The International Monetary Fund (IMF) on Friday said that its executive board approved funding for Pakistan after the country “met all the targets” under the Extended Fund Facility (EFF) programme, adding that the loan programme for Islamabad was only for stabilisation of foreign exchange reserves and not related to theContinue Reading
The Pakistan Stock Exchange (PSX) recorded a historic rally during the week ending May 17, 2025, as the KSE-100 Index gained 12,474 points to settle at 119,649, reflecting an 11.64 per cent increase week-on-week. This marked one of the biggest weekly advances in the index’s history, driven primarily by aContinue Reading
The summer season of massive relief continues for electricity consumers, as another Rs1.55/unit cut in lieu of Quarterly Tariff Adjustment (QTA) has been notified by the regulator. The QTA for 3QFY25 will be in field for May, June and July 2025.The QTA for May and June will be in additionContinue Reading
The Indian government has prematurely recalled International Monetary Fund (IMF) Executive Director K.V. Subramanian six months before the end of his tenure in a clueless attempt to block the release of $2.3 billion to Pakistan, top sources clarified in an informal interaction with ProPakistani. The lender did not immediately respondContinue Reading
The International Monetary Fund (IMF) has seemingly dismissed India’s request to re-examine loans provided to Pakistan. The IMF’s representative for Pakistan, Mahir Binici, told ProPakistani that the Executive Board meeting for Pakistan has already been scheduled. Benici confirmed that the IMF Executive Board meeting is set for May 9. DuringContinue Reading
Bulls bounced back on the trading floor on Tuesday as shares at the Pakistan Stock Exchange climbed more than 800 points after a day of volatility. The benchmark KSE-100 index climbed 808.28 points, or 0.71 per cent, to stand at 114,872.18 from the previous close of 114,063.90. Awais Ashraf, directorContinue Reading
The Embassy of Pakistan in Washington DC hosted a landmark economic dialogue on the sidelines of the IMF and World Bank Spring Meetings, bringing together Pakistan’s economic leadership, global financial institutions, and corporate representatives from the United States. The event showcased Pakistan’s remarkable economic turnaround and its potential as aContinue Reading
The federal government has put the highest priority on the completion of ongoing and overall foreign-funded development projects in fiscal year 2025-26 to satisfy the International Monetary Fund (IMF), well-informed sources told ProPakistani. According to official sources, the Ministry of Planning has proposed a development budget of Rs. 2,900 billionContinue Reading
Pakistan has pledged to the International Monetary Fund (IMF) that it will “further strengthen institutional capacity to fight corruption and significantly reduce trade barriers to support inclusive growth and a level playing field for business and investment.” This statement is part of the press release issued by the IMF onContinue Reading
PAC uncovers controversial policy granting powers to FinMin The central bank governor, Jameel Ahmad, said on Thursday that there was no hurdle from the State Bank of Pakistan (SBP)’s side in reaching a staff-level agreement with the International Monetary Fund (IMF), and any outstanding issues might be related to theContinue Reading
