Islamabad/Washington: The International Monetary Fund (IMF) has revised down its growth forecast for Pakistan to 2.6%, attributing the reduction to the imposition of high US tariffs, now at century-high levels. …
World Bank
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Pakistan Minerals to Address Trade Imbalance with US: Aurangzeb
by Umar Sohailby Umar SohailWashington/Islamabad – Pakistan’s Finance Minister, Muhammad Aurangzeb, has stated that the country’s abundant mineral resources could play a crucial role in addressing the existing trade imbalance with the United States. …
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Pakistan Secures $12.5 Billion in Foreign Loans Amid Funding Challenges
by Umar Sohailby Umar SohailIslamabad: In the first nine months of the 2024-25 fiscal year, Pakistan has managed to secure $12.5 billion in foreign loans, falling short of the annual $19.2 billion target set …
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Minister meeting IMF, World Bank Heads – Focus on Growth, Reforms
by Umar Sohailby Umar SohailIslamabad: Finance Minister Muhammad Aurangzeb held important meetings with the heads of the IMF and World Bank in Washington, marking the start of a series of high-level discussions as part …
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Pakistan to Request Financial, Climate Support at IMF–WB Spring Meetings
by Umar Sohailby Umar SohailWASHINGTON: Amid mounting fiscal and climate challenges, Pakistan is poised to appeal for international financial assistance and enhanced access to climate-related funding during the 2025 Spring Meetings of the World …
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Minister to Discuss Debt Rescheduling with China at Spring Meetings
by Umar Sohailby Umar SohailIslamabad: Pakistan’s Finance Minister, Muhammad Aurangzeb, is set to engage in crucial talks in Washington next week, where he will address the rescheduling of $3.4 billion in Chinese debt, as well …
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Finance Minister Departs for US to Attend WB IMF Spring Meetings
by Umar Sohailby Umar SohailISLAMABAD: Federal Finance Minister Senator Muhammad Aurangzeb has left for the United States to attend the World Bank Group/IMF Spring Meetings, which are set to begin on Monday, April 21, …
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Highly Unfair, Absurd: World Bank Calls Pakistan Tax System
by Umar Sohailby Umar SohailIslamabad: The World Bank has heavily criticized Pakistan’s tax system, labeling it as “highly unfair and absurd.” In a recent discussion, the World Bank highlighted several key flaws in the …
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Aurangzeb Set to Visit US for IMF, World Bank Meetings
by Umar Sohailby Umar SohailISLAMABAD: Finance Minister Muhammad Aurangzeb is scheduled to travel to the United States next week to participate in the Spring Meetings of the International Monetary Fund (IMF) and the World …
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IFC To Expand Its Role and Investment in Pakistan
by Umar Sohailby Umar SohailIslamabad: During the discussion, Ms. Linda Rudo Munyengeterwa of IFC reaffirmed strong commitment to Pakistan and expressed keen interest in supporting the country’s ongoing efforts in economic reform, investment facilitation, …