pakistan National Assembly passes bill to meet IMF demands for USD 1.1 loan facility

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Pakistan National Assembly passes bill to meet IMF demands for USD 1.1 loan facility

Islamabad: Pakistan‘s National Assembly on Tuesday unanimously passed a money bill aimed at raising tax revenues to fulfil the demands set by the IMF for seeking a USD 1.1 billion loan facility to avoid an economic meltdown. The Finance (Supplementary) Bill 2023 or ‘mini-budget’ was approved in the lower lower house of Parliament days after … Read more

IMF remains unconvinced by Pakistan govt’s amnesty scheme

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IMF remains unconvinced by Pakistan govt’s amnesty scheme

The International Monetary Fund (IMF) has expressed concerns over the financial impact and financing sources of the Pakistan Prime Minister Imran Khan‘s relief package on electricity and petroleum prices. The Dawn newspaper reported that the international body was left unconvinced by the Pakistan Tehreek Insaf (PTI) government’s justifications for a recently announced amnesty scheme. The … Read more