Pakistan, IMF reach staff-level agreement on policies & reforms to complete sixth review under six billion dollars Extended Fund Facility WASHINGTON ( Web News ) Pakistan and the International Monetary Fund (IMF) have reached a staff level agreement on policies and reforms to complete the sixth review under six billionRead More →

IMF is expected to disburse $2.8 billion for Pakistan on 23rd of August, which will boost State Bank’s reserves to record high level ISLAMABAD ( JAVED MAHMOOD ) On 23rd of August, 2021, the International Monetary Fund is expected to provide $2.80 billion to Pakistan under its $650 billion newRead More →

The increase would be the biggest ever for SDRs, which are international reserve assets that aid governments in protecting their financial reserves against global currency fluctuations, and also help the IMF calculate loans and interest rates. ISLAMABAD ( JAVED MAHNOOD ) Managing Director International Monetary Fund Kristalina Georgeiva said onRead More →

ISLAMABAD ( PRESS RELEASE ) The Extended Fund Facility arrangement aims to support the authorities’ strategy for stronger and more inclusive growth by reducing domestic and external imbalances, removing impediments to growth, increasing transparency, and strengthening social spending. An ambitious structural reform agenda will supplement economic policies to rekindle economicRead More →

ISLAMABAD ( MEDIA REPORT ) Censuring the exorbitant tax burden on telecom sector, the 60th meeting of Sustainable Development Policy Institute (SDPI) Study Group on Information Technology and Telecommunication on Thursday concluded that Rs40 billion annual withholding tax on telecom consumers has brought the once lucrative sector on the vergeRead More →