Another trance of IMF loan: Would the poor able to pay the cost?
Video     Photos     Pakistan     World     Islam     Health     Crime     Islamic News     Business     Society     India     Travel     Middle East     Sport     sci/tech      Contact      RSS
Search

Iran denies accusations of aiding Taliban in Afghanistan

‘Ramadan of Aleppo more beautiful’ event revitalizes old city

Palestinians in Jerusalem reject Ramadan meals provided by UAE

Deadly heatwave: At least 65 dead from heatstroke in Karachi

The spineless Arab world

How did Imam Khamenei predict the failure of JCPOA?

Are religious parties going to reign in Pakistan in 2018 polls?

Shia Friday prayer leader asks PML-N to desist from anti-Army Narrative

Parting ways with Govt: Opportunist Fazal-Ur-Rehman jumps out of sinking PML-N ship

Dirty politics: Is Nawaz putting country's security in danger?

Iran rejects report about proposal for new agreement with major powers

UK royal wedding just another public deception: Academic

Turkish intelligence receives information about an attempt to assassinate Erdogan

The New ‘Axis of Evil’ Forms Up Against Iran

Is Nawaz Sharif campaigning for his downfall?

Trump’s sanctions on Iran threaten plans for Chabahar port

The Last gamble: What is Nawaz Sharif's long term game?

China Lands Nuclear Bombers on Disputed Islands in warning to US

Abbas Town bombing, Nishtar Park carnage cases to be tried by military courts

Quetta Operations: Pakistan COAS takes the fight of Hazaras

Netanyahu dines with Emiratis as Palestinians boycott their iftars

Russia unveils world’s first floating nuclear power station

EU Blocks US Sanctions Against Iran

EU too weak to challenge US hegemony: Prof. Entessar

Who are the People of Ali?

Pakistan raises issue of Israeli terrorism in Gaza at UN General Assembly

Afghan cricket stadium attack leaves 8 dead, 45 wounded

Sabika Sheikh profile: Pakistani student who got killed in Texas school shooting

Rohingya rape victims: A time of retrospection for Muslims

Nawaz Sharif's self centered approach: Is PML-S in the offing?

Avenfield Case: Is Adiala Jail ready to receive Nawaz Sharif?

China tries to brainwash Muslims in internment camps

Cuban airliner with 113 on board crashes after takeoff from Havana

At least 8 students killed as gunman opens fire at Texas school, US media reports

Gunman storms into Trump golf course ranting about president before exchanging fire with police

Cat is out of Bag: US comes out to Nawaz Sharif's rescue

Defence Attache Col Joseph Hall will face trial in the US, FO claims

Where is Mohammad bin Salman? Media speculates about possible death of Saudi Crown Prince

Who pushed Nawaz Sharif into this mess? An Inside story

Shrouding mystery: Why is international world interested in volume 10?

Conditions for talks: What is Zardari's new game plan against PML-N?

Nawaz Sharif's rhetoric: Is Nawaz deliberately pushing PML-N to the end?

'One Belt-One Road' may be Iran, China gateway to becoming soft-power giants

Why Arab Muslim states are silent on Gaza Massacre?

The Holy Month of Ramadan: The Month of Glory, Forbearance, Patience and Brotherhood

Selective Outrage on Gaza exposes Salafi Supremacists of the Muslim World

Fallout of Nawaz Sharif’s statement

Saudi crown prince goes into hiding since last month's attack on royal palace

'Monday massacre a day of shame for Muslims'

US, Israel flags burned at pro-Palestine rally in Pakistan

Saudi referee handed lifetime ban for match-fixing

A sigh of relief for Hazaras: LeJ Balochistan chief along two fellows killed.,

Pak-Afghan thaw: Can China bring neighbors close?

Ramazan moon sighted, holy month to begin from Tomorrow

Massacre of Palestinians: Is two state solution over forever?

Pakistan, Turkey to raise voice against Israeli atrocities at world forums

How will Europe act towards Palestine now?

Spilling the beans: Nawaz Sharif to unveil names behind 2014 Sit ins?

Nawaz Sharif on a suicide mission?

Mysterious departure: Why Pakistan allowed killer US diplomat to fly away?

US closely monitoring Iranian forces in Persian Gulf: Navy chief

North Korea threatens to cancel Trump meeting

Turkey asks Israeli envoy to leave country

Tribal elders, political leaders in Bajaur back security forces against PTM

South Africa withdraws its ambassador to Israel “with immediate effect”

Arabic press review: Tunisian union may block US ships to protest embassy move

Would opening of embassy in Jerusalem give new impetus to Al-Qaeda?

MH370 Captain Crashed Plane in Murder-suicide: Experts

The last selfie: How technology has become a menace for millennials

Refusal to retract remarks: Is Nawaz Sharif looking for Martial Law?

World's criminal silence: Another blood bath Gaza

Succumbed to US pressure: Killer US diplomat allowed to leave

28 Palestinians martyred in clashes ahead of US Jerusalem embassy opening

Nawaz's new Narrative: Is it an attempt to appease India?

Nawaz's comments in 'best interest' of Pakistan, says Maryam

Why didn't Pakistan complete Mumbai attacker's trial? Nawaz Sharif's another question

Afghanistan wants Iran to rid it of terrorism scourge

US war hawks threaten EU over Iran deal

The first bullet

Can Shahbaz Sharif defend his traitor brother?

Israeli protesters rally against US embassy move to Al Quds

Senator irked by US sanctions on Iran as it will affect Pakistan trade

Somalia: Woman with 11 husbands to be stoned to death by Al-Shabaab

40 tourists missing as bridge collapses in Neelum Valley

Trump links US exit from nuclear deal to Iran military budget

A proven Traitor: Nawaz Sharif says Pakistan was involved in Mumbai attacks?

Horrific ‘hairy’ creature washes up on Philippine beach

Syria will not hesitate to retaliate against Israeli attacks: Envoy

For Nawaz, it’s not over till it’s over

Abbotabad like operation: Pakistan foils US attempt to take killer diplomat out of Pakistan

ISIS threatened to kill Trump

Sudan officially announces its decision to withdraw from the Yemen war

3rd Indian teen raped, burned alive in one week

Welcome to Sinai, where soldiers shoot children then boast on Facebook

Turkey ‘concerned’ by UAE's military build-up on Yemen’s Socotra

Aliens in Politics: Would Shahbaz Sharif part ways with PML-N?

Muslim scholars to Taliban: Suicide attacks violate Islamic principles

Pakistan Court rules that US diplomat doesn't have absolute immunity

Blocking move on Khorsani: An open US proxy war against Pakistan

Mighty Mullah: Why Govt cannot arrest Khadim Hussain Rizvi?

2015-11-08 16:30:45

Another trance of IMF loan: Would the poor able to pay the cost?

imf

 

 

In order to secure the next $502 million loan tranche from the International Monetary Fund (IMF), Pakistan has agreed to slap roughly Rs40 billion in additional taxes to bridge the shortfall in its revenue targets.In return, the IMF agreed to give Pakistan two waivers after it failed to deliver on two key conditions — the quarterly target of restricting the budget deficit to Rs306 billion and reduction in Net Domestic Assets (NDA). With the fresh waivers, the lender has so far given Islamabad 14 waivers in the nine reviews of Pakistan’s economy, highlighting its lenient policy towards implementation of structural reforms. “The [IMF] mission and Pakistani authorities have reached a staff level agreement on the completion of the ninth review under the Extended Fund Facility (EFF) arrangement,” IMF’s Washington-based mission chief for Pakistan, Harald Finger, announced at a news conference alongside Finance Minister Ishaq Dar in Islamabad on Thursday. The IMF has identified four areas where the government needs to work – taxation, energy sector reform, privatisation of public-sector enterprises and improving the investment climate. There is some good news for consumers as the IMF revised its inflation forecast to 3.7 percent against the 4.7 percent estimate and kept its growth projection at 4.5 percent. Pakistan’s foreign exchange reverses remain at around $20 billion while other targets, including net international reserves and central bank borrowing, have been met. While these are important for the fiscal health of the state, the most critical target remains the net budget deficit where the government has missed its revenue targets by Rs40 billion once again. Finance Minister Dar has said that the net shortfall was lower, around Rs23 billion due to expenditure control, but the minister remained vague about where exactly this was done at a time when most government spending seems to be spiralling out of control. The deficit is despite the fact that revenue collection in October increased by 22 percent compared to last year. While Dar has promised no new tax measures citing the increased collections, the imposition of withholding tax on bank transactions is set to be extended for another 120 days. With the deadlines set for the privatisation of the Pakistan Steel Mills and Pakistan International Airlines nearing, Dar vaguely revealed that the government would look for strategic partners for the public-sector entities, which barely sounds like much of a privatisation plan. The IMF review has cleared the government’s performance once again – while maintaining some reservations. Anything else would have been an unexpected move; Pakistan remaining true to playing a yes man to most IMF dictates. A surprising call to get out of the IMF trap has come from Saleem Mandviwalla, a former finance minister and currently a Senate Committee chairman, but this is almost impossible given our situation.

pk.shafaqna.com

Categories:   Pakistan ، Business ،
Tags:   pakistan ، Ishaq Dar ، IMF ، NDA ، EF ،
From other agencies (RSS Reader)

Recipe: Mango Snow

- arynews.tv