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    Salaries cut, unnecessary trips prohibited as Pakistan PM Shahbaz unveils austerity steps

    Salaries cut, unnecessary trips prohibited as Pakistan PM Shahbaz unveils austerity steps

    22 Feb 2023

    Pakistan's government will cut back allowances and travel expenses of ministers and advisers as part of an austerity drive that will save it Rs200 billion ($766 million) a year,...

    Tax the rich and subsidise the poor, IMF chief tells Pakistan

    Tax the rich and subsidise the poor, IMF chief tells Pakistan

    20 Feb 2023

    Managing Director of the International Monetary Fund (IMF) Kristalina Georgeiva has advised Pakistan to stop giving tax evasion subsidies and plans to the rich if it wants to function...

    Pakistan finance minister presents ‘mini-budget’ in parliament to revive IMF loan

    Pakistan finance minister presents ‘mini-budget’ in parliament to revive IMF loan

    15 Feb 2023

    Tariq Butt / Correspondent A crucial tax amendment bill, proposing Rs170 billion ($639 million) taxes, to fulfil the conditions of the International Monetary Fund (IMF) to revive a stalled...

    Pakistan’s inflation hits 48-year high as IMF team visits for meet

    Pakistan’s inflation hits 48-year high as IMF team visits for meet

    01 Feb 2023

    Inflation has risen to a 48-year high in crisis-hit Pakistan, according to government data released on Wednesday, as IMF officials visit for urgent talks on a stalled bailout package. Year-on-year...

    Pakistani rupee plunges to all-time low against US dollar

    Pakistani rupee plunges to all-time low against US dollar

    26 Jan 2023

    The Pakistani rupee dived to an historic low against the US dollar on Thursday after an exchange cap was lifted as Islamabad campaigns to unlock a vital bailout from the...

    Pakistani rupee falls as market removes artificial cap

    Pakistani rupee falls as market removes artificial cap

    25 Jan 2023

    The Pakistani rupee weakened by 1.2% on Wednesday after foreign exchange companies removed a cap on the currency, saying it caused “artificial” distortions for an economy in desperate need of...

    Pakistan to take fiscal measures set by IMF to meet budgetary targets: Minister

    Pakistan to take fiscal measures set by IMF to meet budgetary targets: Minister

    11 Jan 2023

    Pakistan will take fiscal measures set by the International Monetary Fund (IMF) to meet its budgetary targets for the 2022-23 financial year, Finance Minister Ishaq Dar said on Wednesday....

    Pakistan’s finance minister to meet IMF in Geneva

    Pakistan’s finance minister to meet IMF in Geneva

    08 Jan 2023

    An International Monetary Fund (IMF) delegation will meet Pakistan’s finance minister on the sidelines of a conference in Geneva, a spokesperson of the lender said on Sunday, as Pakistan struggles...

    UAE, Pakistan trade on solid track

    UAE, Pakistan trade on solid track

    23 Dec 2022

    The total trade between the UAE and Pakistan reached Dhs19.7 billion in 2021, with a growth rate of 23% compared to 2020, and the growth rate of trade volume between...

    Sharjah Chamber boosts trade, investment ties with Pakistan

    Sharjah Chamber boosts trade, investment ties with Pakistan

    15 Dec 2022

    The Sharjah Chamber of Commerce and Industry (SCCI) has discussed ways to upgrade trade and investment cooperation with Pakistan and how to further develop priority economic sectors and open up...

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