Business News Archive - Page 61

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IMF clears $1.2bn for Pakistan under EFF and RSF reviews

IMF clears $1.2bn for Pakistan under EFF and RSF reviews

Following programme reviews, the IMF approved $1.2bn for Pakistan — $1bn under the EFF and $200m via the RSF — lifting cumulative disbursements to about $3.3bn. The Fund cited stabilisation gains as the premier hailed reform progress.

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IMF board to review $1.2bn disbursement for Pakistan today

IMF board to review $1.2bn disbursement for Pakistan today

The IMF Board is set to review Pakistan’s next $1.2bn disbursement under the EFF and RSF. The review follows an October staff deal and governance diagnostic. Approval would strengthen reserves and support reform momentum.

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FBR falls Rs143bn short of November tax target

FBR falls Rs143bn short of November tax target

Provisional data show a Rs143bn shortfall against the FBR’s November target, putting annual goals at risk. The IMF-aligned full-year plan may require contingency steps if receipts don’t accelerate.

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Pakistan vows to plug IMF-flagged governance gaps

Pakistan vows to plug IMF-flagged governance gaps

Pakistan’s finance minister pledged swift action on weaknesses identified by the IMF’s governance diagnostic. The report cites entrenched corruption, institutional fragility and judicial delays as drags on growth. Islamabad says it will pursue a 15-point reform agenda to restore credibility and investment.

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Pakistan-GCC free trade pact nearing completion, says Shehbaz

Pakistan-GCC free trade pact nearing completion, says Shehbaz

Shehbaz Sharif says a Pakistan-GCC FTA is nearly wrapped up and will unlock broader market access. He invited Bahraini investors to partner in AI, IT and agriculture, and lauded the Pakistani diaspora’s role. Follow-up talks set joint teams to map finance and trade cooperation.

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CCP: 90% of Pakistan’s gold trade is off the books

CCP: 90% of Pakistan’s gold trade is off the books

A CCP review finds nearly 90% of Pakistan’s gold trade occurs informally, driven by weak oversight and opaque pricing. It proposes a unified regulator, hallmarking mandates and digital traceability to curb illicit flows and protect consumers.

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Govt restores gold import/export, revives 2013 rules

Govt restores gold import/export, revives 2013 rules

Pakistan reversed a months-old suspension on gold trade, restoring the 2013 regime. The revised rules clarify customs procedures and enable digital passbooks. Officials say transparency and trade facilitation are the aims.

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Pakistan ranks 4th at Dubai airport with 3.2m passengers

Pakistan ranks 4th at Dubai airport with 3.2m passengers

DXB counted 3.2 million Pakistan-Dubai passengers in January–September, placing Pakistan fourth among source markets. The airport posted record quarterly traffic and reported fast processing times while expanding capacity.

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