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Nathen Porter acknowledged the government’s persistent efforts to fulfill the three-month targets of the program, recognizing Pakistan’s endeavors in meeting these objectives. He commended the positive outcomes achieved at the technical level as a result of the collaborative efforts between both teams. Porter highlighted that extensive discussions had taken place on various aspects of the SBA, providing comprehensive oversight.

The IMF Managing Director, Kristalina Georgieva, emphasized the importance of tax collection in Pakistan, labeling it as the most critical issue. She urged the Pakistani government to increase its tax revenue, suggesting that a minimum of 15% of the Gross Domestic Product (GDP) should be collected to sustain economic activities.

Solangi’s gold holdings are valued at Rs. 70,000, and he owns a car valued at Rs. 1.2 million. His cash holdings include Rs. 189,300, and his wife holds Rs. 269,300 in cash. Furthermore, Solangi has Rs. 319,000 in bank accounts and furniture valued at Rs. 1 million.

During the briefing, Finance Minister Shaukat Tarin informed that negotiations with the International Monetary Fund have reached the staff level, and it is expected that the IMF’s Executive Board will soon grant approval.

In a significant milestone, the Pakistan Stock Exchange (PSX) surpassed the 57,000 mark during early intraday trading on Thursday, buoyed by the positive impact of […]