FBR to Publicise Civil Servants’ Assets to Meet IMF Governance Condition
The Federal Board of Revenue has issued a draft to amend asset declaration rules for Grade 17-22 officers, making their assets publicly accessible to meet IMF transparency conditions and strengthen governance.
Aurangzeb, IMF’s Jihad Azour Discuss EFF Progress and Emphasize Macroeconomic Discipline
Finance Minister Muhammad Aurangzeb met with IMF’s Jihad Azour in Washington to review the progress of the Extended Fund Facility and reaffirm commitment to Pakistan’s reform agenda and macroeconomic discipline.
Pakistan Faces Prolonged Economic Stagnation as Growth Forecast Falls to 2.6%
Economists warn Pakistan faces a prolonged period of low growth as the World Bank projects only 2.6% growth for FY25-26, raising concerns over inflation, unemployment, and stalled investment.
Pakistan’s Stock Market Surges Over 800 Points on Eve of Federal Budget Announcement
The Pakistan Stock Exchange (PSX) saw a significant rally as the KSE-100 index climbed over 800 points. The surge is attributed to investor optimism surrounding the federal budget for fiscal year 2025-26, which is expected to outline key economic policies and potential benefits for various sectors.