Posted 9/5/2023, 9:12:48 AM

IMF rejects Pakistan's tariff adjustment plan amid inflation woes

The IMF has rejected Pakistan's proposal for tariff adjustment or additional subsidy, making it more challenging for the country to manage its economic challenges amidst rising inflation.

hindustantimes.com

Relevant topic timeline:

8/23/2023

Continuous fall in rupee value: Pakistan’s only option is to request IMF to review condition

Pakistani authorities have requested the IMF to review the condition of keeping the difference between interbank and open market dollar rates below 1.25% due to the continuous fall in the exchange rate.

8/27/2023

Breaking Pakistan’s dirty IMF habit

Pakistan's recent financial aid and investment partnerships, including with the IMF, Saudi Arabia, UAE, and China, provide temporary relief from economic challenges, but the country must address issues such as low growth, high inflation, unemployment, and limited foreign exchange reserves through deregulation, investment in education and technology, tax reform, privatization, and political stability to achieve lasting prosperity.

8/30/2023

Govt seeks IMF nod for relief in electricity bills as protests continue unabated

The Pakistani government is seeking approval from the International Monetary Fund (IMF) before announcing any immediate relief for consumers protesting against inflated electricity bills, with relief likely to be provided to those using up to 400 units per month for August and September.

8/30/2023

Pakistan's economic situation 'worse than anticipated', no 'fiscal space' for subsidies: Interim finance minister - Times of India

Pakistan's interim finance minister, Shamsad Akhtar, has stated that the country's economic situation is worse than expected, and ruled out subsidies for the people due to non-negotiable commitments with the IMF and strict conditions of the $3 billion loan received in June.

9/3/2023

Inflated electricity bills: PM's 48-hour deadline to announce relief expires as IMF nod awaited

The International Monetary Fund (IMF) has not granted assent to Pakistan's request for deferment of electricity bills, leading to a failure to provide relief to power consumers within the stipulated 48-hour deadline given by the caretaker Prime Minister.

9/8/2023

Pakistan's Interim Government Focuses on Reviving Economy and Fulfilling IMF Agreements

Pakistan's interim government is prioritizing economic revival and fulfilling international obligations, including agreements with the International Monetary Fund (IMF), to address the stagnant economy and financial issues. They aim to improve the overall business and investment environment, increase inflow of dollars from multilateral institutions, and reduce expenditures while upholding international agreements.

9/15/2023

Argentina Faces Uncertain Future with IMF Amid Calls for Stricter Reforms

Argentina and the International Monetary Fund (IMF) face challenges as the country enters a recession, misses economic targets, and struggles with inflation, prompting calls for stricter conditions and deeper structural reforms from the IMF.

Posted 9/5/2023, 9:12:48 AM

IMF rejects Pakistan's tariff adjustment plan amid inflation woes

The IMF has rejected Pakistan's proposal for tariff adjustment or additional subsidy, making it more challenging for the country to manage its economic challenges amidst rising inflation.

hindustantimes.com

Relevant topic timeline:

8/23/2023

Continuous fall in rupee value: Pakistan’s only option is to request IMF to review condition

8/27/2023

Breaking Pakistan’s dirty IMF habit

8/30/2023

Govt seeks IMF nod for relief in electricity bills as protests continue unabated

8/30/2023

Pakistan's economic situation 'worse than anticipated', no 'fiscal space' for subsidies: Interim finance minister - Times of India

9/3/2023

Inflated electricity bills: PM's 48-hour deadline to announce relief expires as IMF nod awaited

9/8/2023

Pakistan's Interim Government Focuses on Reviving Economy and Fulfilling IMF Agreements

9/15/2023

Argentina Faces Uncertain Future with IMF Amid Calls for Stricter Reforms