Written by 
Cash-strapped Pakistan‘s central bank has revealed the country is scheduled to repay a total of USD 30.35 billion in maturing foreign debt and interest payments in 12 months (August 2024 to July 2025) including those significant loans which bilateral creditors roll over every year.The State Bank of Pakistan (SBP) data, cited by a JS Global […]
ISLAMABAD: The International Monetary Fund (IMF) has confirmed that its Executive Board will meet on September 25 to discuss the approval of Pakistan’s $7 billion Extended Fund Facility (EFF). The loan is crucial for stabilising Pakistan’s economy, which has been grappling with rising inflation and dwindling reserves. IMF spokesperson Julie Kozack announced the meeting during […]
ISLAMABAD: The government on Wednesday withdrew a proposal to establish a new Export Processing Zone (EPZ) in Balochistan, complying with a condition set by the International Monetary Fund (IMF), highlighting the global lender’s growing influence over the country’s economic decision-making. The Ministry of Industry and Production had initially pushed for the creation of the EPZ […]
ISLAMABAD: In a major development, Pakistan has accepted the International Monetary Fund (IMF) condition that it will not establish any new special economic or export processing zone and tax incentives already availed by the existing zones will not be extended after expiry. The IMF’s condition under the $7 billion Extended Fund Facility (EFF), which is […]