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9 Jan 23
The Pakistani government has revealed it will need around $8bn to help rebuild the country following a summer of devastating floods.
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7 Oct 22
Serious floods in Pakistan have led to increased public spending and higher debt, and a key factor in a downgrade to the nation’s credit rating, Moody’s has said.
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30 Aug 22
An agreement to resume a multi-billion-dollar deal with the International Monetary Fund is key to getting Pakistan’s economy back on track, the country’s prime minister has said.
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15 Jul 22
Pakistan’s economic recovery is dependent on concessional development finance from the International Monetary Fund, the country’s prime minister has said after it released a new tranche of funding.
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27 Jun 22
Pakistan’s prime minister has said a new “super tax” levied on big industries and a “poverty alleviation tax” on the country’s richest residents will cut the deficit and help fund measures aimed at...
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7 Jun 22
The new Pakistani government has been warned it will likely hit roadblocks when enacting reforms linked to concessional finance because rising prices will complicate its revenue-raising efforts.
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12 May 22
Pakistan has been urged to speed up its progress on reforms if it wants its economy to develop and recover from Covid-19.
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11 May 22
Governments unable to maintain the economic support they put in place amid Covid-19 to help their citizens deal with rising fuel and food prices face “inevitable” civil unrest, a report has suggested.
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12 Apr 22
The Pakistani government’s decision to oust prime minister Imran Khan could complicate reforms restricting access to external finance, according to ratings agency Fitch.
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3 Feb 22
Pakistan will receive $1bn from a previously-stalled bailout package after the International Monetary Fund’s executive board agreed it had made sufficient progress on policy reforms.
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10 Dec 21
Social protection programmes in Pakistan will benefit from $603m from the Asian Development Bank, as the government tries to implement its national anti-poverty strategy.
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30 Nov 21
Improving Pakistan’s tax collection is the key to economic stability and reducing its reliance on foreign loans, prime minister Imran Khan has said.
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22 Nov 21
The International Monetary Fund will resume a $6bn programme with Pakistan it paused in April, following negotiations that took more than a month to complete.
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30 Mar 21
Pakistan’s finance minister has been removed as part of prime minister Imran Khan’s drive to reduce inflation, according to the information minister.
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12 Jan 21
Pakistan has launched a digital payment system it hopes will improve economic inclusion and increase its relatively miniscule tax collection.
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23 Oct 20
Public finance management reforms in the Pakistani state of Punjab have been boosted by $304m of World Bank financing as the government hopes to generate savings and create fiscal space for growth-...
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1 Jul 20
The Covid-19 pandemic has highlighted structural problems in the financial relationship between Pakistan’s federal and provincial governments, according to Muhammad Afnan Alam.
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16 Jun 20
No new taxes have been levied to deal with the public finance toll of Covid-19 in Pakistan’s new budget, in which the government outlined a huge stimulus package and a sizeable hike in defence...
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6 Dec 19
Pakistan has been given an emergency $1bn loan to help shore up its public finances and provide support to a slowing economy.
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14 Oct 19
Growth in South Asia is projected to slow, the World Bank has warned, and a rebound is uncertain in the short term.
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9 Aug 19
Pakistan’s efforts to boost its exports in order to protect the economy against external shocks are being supported by a $500m loan from the Asian Development Bank.
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9 Jul 19
Critics of an anti-corruption campaign launched by Pakistan’s leader have said it is damaging the economy as officials fearful of being suspected put projects on hold.
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11 Jun 19
Pakistan’s military agreed to take a budget cut ahead of the government revealing its spending for the year today as the country faces a “critical financial situation”.
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13 May 19
The IMF has agreed a $6bn bailout with Pakistan to prop up the country’s fragile public finances and boost its sluggish economy.
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18 Feb 19
Saudi Arabia has promised investment deals worth $20bn with Pakistan to help boost its struggling economy.