Federal Minister for Finance and Revenue Shaukat Tarin on Friday disclosed the details of the agreement under which Pakistan had received funds worth $3 billion from Saudi Arabia, according to a written statement issued by the Senate Secretariat. A much-awaited $3 billion tranche had been deposited in the State Bank of Pakistan (SBP) on December مزید پڑھیں

The World Bank has sought at least four crucial ‘prior actions’ for the second phase of a multi-million dollar loan programme to advance the reform process – Resilient Institutions Strengthening Programme (RISE-II). The key prior actions would require the authorities to ensure harmonisation of General Sales Tax (GST) among the federal and provincial governments, control مزید پڑھیں

Oil prices fell on Monday as signs of a progress in the US-Iran nuclear talks that could lead to removal of US sanctions on Iranian oil sales offset concerns about the tight supplies. Brent crude was down $0.31, or 0.3%, at $92.96 by 1153 GMT, after earlier touching $94, its highest level since October 2014. مزید پڑھیں

Underscoring the need for continuity of policies, the International Monetary Fund (IMF) has said that expansionary policies, and reversal of a number of previously initiated reforms by the PTI-led government to spur growth, resulted in external imbalances. Pakistan’s economy is once again at crossroads as the country has a long history of stop-and-go economic policies مزید پڑھیں

The government has slashed the rate of profit by 40-72 basis points on various saving schemes, making it difficult to achieve the target of mobilising investments through the schemes from the general public in the current fiscal year. The Central Directorate of National Savings (CDNS) — which works under the Ministry of Finance — announced مزید پڑھیں

After successful negotiations with the International Monetary Fund (IMF), which led to the resumption of a $6 billion loan facility that had been stalled since 2019, Finance Minister Shaukat Tarin now looks to end Pakistan’s reliance on the multilateral lender by means of sustainable economic growth of five per cent to six per cent. Late مزید پڑھیں

Federal Minister for Finance and Revenue Shaukat Tarin on Thursday said that Pakistan became economically stable because of the loans provided by the International Monetary Fund (IMF). During an interview to Bloomberg, the finance minister said that in the current fiscal year the economic growth rate will be below five percent while the government hopes مزید پڑھیں

Stakeholders of the renewable energy sector have urged the government to withdraw the general sales tax on electric vehicles (EVs) and solar panels. They have also asked the International Monetary Fund (IMF) to play a responsible part in developing socially just and environment-friendly financing solutions for Pakistan. The Alliance for Climate Justice and Clean Energy مزید پڑھیں

The International Monetary Fund’s (IMF) Executive Board has approved the $1 billion loan tranche of their programme for Pakistan. Taking to Twitter, Federal Minister for Finance and Revenue Shaukat Tarin confirmed. I am pleased to announce that IMF Board has approved 6th traunche of their programme for Pakistan. — Shaukat Tarin (@shaukat_tarin) February 2, 2022 مزید پڑھیں

The gold price in Pakistan gained Rs50 per tola and Rs43 per 10 grams on Wednesday despite some appreciation of the rupee against the US dollar. The bullion price settled at Rs125,000 per tola and Rs107,167 per 10 grams. Pakistan meets almost all its gold demand through imports, and traders follow its international price in مزید پڑھیں