Articles for tag: approves, Bank, International Monetary Fund, Latest, low tax collection, million, Package, The World Bank, world

December 21, 2023

Islamabad: The World Bank greenlights a $350 million package to finance Pakistan’s budget, underscoring the need for fiscal and structural reforms. The move comes amid concerns raised by World Bank board members about Pakistan’s low tax collection relative to the size of its economy. The World Bank’s Board of Directors unanimously approved $350 million in funding to operate the Second Resilient Institution for a Sustainable Economy (RISE-II), according to a press statement issued on Wednesday. The approval of the $350 million comes after a two-year delay attributed to weak economic figures, the absence of an International Monetary Fund (IMF) umbrella

November 3, 2023

News Desk

Business

As tariffs rise, traders seek Rs 400bn relief package

KARACHI, PAKISTAN: While rejecting the recent hike in gas tariffs, industrialists and traders have appealed to the caretaker government to provide a bailout package of Rs 200-400 billion to small and medium enterprises (MSMEs) for their survival and to cope with the new tariff. “The government didn’t think about the media at all. they are frustrated by the exorbitant electricity bill and rising gas rates. The gas price notification is ready and can be signed today or tomorrow,” said Federal Industrial Association of Commerce and Industry (FBATI) president Syed Raza Hussain. “It is a big issue of survival for SMEs.

November 3, 2021

The Pakistan Daily

PM Khan announces ‘historic’ relief package to mitigate inflation

ISLAMABAD: Prime Minister Imran Khan has announced a historic relief package of 120 billion rupees to provide essential commodities to twenty million families at subsidized rates. Addressing the nation today (Wednesday), he said this amount will be shared both by federal and provincial governments. He said under the package, three essential commodities including ghee, flour and pulses will be provided to the families at thirty per cent discount rates. The Prime Minister said multiple programs worth 260 billion rupees are continuing under the umbrella of the Ehsaas programme which are benefitting 20 million families. He said massive funding of fourteen

The World Bank approves a $350 million package

As tariffs rise, traders seek Rs 400bn relief package

PM Khan announces ‘historic’ relief package to mitigate inflation

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