The International Monetary Fund (IMF) Executive Board will meet on May 9 to discuss the country’s staff-level agreement for a new $1.3 billion arrangement under a climate resilience loan programme, along with the first review of Pakistan’s ongoing $7bn bailout programme, the global lender’s website said. According to the Fund’s website, this will be the first “review under the Extended Arrangem
Geopolitical tensions, a downward revision in growth forecasts by the International Monetary Fund (IMF), and a weaker rupee due to declining foreign exchange reserves triggered selling pressure at the Pakistan Stock Exchange (PSX). As a result, the benchmark KSE 100 index ended the outgoing week in negative territory, breaking its bullish momentum. On Tuesday, IMF slashed its growth forecast fo
Amidst the International Monetary Fund’s concerns about the government’s incentivising policy to promote environment-friendly automobiles, manufacturers seemingly compete to produce hybrid electric vehicles (HEVs) and plug-in hybrids (PHEVs), diverging from the global trend towards pure electric vehicles. Auto stakeholders appear concerned over reservations shown by the IMF on tax relief propos
Global policymakers gathering in Washington this week breathed a collective sigh of relief that the US-centric economic order that prevailed for the past 80 years was not collapsing just yet despite Donald Trump’s inward-looking approach. The spring meetings of the International Monetary Fund and the World Bank were dominated by trade talks, which also brought some de-escalatory statements from
The Ministry of Commerce has raised concerns over decline in maize exports and directed the Department of Plant Protection (DPP) and others concerned to take immediate export facilitative interventions to help instant resumption of maize exports. In a letter, the ministry invites attention of the Ministry of National Food Security and Research (MNFSR) about the significant decline in Pakistan’s