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SHAUKAT TARIN
Cash-strapped Pakistan says China agreed to rollover $4.2 billion debtPakistan had made repeated requests to Beijing to rollover the debt and the latest request was made last week to the top Chinese leadership...- IMF asked Pakistan to show how it would fund $1.5 bln subsidy packageThe International Money Fund (IMF) had said it needed Pakistan to explain how it would fund a $1.5 billion subsidy package announced by Pri...
- Pakistan government eyes people's gold to increase foreign exchange reservesThe proposal has been discussed in the Economic Executive Council (EEC) – the body comprising all economic ministers and the State Bank of ...
- Pakistan has to return $3 billion to Saudi Arabia within one year: Finance MinisterThe oil-rich Kingdom earlier provided $3 billion in cash deposits and extended a $3 billion oil facility in 2018, but Pakistan had to retur...
- Pakistan to pay $11.6 mn compensation to 36 Chinese victims of hydropower project terror attackThe decision on the quantum of compensation to be paid was taken on Friday by the Economic Coordination Committee (ECC) of the Cabinet, rem...
- Pakistan to ensure legislation for central bank autonomy: Finance adviserEarlier, IMF said it has reached an agreement with Pakistan that will help revive a stalled $6 billion funding programme for the South Asia...
- IMF to revive $6 billion Pakistan funding programme"The Pakistani authorities and IMF staff have reached a staff-level agreement on policies and reforms needed to complete the sixth review,"...
- Saudi Arabia agrees to revive financial support to PakistanThe Saudi government would immediately deposit $3bn in Pakistan's account for a year and keep it rolling at least until the completion of t...
- Pakistan PM's adviser leaves without concluding IMF talksHe was scheduled to fly to London from there, but returned to Washington on Tuesday as an IMF official said at a news briefing that the tal...
- Talks between Pakistan, IMF for release of $1 billion loan tranche remains inconclusiveThe talks held from October 4 to 15 failed to reach a staff level agreement because of differences over the macroeconomic framework and unc...
- Release of Pandora Papers ruffles Pakistani politics; Imran Khan vows probeAmong those whose holdings have been exposed are Khan's finance minister, Shaukat Fayaz Ahmed Tarin, and his family, and the son of Khan's ...
- Pakistan set to resume talks with IMF next week to revive USD 6 billion loan packagePakistan and the IMF had signed the USD 6 billion deal in July 2019 but the programme was derailed in January 2020 and restored briefly in ...
- View: Pakistan should stop looking to leverage the TalibanPlaying such games has not served Pakistan well. The last time Afghanistan fell to the Taliban, Pakistan had to deal with a flood of refuge...
- Pakistan hikes petrol prices by Rs 2.13 per litre, now costs Rs 110.69The Finance Ministry approved a Rs 2.13/litre hike in petrol and an increase of Rs 1.79/litre in the price of High-Speed Diesel (HSD), repo...
- Pakistan told IMF it cannot increase tariffs or taxes: Finance Minister Shaukat Tarin"At this time, we don't have the capacity to increase tariffs or [adopt] incremental taxes, our common man is completely fed up with this i...
- Pakistan seeks easing of 'tough conditions' on $6 billion IMF loan: Shaukat Tarin"The targets they have given us, that is tough... We have talked to them and they are very sympathetic," Tarin said, referring to a loan ag...
- US deducts $55 mn from terror aid to PakistanThe US deducted $55 million under its reimbursement programme for expenses incurred by Pakistan on the war on terror after American auditor...
- US cuts Pakistan's aid for fighting terrorismThe US has deducted $55 million out of the $156 million bill set by Pakistan for rendering its military services to fight against Taliban a...
- Pakistan to slash defence budget by 30% for IMF helpPakistan will have to slash its defence budget by 30% over next four years if it agrees to the IMF's conditions for a bailout package.
- Pakistan on the verge of default, may approach IMF for bailoutPakistan, perceived as the world's riskiest borrower, may seek the help of the IMF to avoid default on its debt obligations.
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