Another jump sees petrol near Rs250 – Business

• New warehouse transfer rates for HSD and LDO are Rs276.54 and Rs226.15 per liter.• The country’s fuel consumption has increased by 20% in the last two months despite rising prices.• Miftah says oil levies were applied to revive a halted IMF loan program. ISLAMABAD: As promised by the International Monetary Fund (IMF), the government … Read more

Pakistan receives combined IMF targets for 7th, 8th reviews: Miftah – Pakistan

Finance Minister Miftah Ismail said on Tuesday that Pakistan had received economic and fiscal integration targets for the seventh and eighth reviews of the International Monetary Fund’s (IMF) bailout program. “Early this morning the Pakistani government received MEFP for 7th and 8th review from the IMF,” Ismail tweeted. The Memorandum of Economic and Financial Policy … Read more

No choice other than IMF-dictated budget, NA told – Pakistan

ISLAMABAD: Senator Sherry Rehman on climate change, who accused the former Pakistani Tehreek-i-Insaf (PTI) regime of putting the country on the brink of bankruptcy, said on Wednesday the coalition had no choice but to submit a budget. International Monetary Fund (IMF) Oral and Conditions. “This is absolutely the IMF budget. There is no doubt,” said … Read more

Miftah says govt willing to curb fuel subsidies – Business

Finance Minister Miftah Ismail promised on Friday that the International Monetary Fund would push for structural reforms to boost the economy in crisis as the International Monetary Fund agreed to a recommendation to cut fuel subsidies and end corporate tax exemptions. In 2019, the IMF approved a three-year loan of $6 billion to Pakistan, but … Read more