Thursday, November 14, 2019

Pakistan: Expected features of the IMF program

Featured

Trump said: Sondland is great American now President’s famous ‘U-turn’

President Donald Trump has a history of distancing himself from associates who have found themselves in legal trouble or...

Babri mosque: Indian Supreme Court ruled in favor of Hindus in a dispute over a religious position with Muslims

India's Supreme Court on Saturday ruled in favor of a Hindu group in a long-running legal battle over a...

France Visa: New point-based skilled immigrant program to be enforced by summer 2020

France will introduce new point-based skilled immigrant program (France Visa), will come to force by summer 2020. French government...
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

With the final round of talks underway between the incumbent government and the International Monetary Fund (IMF) team, consensus is being developed for a three-year economic and financial program.

With the Fund team scheduled to head off to its Washington-based headquarters on Friday (May 10, 2019), analysts cannot rule out an announcement as soon as today (Friday).

Analysts believe a USD 6-7bn bailout package may materialize, with key focus on upwards revision in energy (electricity and gas) tariffs together with withdrawal of subsidies and tax concessions to improve the fiscal deficit position as well as quarterly targets to shore up the NIR (Net International Reserves) so as to address the balance of payments crisis and support the foreign exchange reserves.

Prior to this, the government took various actions to close a deal with the IMF including allowing the Pakistani Rupee to depreciate by ~14% in FYTD against the USD in a bid to adjust the currency towards a REER of 100 and approve partial increase in gas and electricity tariffs.

Analysts have summarized key features of the IMF program and compared it to benchmarks under the last program along with its impact on the economy and sectors.

 

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Latest News

Nearly five million unauthorized migrants lives in Europe

In Europe, between 3.9 and 4.8 million migrants without a valid residence permit lived in 2017. This estimate comes...

Germany announces an increase in the value of arms exports to 7.42 billion euros

The German government said in a statement that it issued arms exports permits worth 7.42 billion euros during the first 10 months of this...

Death toll in Kabul blast rises to 12 dead, 20 wounded

Kabul blast: The Afghan authorities announced the death toll of the car bomb explosion in the capital Kabul to 12 people, including children, as...

Venice fills with water after heavy rains and flood

Venice: Destruction and devastation caused by heavy rains on many streets and squares of Italy, which turned into floods and severe flooding destroyed dozens...

Napkin stuck in President Trump’s shoes after coming off his car .. Photos

Reuters news agency published pictures of US President Donald Trump as he got out of his car, and was noticed after the descent of...
- Advertisement -

Related News