IMF

Pakistan, IMF agree on cutting FBR’s tax collection target by Rs233 bn ISLAMABAD: Pakistan and the visiting IMF review mission have agreed on downward revision of FBR’s tax collection target by slashing it by Rs233 billion to bring it at Rs5,270 billion against earlier envisaged target of Rs5,503 billion for 2019-20. Against the demand of […]

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Economy shows signs of improvement on IMF support KARACHI: Economy is showing signs of stabilisation, helped by IMF support and planned capital injections in development projects during the current fiscal year, and is on track to meet the government’s 2019/20 growth target of 4 percent, the central bank said on Monday. “Development spending may play […]

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Govt unclear about $8.5 bn Chinese loan under IMF conditions ISLAMABAD: The Planning Ministry is unclear whether Pakistan will be in position to get Chinese loan of $8.5 billion for construction of ML-1 under the IMF conditions or not. This issue came under discussion during the proceedings of National Assembly Standing Committee on Planning, Development and Reforms […]

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Remaining on FATF grey list to impact capital inflows: IMF ISLAMABAD: Highlighting five major risks to $6 billion Fund programme, the IMF’s Resident Chief, Teresa Daban Sanchez, has said that Pakistan’s failure to get out of FATF grey list could have implications on capital inflows jeopardizing foreign financing assurances. She pointed out five major risks […]

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IMF says Pakistan committed to bold structural reforms KARACHI: Some of the policies in the IMF’s backed programme are tough but the PTI-led government is committed to implementing a wide-ranging reform agenda, an IMF official said on Monday. Teresa Daban Sanchez, the Fund’s resident representative for Pakistan said difficulties of implementing package were more complicated […]

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