Pakistan has informed the International Monetary Fund (IMF) of its compliance with all preconditions, while the government finalizes an increase of over Rs. 5 in the base electricity tariff.
The Ministry of Finance held virtual talks with the IMF, where the latter expressed satisfaction with Pakistan’s actions. Progress on the new loan program is expected by the third week of July.
A briefing in the Ministry of Finance covered post-budget measures, with updates on changes in gas prices from July 1 shared with the IMF. The officials praised Pakistan for the smooth transition from budget approval to implementation.
Discussions also touched on the IMF delegation’s upcoming visit to Pakistan to finalize the new loan program, likely to be settled this week, with significant progress anticipated by mid-July.
Despite crowded markets and high expectations, Karachi’s traders have expressed disappointment over sluggish sales during…
Prime Minister Shehbaz Sharif has announced a reduction in electricity tariffs, lowering the national average…
The much-anticipated drama Shirin Farhad has officially hit the screens, and fans can’t stop talking…
PepsiCo Pakistan is advancing its food security efforts this Ramadan through the "Filling Hearts" initiative,…
BYD released its 2024 financial report, with key indicators reaching record highs! The company achieved…
Eid in Dubai is a time of joy, celebration, and togetherness, bringing a unique blend…
This website uses cookies.