Public finance
As the federal budget for the new fiscal year 2025-26 is being finalised in consultation with the International Monetary Fund (IMF), uncertainty and delays in its presentation have been reported. Finance Secretary Imdadullah Bosal stated that the budget will be presented on June 10, but the date of the National
Public finance
Pakistan's auto industry is poised for a significant transformation as the government prepares to unveil major tariff reforms as part of its agreement with the International Monetary Fund (IMF). The proposed changes, which include reducing import duties on used cars and increasing the age limit for imported vehicles,
Economic growth
The International Monetary Fund (IMF) has downgraded its forecast for UK economic growth next year, citing global trade tensions as a major contributor to the reduced projections. Despite this, the IMF has upgraded its forecast for this year's growth, citing strong performance in recent months. The UK economy
Public finance
The International Monetary Fund (IMF) has sent a stern message to Pakistan, requesting the government to take stringent action against tax evaders and increase revenue through better tax enforcement and policy reforms. The IMF believes that by implementing these reforms, the country can reduce loopholes, recover unpaid taxes, and balance
Public finance
Rachel Reeves' attempts to maintain a strict fiscal agenda are being put to the test as rising borrowing costs erode her headroom for further spending and tax hikes. The chancellor's promise to avoid breaking her "ironclad" fiscal rules is facing growing skepticism as problems pile
Economic growth
In a semi-annual review, international rating agency S&P Global Ratings has maintained Liechtenstein's top rating of AAA with a stable outlook, citing the country's high flexibility and resilience in the face of global economic uncertainty. The decision was made in May 2025, with S&
Economic growth
The International Monetary Fund (IMF) has revised its growth forecast for the UK upwards for this year, citing a period of robust economic activity and an "economic recovery." The global financial body has stated that the UK's GDP is expected to rise by 1.2 per
Economic growth
The International Monetary Fund (IMF) has upgraded its forecast for UK economic growth this year, despite warning of potential disruption from US tariffs. The global body expects UK GDP growth to reach 1.2% in 2025, up from its previous forecast of 1.1%. However, trade tensions with the US
Economic growth
A significant high-level event focusing on Zimbabwe's arrears clearance and debt resolution process is set to unfold in Abidjan, Cote d'Ivoire, during the African Development Bank (AfDB) Annual Meetings, alongside the Structured Dialogue process aimed at resolving the country's US$21 billion debt burden.
Public finance
Finance Minister Muhammad Aurangzeb has announced that the upcoming federal budget, scheduled for June 10, will include tax concessions aimed at easing the financial burden on salaried individuals. Speaking at an event in Islamabad, the finance minister highlighted the government's efforts to reduce the tax burden on salaried
Public finance
The International Monetary Fund (IMF) has formally dismissed claims that Pakistan would use its loan funds to finance cross-border violence, emphasizing the strict focus on economic stability. IMF Director of Communications Julie Kozack assured the public at a press briefing that loan disbursements are directly deposited into the State Bank
Public finance
The International Monetary Fund (IMF) held high-level meetings with the Pakistani government on the national budget for the financial year 2025-26. However, after several days of talks, no final agreement was reached. The IMF team, led by mission chief Nathan Porter, discussed budget plans and broader economic goals supported by
