Thursday , 17 January 2019

Tag Archives: IMF

IMF provided Chinese investment details

Pakistan submits Chinese package details to IMF: Asad Umar Finance Minister Asad Umar on Monday stated that Pakistan has formally submitted details of the Chinese package to the International Monetary Fund, Express News reported. While talking to the media aboard a flight from Karachi to Islamabad, the finance minister apprised State Bank of Pakistan’s monetary and fiscal policies and stressed …

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Khan’s 100 days and beyond

The T100 The best news since the PTI government took charge is its decision to finally initiate legal proceedings against Khadim Hussain Rizvi The Kaptaan’s first 100 (plus some) days have left even his most die-hard followers a bit red-faced, reduced to parroting the familiar refrain, “So would you rather have Nawaz? Or Zardari?” as an excuse. Not that any …

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Dollar up against Pak rupee

Rupee weakens against dollar The rupee weakened against the dollar at Rs133.93/Rs134.11 in the inter-bank market on Monday compared with Friday’s close of Rs133.88/Rs134.07, according to the State Bank of Pakistan (SBP). Last month, the rupee strengthened after Saudi Arabia agreed on a $6-billion assistance package for Pakistan. Earlier in October, a slump in the value of the rupee came …

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Widening budget deficit does not look good for PTI

Budget deficit widens to Rs541.7b amid lax spending control The budget deficit in first quarter of the current fiscal year widened to Rs541.7 billion in the wake of loose control over debt and defence spending, suggesting things may get out of the control of Pakistan Tehreek-e-Insaf (PTI) government. The Rs541.7-billion deficit was equal to 1.4% of the gross domestic product …

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IMF wants higher taxes in Pakistan

As policy-level talks kick off, IMF stresses higher tax collection in Pakistan The International Monetary Fund (IMF) has expressed its dissatisfaction at the current state of Pakistan’s tax collection, a team representing the body that arrived here in the city to discuss the country’s ongoing financial crisis said late Monday. Earlier in the day, the delegation, which has already concluded …

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Rupee gains against US$ after Saudi Arabia’s positive response

Rupee sharply regains Rs1.92 against greenback in inter-bank market The rupee has been depreciated five times against the greenback since December 2017, which has seen the local currency losing a cumulative 27% of its value against the greenback The rupee gained strongly against the dollar in the inter-bank market on Wednesday, as it regained Rs1.92 to trade at Rs132 on …

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Pakistan’s challenges, hopes and actions

Economy blues And the beleaguered media Prime Minister Imran Khan is perhaps making a somewhat desperate last minute attempt to escape the gauntlet of the IMF (International Monetary Fund). In his interaction with media owners the other day, discussion was mainly focused on problems faced by the print and electronic media. However he suddenly sprung a surprise by bowling a …

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How Shahbaz Sharif used NA floor to malign NAB

Shahbaz used NA floor for NAB’s media trial: Imran Declaring the opposition as a “gang of criminals”, Prime Minister Imran Khan on Saturday accused Pakistan Muslim League-Nawaz (PML-N) president and Leader of Opposition in the National Assembly Shahbaz Sharif of using the floor of the house to malign the National Accountability Bureau (NAB). Talking to two groups of foreign journalists and local …

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Imran Khan leaves for Saudi Arabia for Investment Conference

PM Imran arrives in Saudi Arabia to attend key investment conference Prime Minister Imran Khan has arrived in Saudi Arabia to attend a key investment conference being held in Riyadh from October 23 to 25. He was accompanied by Foreign Minister Shah Mehmood Qureshi, Finance Minister Asad Umar, Information Minister Fawad Chaudhry, Chairman Board of Investment (BoI) Haroon Sharif and …

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