Finance minister quells ‘noise’ casting doubts on IMF deal approval
Finance Minister Muhammad Aurangzeb speaks during an interview with Reuters at his office in Islamabad. —Reuters/File ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, on Friday voiced hope that “the International Monetary Fund (IMF) will approve the staff-level agreement next month,” quelling the naysayers’ doubts. Pakistan and the IMF reached an agreement on […]
Pakistan ‘making good progress’ for IMF $7bn loan deal approval in September: FinMin
Finance Minister Muhammad Aurangzeb presents Federal Budget 2024-2025 before the National Assembly. — INP/File Finance Minister Muhammad Aurangzeb has said that the government hopes to get approval for a new $7 billion loan programme from the International Monetary Fund’s (IMF) board in September, saying that its engagement with the Fund is progressing well. “We are […]
FinMin optimistic of securing $7bn IMF loan deal this month
Finance Minister Muhammad Aurangzeb speaks during an interview. — APP/File Minister for Finance and Revenue Senator Muhammad Aurangzeb has exhibited confidence in the International Monetary Fund’s (IMF) Board of Directors that it will approve the staff-level agreement with Pakistan by the end of August. Addressing the “Climate Action for Pakistan” event organised by Acumen Pakistan […]
PSX hits fresh peak on IMF deal | The Express Tribune
Pakistan Stock Exchange (PSX) skyrocketed to an all-time high on Monday in a robust rally driven primarily by Pakistan’s agreement with the International Monetary Fund (IMF) on a $7 billion Extended Fund Facility (EFF) at the weekend as well as the ongoing earnings season. The day commenced with a spike in the KSE-100 index, which […]
IMF deal boosts PSX to historic peak
Stock brokers watch share prices during a trading session at the Pakistan Stock Exchange (PSX) in the Provincial Capital on February 13, 2024. — Online KARACHI: Bulls took charge of the Pakistan Stock Exchange (PSX) on Monday after the market gained new heights by gaining more than 1,000 points due to the new $7 billion […]
$7 billion IMF deal laced with harsh strings | The Express Tribune
ISLAMABAD: Pakistan and the International Monetary Fund have reached a staff level agreement for a $7 billion Extended Fund Facility programme -in a deal that in short-term inflicts heavy burden on the nation but also ends decades-old protections to agriculturists and exporters. The global lender announced the over three-year 24th programme deal only after Pakistan […]
IMF deal boosts capital markets | The Express Tribune
KARACHI: Pakistan’s capital markets are poised to celebrate an unexpected early win with the staff-level agreement on a $7 billion extended fund facility (EFF) with the International Monetary Fund (IMF). This 37-month agreement is expected to propel the stock market beyond the recent record high of over 81,000 points on Monday, while the rupee is […]
Pakistan to achieve macroeconomic stability with IMF deal: Aurangzeb
Finance Minister Muhammad Aurangzeb speaks during an interview with AFP at the Embassy of Pakistan in Washington, DC on April 15. — AFP ISLAMABAD: Finance Minister Muhammad Aurangzeb on Saturday said that Pakistan will achieve macroeconomic stability with the help of a newly signed agreement with the International Monetary Fund (IMF). The minister’s remarks come […]
Pakistan secures $7 billion EFF deal | The Express Tribune
ISLAMABAD: Pakistan and the International Monetary Fund have reached a staff level agreement for a $7 billion Extended Fund Facility programme -in a deal that in short-term inflicts heavy burden on the nation but also ends decades-old protections to agriculturists and exporters. The global lender announced the three-year 24th programme deal only after Pakistan agreed […]
Pakistan, IMF reach SLA on new $7bn loan deal
The International Monetary Fund’s (IMF) logo. — AFP/File WASHINGTON: In a major development, Pakistan and the International Monetary Fund (IMF) reached a three-year, $7 billion aid package deal, giving much-needed respite to the cash-strapped country, the Washington-based institution said on Friday. The new program, which needs to be validated by the fund’s Executive Board, should […]