


Pakistan Hikes Fuel Prices in Effort to Secure IMF Funding
Pakistan hiked fuel prices by 29% in an effort to control the fiscal deficit and reduce fuel subsidies to be able to secure an IMF package. Since May, the government has increased fuel prices three times including the latest one where petrol prices rose by PKR...
Pakistan’s Finance Minister Warns of Possible Default
Pakistan’s finance minister Miftah Ismail sounded a warning of a possible default if its fuel subsidies do not get abolished. He said that the government was giving a subsidy of PKR 19 ($0.09) on petrol and PKR 53 ($0.26) on diesel whilst referring to Sri Lanka...
Pakistan Unveils New Budget But IMF Still has Concerns over Numbers
Pakistan’s new coalition government unveiled a new budget where it will increase taxes for the rich, reduce tax leakages and monetize government assets. From July 1, the government will impose a 2% additional tax on individuals having income more than PKR 30mn...