Given my interactions with the International Monetary Fund (IMF) and the dialogue decisiveness of the current government, I feel very hopeful that there will be a successor programme from the Fund,” said the Asian Development Bank’s (ADB) Country Director for Pakistan Yong Ye in an exclusive interview on the sidelines of ADB’s 57th Annual Meeting in Tbilisi this week. Tacitly indicating that su
Finance Minister Muhammad Aurangzeb on Sunday said that there was “no such thing” as strategic state-owned enterprises (SOEs) as he stressed the need for privatisation. He made the remarks at a pre-budget conference in Lahore, two days after Deputy Prime Minister Ishaq Dar said the government would limit its business only to strategic and essential SOEs under its domain but their number would b
An International Monetary Fund (IMF) mission will meet Pakistani authorities next week to discuss the “next phase of engagement”, an official from the international money lender said on Sunday. Speaking to Dawn.com, Esther Perez Ruiz, the Fund’s resident representative for Pakistan, said: “A mission team led by Nathan Porter, IMF’s mission chief to Pakistan, will meet with authorities next week
As unaffordable power supplies affect demand and push consumers out of the national grid, question marks are being raised over the procurement of imported coal for power plants in the long term despite the government’s and the International Monetary Fund’s (IMF) overall policy direction for localisation and import substitution. The power plants are getting into long-term coal import — a market
The stock market snapped a three-day losing streak on Thursday as selective value-hunting helped the benchmark KSE 100-share index close the session in the green territory. Ahsan Mehanti of Arif Habib Corporation said the World Bank’s reaffirmation of collaborating with Pakistan in structural reforms and sustainable development contributed to the PSX’s mild recovery. After completing his thr