IMF board to review Pakistan loan programme on Sept 25
This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. — AFP The International Monetary Fund (IMF) has finally included Pakistan on its Executive Board agenda scheduled for September 25, with Prime Minister Shehbaz Sharif lauding friendly nations’ all-out support to help Islamabad in securing […]
IMF board to review Pakistan’s $7b loan on September 25 after key conditions met | The Express Tribune
ISLAMABAD: The International Monetary Fund (IMF) has confirmed that its Executive Board will meet on September 25 to discuss the approval of Pakistan’s $7 billion Extended Fund Facility (EFF). The loan is crucial for stabilising Pakistan’s economy, which has been grappling with rising inflation and dwindling reserves. IMF spokesperson Julie Kozack announced the meeting during […]
IMF pressure halts new EPZ plan | The Express Tribune
ISLAMABAD: The government on Wednesday withdrew a proposal to establish a new Export Processing Zone (EPZ) in Balochistan, complying with a condition set by the International Monetary Fund (IMF), highlighting the global lender’s growing influence over the country’s economic decision-making. The Ministry of Industry and Production had initially pushed for the creation of the EPZ […]
IMF names new country head | The Express Tribune
ISLAMABAD: The International Monetary Fund has appointed Mahir Binici as the new country head for Pakistan, while the government intensifies efforts to secure the $7 billion loan approval by the last week of September. All this is taking place amid growing suspicions about the motives of the global lender. The IMF’s action to set wrong […]
IMF yet to include Pakistan’s $7b EFF on Executive Board agenda | The Express Tribune
The International Monetary Fund (IMF) has not yet added Pakistan’s new 37-month Extended Fund Facility (EFF) to the agenda for its Executive Board meetings scheduled through September 18, according to the Fund’s official website. The upcoming meetings, set for September 9, 13, and 18, do not include the $7 billion EFF agreement reached with Pakistan, […]
IMF links bailout package to $12b debt rollover | The Express Tribune
ISLAMABAD: The International Monetary Fund (IMF) has demanded of the Pakistan government to get $12 billion loan rolled over by next week to secure the bailout package. Besides, the fund has also asked the country to meet the revenue shortfall in the month of September. According to finance ministry sources, the ministry held a virtual […]
Not on IMF agenda, but Pakistan hopes to secure bailout | The Express Tribune
ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Tuesday that the government was at the “advanced stages” of getting assurances about external financing but he again did not give a firm timeframe to conclude the pending $7 billion deal with the International Monetary Fund (IMF). The statement came the day the IMF released its executive board […]
Pakistan ‘striving’ to meet IMF terms amid resistance to tax reforms
Finance Minister Muhammad Aurangzeb calls on Prime Minister Muhammad Shehbaz Sharif in Islamabad. — Online/File Hoping that Pakistan will no longer have to rely on the lender of last resort for external funding in the future, Prime Minister Shehbaz Sharif has said that the government is actively taking measures to meet the International Monetary Fund’s […]
IMF pours cold water on Punjab’s cheap power plan | The Express Tribune
ISLAMABAD: The International Monetary Fund (IMF) has slapped Pakistan with a slew of new conditions regarding energy subsidies and provincial budgets after Punjab took a “fiscally reckless” decision to give Rs45 to Rs90 billion electricity subsidies for two months. Government sources told The Express Tribune on Monday that the global lender imposed at least three […]
PSX remains subdued amid IMF loan delay | The Express Tribune
KARACHI: Pakistan Stock Exchange (PSX) experienced a lacklustre week, marked by limited activity and thin losses of around 300 points due to worries over Pakistan’s exclusion from the International Monetary Fund (IMF) executive board meeting agenda for August. The market also remained subdued because of rollover of investor positions at month end and security concerns. […]