Customers at a currency exchange in Islamabad. Agence France-Presse
Pakistan Prime Minister Imran Khan’s government vowed to collect more taxes and make cuts in spending in a closely watched budget presented to parliament Tuesday, weeks after reaching a deal with the IMF for a $6 billion bailout.
Umar, one of cricketer-turned-premier Imran Khan's most powerful ministers, had been entrusted with the task of negotiating the long-delayed bailout as Pakistan's cash-strapped economy faces a balance-of-payments crisis.
Pakistan Prime Minister Imran Khan’s government was set to present an austerity-focused budget on Tuesday, weeks after the country reached an agreement with the International Monetary Fund
A delegation of the International Monetary Fund (IMF) arrived in Pakistan on Monday to continue discussions for a relief package. According to adviser and spokesman for the Ministry of Finance, Dr Khaqan Najeeb, the IMF team will meet officials of the Ministry, the Federal Board of Revenue and the State Bank during its visit to Pakistan.
Prices will rise by 20% starting on Friday, causing long lines to form at filling stations as the news spread. The new price of petrol will be Rs179.86 per litre and diesel will be Rs174.15, said Ismail in a tweet.
Mohammad Bin Abdullah Al Gergawi, Minister of Cabinet Affairs and Chairman of the World Government Summit Organisation, stated that the UAE,
The latest innovations in commercial print and package printing are drawing crowds to the ongoing Gulf Print and Pack (GPP) exhibition at the Dubai World Trade Centre.