Pakistan will lower its petrol subsidies following negotiations with the IMF

Pakistan announced its intention to eliminate petrol subsidies during negotiations with the International Monetary Fund (IMF) in Doha on Friday. According to individuals familiar with the situation, Pakistan outlined their intention to raise gas prices during negotiations with the IMF, as well as ideas to limit petrol subsidies to the poor. During the discussions, it […]

Sources said an IMF group will arrive in Pakistan on May 10

ISLAMABAD: According to sources, an International Monetary Fund (IMF) group will come in Pakistan on May 10 to have decisive negotiations with the federal administration. A group from the international banking organisation will visit Pakistan for ten days to meet with Pakistani officials. The IMF delegation will also meet with Pakistani officials to discuss the […]

Shaukat Tarin said there will be “good news shortly” concerning the IMF programme.

KARACHI: Shaukat Tarin, the Prime Minister’s Finance Advisor, stated on Sunday that the administration will offer the people “positive news” about the stalled $6 billion IMF programme “soon.” Tarin claimed the IMF wants to announce the contract on its own at a foundation stone laying ceremony for a hospital in Karachi’s Naya Nazimabad. He said […]

The IMF’s $2.75 billion boosts the SBP’s foreign exchange reserves to new highs.

KARACHI: The State Bank of Pakistan (SBP) has received $2.75 billion in Special Drawing Rights (SDRs) from the International Monetary Fund (IMF), bringing the central bank’s foreign exchange holdings to an all-time high of $20.14 billion. The central bank’s foreign currency reserves on August 27 were $20,145.6 million, according to statistics provided by the bank. […]