Karachi, March 24, 2020: At its last meeting on 17th March 2020, the Monetary Policy Committee (MPC) noted considerable uncertainty about how the Coronavirus outbreak would impact the global economy and Pakistan. In the statement issued following that meeting, the MPC “emphasized that it stood ready to take further actions if and when needed as…
Karachi, March 04, 2020: State Bank of Pakistan (SBP) Governor Dr Reza Baqir Tuesday said that the International Monetary Fund (IMF) is government’s partner in reforming the country’s current economic system. In a briefing to the Public Accounts Committee (PAC) under the chairmanship of Rana Tanvir Hussain, the governor further said the relationship with IMF…
Karachi, February 25, 2020: A high-level delegation of Tehran Chamber of Commerce & Industry (TCCI) headed by Chairman Masoud Khansari along with Consul General of Iran Ahmed Mohammadi called on Korangi Association of Trade & Industry (KATI) here on Tuesday. President KATI Sheikh Umer Rehan, Senator Abdul Haseeb Khan, Chairman & CEO KITE Zubair Chhaya,…
Karachi, February 14, 2020: Pakistan has made considerable progress in the last few months in advancing reforms and continuing with sound economic policies. According to a Statement issued by IMF at the Conclusion of the IMF Mission to Pakistan, all end-December performance criteria were met, and structural benchmarks have been completed. Steadfast progress on program…
Karachi, February 14, 2020: The government has reported a fiscal deficit of 2.3 percent of GDP in first half of this fiscal year (1HFY20) compared to a fiscal deficit of 2.7 percent of GDP in same period of last fiscal year (1HFY19). Importantly though, the primary balance during the period clocked in at 0.7 percent…