Tag Archives: IMF

Pakistan and the International Monetary Fund (IMF) are still talking about raising taxes and electricity tariff at the last leg of technical-level discussions to put US$6 billion Extended Fund Facility (EFF) back on track. The virtual talks between the two …

The COVID-19 pandemic showed the importance of connectivity, but also highlighted a growing digital divide – 3.6 billion people lack even the most basic internet access. Governments are increasingly recognizing the need to improve internet access for all citizens, particularly …

Globally, fast rising trend of both external and domestic debt, emerging in 2008 and onwards due to economic recession has engulfed the entire financial world in a whirlpool of fiscal deficit both in developed and developing economies. Some of the …

Federal government claims that it has given a growth budget this time and is also consolidating its reforms introduced in the last two years. Pakistan has seen a contraction in the economy due to Covid-19, which has badly affected the …

More than one year has passed but the battle against pandemic still continues. Governments and businesses are struggling hard to reduce the damages caused by the on-going Covid-19 pandemic to the socio-economic fabric across the world without any discrimination of …

IMF program has now been resumed while government has also changed its Finance Minister in April 2021. A number of events happened in March, Pakistan got the IMF review board approval and Pakistan also floated Euro bond in March 2021 …

The Covid-19 pandemic has affected about 210 countries with more than 166 million confirmed cases and over 3.44 million deaths across the globe including Pakistan. Till the last week of May 2021, the overall number of global coronavirus cases has …

Our new finance minister, Shaukat Tarin, has strongly urged the IMF to reconsider its demand for raising electricity tariff by 5.36 rupees per unit over the next two years. We hope he succeeds in persuading the Fund’s managers against its …

Interview with Mr Ashfaq Yousuf Tola – President, Tola Associates PAKISTAN & GULF ECONOMIST had an exclusive conversation with Mr Ashfaq Yousuf Tola regarding The Multilateral Instrument (MLI), Tax Revenue Collection, Foreign Direct Investment, Balance of Payment and the outlook …

The economic impact of COVID-19 may have pushed 100 million people into extreme poverty. A new IMF study proposes a framework for developing countries to evaluate policy choices that can raise long-term growth and mobilize more revenue. To meet the …

For centuries, there was no need for Islamic finance as there was no financial system existed to “Islamize.” Up until the second half of the 19th century, the vast majority of the Muslim population around the world was unbanked and …

The Pakistan’s economy has been characterized as unstable and highly vulnerable to external and internal shocks. However, the economy proved to be unexpectedly resilient in the face of multiple adverse events. The economy of Pakistan is the 22nd largest in …