The International Monetary Fund (IMF) has endorsed the State Bank of Pakistan’s (SBP) decision to keep the interest rate unchanged despite a sharp deceleration in inflation. The IMF-Pakistan SBA (2nd and Final Review) Country Report made it clear that the Fund was willing to see no change in the interest rate despite demand from the stakeholders in the wake of falling inflation, which has widen
PRIME Minister Shehbaz Sharif has termed Pakistan’s recent diplomatic deliberations with Saudi Arabia “great progress”, Geo News reported. In an interview with Arab news channel Al Arabiya English, the premier said, “We have identified areas of mutual cooperation, both at the government-to-government and business-to-business levels and that have been clearly identified. We now have a clear-cut
Given my interactions with the International Monetary Fund (IMF) and the dialogue decisiveness of the current government, I feel very hopeful that there will be a successor programme from the Fund,” said the Asian Development Bank’s (ADB) Country Director for Pakistan Yong Ye in an exclusive interview on the sidelines of ADB’s 57th Annual Meeting in Tbilisi this week. Tacitly indicating that su
Finance Minister Muhammad Aurangzeb on Sunday said that there was “no such thing” as strategic state-owned enterprises (SOEs) as he stressed the need for privatisation. He made the remarks at a pre-budget conference in Lahore, two days after Deputy Prime Minister Ishaq Dar said the government would limit its business only to strategic and essential SOEs under its domain but their number would b
An International Monetary Fund (IMF) mission will meet Pakistani authorities next week to discuss the “next phase of engagement”, an official from the international money lender said on Sunday. Speaking to Dawn.com, Esther Perez Ruiz, the Fund’s resident representative for Pakistan, said: “A mission team led by Nathan Porter, IMF’s mission chief to Pakistan, will meet with authorities next week