Flood relief
Floods have ravaged Pakistan's Chenab, Ravi, and Sutlej river basins, displacing millions and damaging crops on over 1.3 million acres of land. In response, Prime Minister Shehbaz Sharif has directed the Ministry of Finance to seek IMF approval for waiving electricity bills for three months, similar to
Flood relief
Prime Minister Shehbaz Sharif has taken swift action to address the humanitarian crisis caused by the devastating floods in Pakistan. In a move to provide immediate support to those affected, the government has directed the Ministry of Finance to initiate talks with the International Monetary Fund (IMF) for a possible
Economic growth
The International Monetary Fund (IMF) has released its latest update of the World Economic Outlook (WEO), revealing a global economy struggling with resilience and uncertainty. Despite a tumultuous 2020, beginning with the COVID-19 pandemic and followed by the Russia-Ukraine conflict and the US-China trade tensions, the global economy has managed
Economic growth
As the US paused heightened tariffs for 90 days, the International Monetary Fund (IMF) has revised its global economic forecast, expecting a 3% growth rate this year, up from an initial projection of 2.8%. The growth momentum is expected to continue into 2026, with the economy projected to expand
Economic growth
New projections from the International Monetary Fund's (IMF) latest World Economic Outlook indicate that global economic growth will reach 3% in 2025 and 3.1% in 2026, a significant upgrade from the April forecast of 2.8% and 3%. This upgrade reflects factors such as a strong degree
Economic growth
The International Monetary Fund (IMF) has revised its global economic growth projections, attributing the upgrade to the diminishing impact of trade tariffs and a significant increase in US imports. This revision marks a significant shift from previous predictions, with global growth expected to reach 3% in the current year and
Economic growth
The International Monetary Fund has projected that global economic growth will increase to 3.1% in 2026, exceeding initial expectations despite a slowdown in the U.S. economy caused by fluctuating tariffs. The IMF's world outlook also indicates that the U.S. has partly reversed course in lowering
College faculty
Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF), will depart the organization at the end of August to assume the inaugural Gregory and Ania Coffey Professor of Economics position at Harvard University. Gopinath joined the IMF in January 2019 as Chief Economist and was promoted
Budgets
Finance Minister Muhammad Aurangzeb has defended the government's highly contentious budget proposals for the fiscal year 2025-26, stating that a mini-budget may be imposed if necessary legislative cover is not provided. The proposals, cleared by the International Monetary Fund (IMF), include sweeping enforcement measures, taxation of e-commerce, and
Budgets
The recent India-Pakistan clashes have led to a substantial increase in Pakistan's defence allocation, with Finance Minister Muhammad Aurangzeb allocating Rs 2,550 billion for defence expenditure in Budget 2025-26, a 20.2% rise from last year's defence budget. This allocation accounts for 14.5% of
Budgets
The recent budget for fiscal year (FY) 2025-26 in Pakistan has significant implications for the country's economy and its relationships with neighboring countries. The budget, presented on Tuesday, has slashed development outlay by 50% while increasing the defence budget by 20%. The defence allocation is shown as 2.
Budgets
Pakistan Tehreek-e-Insaf (PTI) parliamentary committee labeled the current government as 'illegitimate', highlighting their rejection of the IMF-imposed budget for the fiscal year 2025-26. The PTI accused the National Assembly Speaker, Sardar Ayaz Sadiq, of partisanship, demanding that he act as a custodian of the House instead of representing
