ISLAMABAD: Pakistan is facing the challenge of unsustainable public debt and the new government should reach an early agreement with the International Monetary Fund (IMF) for a long-term bailout package to continue difficult reforms, said outgoing Finance Minister Dr Shamshad Akhtar on Thursday. In a departing note in the monthly economic outlook, Akhtar said that market confidence had been res
The United States has urged Pakistan to “continue working with the International Monetary Fund (IMF) and other international financial institutions towards macroeconomic reforms” for economic stability in the country. The development comes after the PTI wrote a letter to the Fund urging the lender to endorse an audit of the 2024 elections for the sake of political stability in the country, befo
The Ministry of Finance has anticipated that inflation will experience a gradual decline from this month primarily due to a decrease in the prices of perishable items. Inflation is projected to hover around 24.5-25.5 per cent in February, with expectations of a further easing to 23.5-24.5pc in March, the ministry said in its Monthly Economic Update and Outlook for February. “Despite the upwa
ISLAMABAD: In its last fuel price revision announcement before farewell, the caretaker government on Thursday increased the petrol price by Rs4.13 per litre for the next fortnight ending March 15 but left the price of high-speed diesel unchanged. In a late-night announcement, the Ministry of Finance announced the new prices for the next fortnight, starting from March 1, as recommended by the
KARACHI: Traders claimed on Thursday that gold jewellery exports came to a standstill since last week due to the abrupt removal of SRO760 from the WeBOC system of the Federal Board of Revenue (FBR). Pakistan Gems Jewellery Traders and Exporters Association (PGJTEA) Chairman Habib-ur-Rahman in a letter informed the FBR that the SRO facilitates various exemptions including sales tax but its