Pakistan has been on FATF’s increased monitoring list since 2018; it has previously been on it from 2008-10 and 2012-15. Pakistan’s history with the Financial Action Task Force (FATF) — the international watchdog against money laundering and financing of terrorism… Continue Reading
The US dollar breached another record on Thursday as it rose past Rs207 during early morning trade owing to concerns over depleting foreign exchange reserves and ambiguity regarding Pakistan’s deal with the International Monetary Fund (IMF). According to the Forex… Continue Reading
ISLAMABAD: Additional measures will be needed to bring Pakistan’s budget for the year 2022-23 in line with the key objectives of its International Monetary Fund programme, the lender’s resident representative in Islamabad said. “Our preliminary estimate is that additional measures… Continue Reading
According to The Express Tribune, The International Monetary Fund (IMF) has agreed to relax budget deficit ceiling aimed at allowing Pakistan to meet emergency fiscal needs to fight deadly coronavirus contagion that has started spreading rapidly. “The IMF has agreed… Continue Reading
Saudi Aramco will cut capital spending as it prepares for a prolonged period of lower crude prices after its largest shareholder launched an oil price war. Saudi Arabia’s decision to flood the market with additional supplies after Russia declined to… Continue Reading