Connect with us

Latest News

Pakistani reforms discussed by IMF chief and finance minister

Published

on

The Washington discussion included economic challenges, policy preferences, and Pakistan’s economic reform vision.

Privatisation, tax reform, and private sector amenities were also discussed.

In the US, the finance minister is discussing a fresh IMF credit program for Pakistan.

Tuesday, Muhammad Aurangzeb praised the IMF and World Bank for their economic development assistance to Pakistan.

Muhammad Aurangzeb, Federal Minister for Finance and Revenue, attended the G-24, Finance Ministers, and Central Bank Governors’ Meeting, according to a news release.

The minister talked about taxation, energy, privatization, and digitalization changes and the need to increase private sector investment and use the “Adaptation Fund” to mitigate climate change.

The nine-month, $3 billion IMF loan program to address a balance-of-payments issue that nearly drove the South Asian nation to default last summer is reaching its end.

In a Washington interview, Finance Minister Muhammad Aurangzeb claimed Pakistan has began negotiations for a new multi-year IMF loan program for “billions” of dollars. The last $1.1 billion tranche of that transaction is expected to be granted later this month

Latest News

Gilani stresses the need of fostering a business community.

Published

on

By

In order to encourage investment in the nation, acting president Syed Yousuf Raza Gilani has underlined the importance of offering the business sector all the facilities they might possibly need.

Speaking during the opening of the Movenpick Hotel’s restaurants in Islamabad, he claimed that Pakistani food is well-liked all over the world and that its culture is distinctive.

The Acting President stated that through cooperation and teamwork, Pakistan may become a popular travel destination and the private sector has enormous economic potential.

He said that investors can use a one-window facility offered by the Special Investment Facilitation Council.

Continue Reading

Latest News

Rs. 146.64 billion was recovered after more than 115,000 electricity thieves were apprehended.

Published

on

By

The government’s initiatives to solve the electrical situation and boost the economy are paying off.

Electricity thieves have been recouped for Rs. 146.64 billion since September 2023.

There have been more than 115,280 arrests.

Just in the last week, 174 electrical thieves were caught and Rs. 970 million was recovered.

The goal of the authorities is to eradicate electricity theft across the country.

Continue Reading

Latest News

A Two-Day Conference on Climate Change Begins in Islamabad

Published

on

By

With an emphasis on promoting sustainable development and climate action in Pakistan, a two-day Climate Change Conference has begun in Islamabad.

Continue Reading

Trending