10.8 C
Islamabad
Tuesday, January 28, 2020
Although there has been a lot of improvement in the merchandise account of the country during the first five months of FY20, this positive development has been highly lop-sided in the sense that it has been basically due to the compression of imports while expansion in exports is only...
Prime Minister Imran Khan repeated his narrative yet again while addressing an 87-member delegation from Balochistan participating in a national security workshop: the country has achieved economic stability after a staff level agreement was reached with the International Monetary Fund (IMF) on 12 May 2019 with prior conditions met...
It seems no legal loophole goes unexploited. There is a report in an English daily about the misuse of the facility of duty-free import of luxury vehicles by some foreign diplomats, international non-government organisations, and armed forces personnel of a few countries. Under the rules, foreign dignitaries – both...
THE incoming year will be a decisive one for the economy. The stabilisation that saw a tortured start in 2019 is set to continue, but optimists in the market are anticipating an end to the chokehold of high interest rates and the aggressive taxation drive sometime in the early...
Prime Minister Imran Khan, in his address after the ground-breaking ceremony of Jalalpur canal, an activity he denigrated as ‘cutting of a ribbon’ when he was in opposition, once again highlighted his two pet themes: the corrupt would be held accountable and the year 2020 would herald prosperity and...
The International Monetary Fund (IMF) has made two revisions in the ongoing 6 billion dollar Extended Fund Facility programme, according to the Mission Chief Ernesto Ramirez Riga: (i) inflation is slightly lower than the projected 13 percent because ‘some of the pass through from the exchange rate adjustments has...
It is clear that it is not going to be easy for Pakistan to get out of the FATF’s scrutiny. After submitting its compliance report to the taskforce, Pakistan has received a list of 150 questions to which it needs to respond in detail. The IMF has joined in...
THE Benazir Income Support Programme (BISP) that began in 2008 with the aim to provide cash support to the poorest of the poor households across Pakistan has entered another round of controversy as its newest leadership has taken action to remove more than 820,000 people from the rolls of...
Hammad Azhar, Minister for State for Economic Affairs, tweeted the latest statistics, showing a current account deficit reduction of 73 percent (since a staff-level agreement was reached with the International Monetary Fund on 12 May 2019), fiscal deficit reduction of 847 million dollars in November 2019 compared to November...
The latest IMF report-card is out. The fund maintained a bearish view on GDP growth at 2.4 percent against local authorities’ projection of 3-3.5 percent. The Fund’s wording is implying no rate-cut in MPS, at least until May 2020. The Fund view is implying that exchange rate is at...

Opinion

month revenue payment targets

Missed Targets

The tax collection numbers from the last six months are in, and they make for a dismal reading. The government has missed all of...