PARIS - Financial Action Task Force (FATF) has expressed satisfaction on the measures taken by Pakistan and its progress in various areas. According to details, the meeting of the FATF started in Paris on Sunday will continue till Friday next. A Pakistani delegation led by Minister for Economic ...

ISLAMABAD - The government of Pakistan Tehreek-e-Insaf (PTI) today completed its first year in power under the leadership of Prime Minister Imran Khan. During this period, the government took a number of steps for the development of different sectors, despite innumerable challenges, the Radio ...

ISLAMABAD - International Monetary Fund Mission chief for Pakistan, Ernesto Ramirez-Rigo says IMF one billion dollars tranche for Pakistan would be released shortly, the Radio Pakistan reported. Talking to media, Ernesto said that releasing loan would help stabilize the economic institutions in ...

ISLAMABAD - The International Monetary Fund (IMF) supported program is expected to integrate broader support from multilateral and bilateral creditors in excess of US $ 38 billion over the programme period (39 months), which is crucial for Pakistan to meet its large financing needs in the coming ...

ISLAMABAD – Pakistan's top military commander has said the armed forces played their part by voluntarily foregoing annual increase in defence budget and "this is not the only step" we are taking for improvement of economy. "Pakistan is going through difficult economic situation, and we all need ...

ISLAMABAD – The federal budget for the next fiscal year will be presented in the National Assembly today (Tuesday). Prime Minister's Adviser on Finance Dr Hafeez Shaikh will present the budget emphasising on austerity, fiscal discipline, external sector management and protection of the poor. The ...

WASHINGTON – Pakistan’s growth is expected to slow further to 2.7% in next fiscal year, which begins July 16, as domestic demand remains depressed and as current account and fiscal deficits diminish only gradually, according to a new report by the World Bank. The World Bank has lowered its ...

ISLAMABAD - The US dollar has further appreciated against the Pakistani rupee in the open and interbank Currency market. According to media reports, the US dollar gained Rs6.61 against Pakistani rupee in the interbank market, rising to Rs148. In the open market, the dollar has gained Rs3, taking it ...

ISLAMABAD - The federal cabinet met under the chair of Prime Minister Imran Khan on Tuesday and approved the tax amnesty scheme after due deliberation. Addressing a press conference alongside FBR Chief Shabbar Zaidi, Minister of State for Revenue Hammad Azhar, Special Assistant to Prime Minister on ...

ISLAMABAD – Pakistan has finalised an agreement with the International Monetary Fund (IMF) on a three-year bailout package, the Adviser to PM on Finance confirmed on Sunday evening. Dr Abdul Hafeez Shaikh appeared on national TV screens in an interview with PTV to tell the nation that the IMF ...

ISLAMABAD: The Government of Pakistan and the International Monetary Fund (IMF) will resume their talks on a bailout agreement for a second day (Saturday) in Islamabad. Earlier, Pakistan and the visiting International Monetary Fund (IMF) Mission have made good progress in their discussions held in ...

ISLAMABAD – Pakistan Tehreek-e-Insaaf (PTI) led federal government and the International Monetary Fund (IMF) are likely to finalize a three-year loan program today (Friday). According to media reports, a staff-level agreement between the two is expected to range between $6-7 billion as the draft ...

ISLAMABAD – The Pakistani government has agreed with the conditions of International Monetary Fund (IMF) to increase the prices of natural gas and electricity in the South Asian country. The federal government will collect Rs340 billion in three  years from increasing rates of gas and power. ...

BEIJING - Prime Minister Imran Khan met the Managing Director of International Monetary Fund (IMF), Christine Lagarde on Friday. The meeting came on the sidelines of Second Belt and Road Forum currently being held in Beijing city of China. The prime minister discussed the economic issues faced by ...

ISLAMABAD – A high-ranking Chinese official in Pakistan has come out in support of former finance minister Asad Umar, who quit Prime Minister Imran Khan’s cabinet last week, for showing the mirror to Western democracies over their double standards. Lijian Zhao, who serves as China’s Deputy ...

ISLAMABAD - Newly appointed adviser on finance Abdul Hafeez Sheikh called on Prime Minister Imran Khan in Islamabad on Saturday. Dr Sheikh apprised the premier regarding talks with officials of the International Monetary Fund (IMF) and in brief interaction with media said the process of talks with ...