International
Pakistan is facing tighter scrutiny under its ongoing bailout programme with the International Monetary Fund, with the lender imposing a fresh set of conditions linked to governance and corruption reforms. The additional requirements are part of the IMF’s extended financing arrangement aimed at stabilising Pakistan’s fragile economy and ensuring continued financial
International
The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement to unlock $1.2 billion in funding. The package includes $1 billion under the Extended Fund Facility (EFF) and $200 million under the Resilience and Sustainability Facility (RSF). Final disbursement depends on approval by the IMF Executive Board. Economic Signals and Commitments The IMF
Finance
Former Executive Director of the International Monetary Fund (IMF), Subhash Chandra Garg, has called for a reduction in personal income tax rates in India, emphasizing that the current tax burden on individuals is excessively high. He suggests that the government should prioritize tax relief for individuals over corporations, noting that while corporate tax rates have […]