KARACHI: Sovereign bonds slumped on Friday after Pakistan’s bailout talks with the IMF ended without an agreement. The country’s bond due for repayment the soonest, in April 2024, tumbled 4.6 cents on the dollar or roughly nine per cent. Other… Continue Reading
ISLAMABAD: The government put on a brave face amid a stalemate on securing a bailout from the International Monetary Fund (IMF), needed to avert a nearing sovereign default, as the two sides remained short of concluding external financing estimates and… Continue Reading
ISLAMABAD: Pakistan on Wednesday sought the US support in reviving the IMF programme to facilitate soft landing of its economy marred by exogenous challenges like Floods and adverse global economic conditions. During a meeting on Wednesday, Finance Minister Ishaq Dar… Continue Reading
By Raashid Wali Janjua The time has come for Pakistan to take some tough decisions and reorient its economic policies. Business as usual will yield the same errors. The shocking economic and human security projections will make the 100 million… Continue Reading
Dr Noman Ahmed DiSTURBING news has been emanating from Gwadar for several weeks now. People led by a political leader have been demanding their basic rights. Access to fishing in their own waters, the security of tenure of fisherfolk’s settlements,… Continue Reading
THE State Bank’s decision to hike its key policy rate by 100 basis points to a 24-year high of 16pc, after maintaining the status quo in its last two monetary policy committee meetings in August and October, is a step… Continue Reading
ASK anyone familiar with economic matters what is the basic problem with Pakistan’s economy and they will say it’s the current account deficit. And that would be the correct answer. The boom-and-bust cycle of our economy is precisely because… Continue Reading
Former finance minister and PTI leader Shaukat Tarin urged the government to renegotiate and seek relief from the IMF (International Monetary Fund) in the wake of disastrous floods, as he called it out for “leaking” the audios attributed to him regarding… Continue Reading
THE government has finally come to terms with ‘IMF-dictated’ budgetary measures and increased target for revenue collection to Rs7.47 trillion for the next fiscal year with net addition of Rs466 billion worth of taxes since the June 10 original budget.… Continue Reading
The measure may address immediate solvency concerns but if reforms are not done, there will be no golden goose to cull in future. The Shehbaz Sharif-led government, earlier today, announced the imposition of a super tax of 4 per cent across all… Continue Reading