All posts tagged "World Bank"
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777BusinessPakistan and IMF on Verge of Agreement Following Budget Adjustments and Withdrawal of Import Restrictions
Following intense negotiations, Pakistan and the International Monetary Fund (IMF) have made significant progress toward reconciling their differences. The key breakthrough occurred...
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5.7KPakistan
Pakistan Rejects IMF Advice on Tax Exemptions, Straining Relations and Uncertain Economic Future
On Thursday, the Finance Minister of Pakistan, Ishaq Dar, fiercely opposed the International Monetary Fund’s (IMF) advice regarding tax exemptions, indicating a...
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547Business
Pakistan’s Tax System Needs Overhaul, Says World Bank
The World Bank has called for an overhaul of Pakistan’s tax system to simplify provisions, close loopholes, and ensure an equitable distribution...
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6.5KBusiness
World Bank Warns Of Further Rise In Pakistan’s Inflation To 29.5% In FY23
Pakistan’s inflation is set to rise to 29.5% in the fiscal year 2023 due to the weaker Rupee, as well as higher...
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578Business
IMF Remains Steadfast On Staff-Level Agreement: Ishaq Dar
Pakistan’s Finance Minister Ishaq Dar has urged the International Monetary Fund (IMF) to show some flexibility and sign the staff-level agreement during...
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1.6KPakistan
Pakistan’s default risk has dropped dramatically below 60%
Pakistan’s chances of default on its debt have dwindled in recent sessions, with the cost of ‘insuring’ the country’s sovereign debt falling...
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1.5KPakistan
ADB approves $554m flood assistancee for Pakistan
The Asian Development Bank (ADB) approved a $554 million financing package, including new and reallocated funds, on Monday to support Pakistan’s recovery...
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1.5KPakistan
Sindh govt to launch $100 million WB funded housing project in flood hit areas
Sindh Chief Minister Syed Murad Ali Shah has decided to launch a Rs110 billion housing project for flood-affected people with the assistance...
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582International
Europe to be hit hardest in global economic slowdown
The greatest energy crisis since the 1970s will cause a dramatic slowdown, with Europe being hardest hit, the OECD said, adding that...
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1.7KPakistan
$500 million financing agreements signed with World Bank for KP and Punjab
The “Punjab Resilient and Inclusive Agriculture Transformation Project” worth $200 million and the “Khyber Pakhtunkhwa Accessibility Project” worth $300 million are among...
