The State Bank of Pakistan (SBP) has fulfilled a condition set by the International Monetary Fund (IMF) to reach a staff-level agreement by removing all cash margin requirements on imports. The SBP has withdrawn the existing Cash Margin Requirement (CMR) on imports from March 31, 2023, as per a circular dated March 24. The move […]
IMF Managing Director Kristalina Georgieva has cautioned that there are increased risks to financial stability and the need for constant vigilance following recent turmoil in the banking sector in advanced economies. Speaking at a conference in Beijing, Georgieva stated that uncertainties in the world economy remain “exceptionally high” with global economic growth expected to dip […]
With a few exceptions, Pakistan’s rulers, lawmakers, and policymakers have all struggled to manage the country’s balance of payments since its formation, and as a result, Pakistan was forced to turn to international lenders for financial assistance. Since the initial loan application, which was made in 1958, only a few years after the country’s 1950 […]