Prime Minister Shehbaz Sharif while taking notice of delays in the implementation of Trace and Track System (TTS) in tobacco, sugar, cement and fertilizer industries on Monday ordered immediate action against tax defaulters and evaders. The premier issued directives to the authorities concerned to form a committee to identify the hurdles in the implementation of TTS and those involved in tax th
Adviser to the Khyber Pakhtunkhwa chief minister on finance Muzzammil Aslam on Monday raised an alarm, warning that the new IMF bailout package, laced with “harsh conditions”, would unleash a tsunami of inflation and exacerbate public suffering. The PTI leader suggested the government refrain from hastily signing an agreement with the lender and instead involve the federating units to negotiat
ISLAMABAD: The review of IMF’s standby arrangement (SBA) is complete, and Pakistan is now seeking another IMF programme with the aim of “permanently resolving its fiscal and external sustainability weaknesses, strengthening economic recovery, and laying the foundations for a strong, sustainable, and inclusive growth”. This is expected to be the 25th IMF programme. Can an IMF programme “perma
Chief Executive Officer, Qatar Fund for Development (QFFD), Khalifa bin Jassem Al-Kuwari on Saturday showed his interest in increasing the footprint of the fund in Pakistan’s power generation and housing sectors. Both the countries would further enhance bilateral cooperation by initiating technical level discussions, according to a press statement issued by the Economic Affairs Division. A QFFD
The World Bank has approved nearly $150 million in loans for two projects, including $72 million in additional funding for a scheme plagued by delays and loan cancellations. The Board of Directors of the World Bank approved the Digital Economy Enhancement Project costing $78 million amid a ban on the use of X platform in Pakistan. The Washington-based lender also approved additional financing o