IMF’s report on fiscal problems of Pakistan. The International Monetary Fund (IMF) has criticised the former PTI-led government’s policy missteps, saying that programme implementation regressed shortly after the sixth review was completed in November. According to the IMF staff report issued following the completion of the 7th and 8th reviews and the revival of Pakistan’s […]
IMF bailout
Pakistan turned to IMF due to a deficit of billions left behind by PML-N, says Shaukat Tarin
ISLAMABAD: Pakistan had to opt for a bailout programme by the International Monetary Fund (IMF) because the PML-N government left a current account deficit of more than $20 billion behind in 2018, says Finance Minister Shaukat Tarin. He responded to allegations made against the government and how it dealt with the country’s economy ruined by […]
Taxation woes: IMF, Pakistan stand-off persists
ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have not yet reconciled on a number of issues as the two sides are yet to reach agreement over decisions such as taking additional taxation measures, hiking petroleum levy and increasing electricity tariff. The government plans to present the Budget 2021-22 in the Parliament on June 11, […]
Consequences of the IMF bailout
Indebtedness has become one of the biggest problems in the world today. According to the World Bank statistics the global debt has reached $6.9 trillion, an increase of 4.1 per cent since 2015. A major share of the budgets of many economies is allocated for debt servicing. It is important to understand the hegemonic role […]