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Pakistan secures $7 billion EFF deal | The Express Tribune
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[ad_1] 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…
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Pakistan, IMF reach SLA on new $7bn loan deal
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[ad_1] 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,…
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Finance czar hopeful of reaching deal with IMF this month
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[ad_1] Pakistani Finance Minister Muhammad Aurangzaib poses after taking oath in Islamabad, Pakistan March 11, 2024. — Reuters ISLAMABAD: Finance Minister Muhammad Aurangzeb on Thursday said Pakistan would reach a reach a staff-level-agreement with the International Monetary Fund (IMF) this month as the talks between Islamabad and the global lender on the new bailout programme…
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New IMF deal on cards as Pakistan ‘fulfils all requirements’
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[ad_1] This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. — AFP KARACHI: The Pakistan Muslim League-Nawaz (PML-N)-led coalition government hopes to secure an International Monetary Fund (IMF) bailout of more than $6 billion “in the next three to four weeks,” after fulfilling the…
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‘Very optimistic’ Aurangzeb eyes IMF deal after tax-heavy budget approved
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[ad_1] Finance Minister Muhammad Aurangzeb addressing the press conference in Islamabad, on June 30, 2024. — Screengrab/GeoNews Finance Minister Muhammad Aurangzeb Sunday expressed optimism about Pakistan’s chances of securing a new IMF bailout, following President Asif Ali Zardari’s approval of the tax-intensive budget for the upcoming fiscal year starting July 1. The finance minister, during…
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NA passes tax-heavy budget as Pakistan looks to secure new IMF deal
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[ad_1] Finance Minister Muhammad Aurangzeb addressing on the floor of the National Assembly, on June 28, 2023. — Facebook/@NationalAssemblyOfPakistan ISLAMABAD: The National Assembly on Friday passed the tax-heavy Finance Bill 2024 as the government seeks to secure the new International Monetary Fund (IMF) bailout package by fulfilling its requirements. The budget, for the fiscal year…
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Sri Lanka signs partial debt deal for recovery after financial crash
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[ad_1] Demonstrators move away from tear gas used by the police near Sri Lankan President Gotabaya Rajapaksa’s residence during a protest against him as many parts of the crisis-hit country faced up to 13 hours without electricity due to a shortage of foreign currency to import fuel, in Colombo, Sri Lanka March 31, 2022. —…
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PSX touches 80,000 mark on IMF deal hopes
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[ad_1] A trader is busy on call as resumes business at the Pakistan Stock Exchange (PSX) building in Karachi. — PPI/Files KARACHI: Stocks hit yet another millstone on Friday amid optimism surrounding Pakistan’s prospects of securing a longer International Monetary Fund (IMF) programme. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 shares index touched the 80,000 mark…
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Qatar PM sells Mayfair mansion in London’s most expensive real estate deal
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[ad_1] Qatari sheikh sells London mansion to fellow royal for $49 million. — National/File Qatar Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani sold his Mayfair mansion to another fellow royal member for a whopping $49 million in London’s most expensive real estate deal for the year 2023, Bloomberg reported. The property situated between Hyde…
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Pakistan ‘looking forward’ to continued Chinese support ahead of new IMF deal
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[ad_1] Finance Minister Muhammad Aurangzeb with his Chinese counterpart Lan Fo’an during their meeting in Washington on April 19, 2024. — X/@Financegovpk WASHINGTON: Finance Minister Muhammad Aurangzeb has asked for “continued support” from China, as Pakistan formally applies for a new programme with the International Monetary Fund (IMF), a statement by the finance ministry stated on…
