IMF
-
Top IMF official sees improvement in Pakistan’s economic situation
.
[ad_1] Pakistan’s Ambassador Masood Khan (centre) addressing an event along with officials of IFIs at Pakistan House in Washington on December 7, 2023. — X/@Masood__Khan A top International Monetary Fund (IMF) official has praised Pakistani authorities for delivering on the economic front while observing improvement in the economic conditions of the country. Bahador Bijani, an…
-
IMF expects dollar price to improve | The Express Tribune
.
[ad_1] ISLAMABAD: Pakistan is likely to seek a waiver from the International Monetary Fund (IMF) for violating the condition of restricting the difference between inter-bank and open market currency rates as the lender improves its assumption for the average dollar price to Rs300. Highly placed sources said that compared to July’s underlying assumption of Rs305.2…
-
Pakistan needs $25b loans this FY: IMF | The Express Tribune
.
[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has revised Pakistan’s foreign loan requirements to $25 billion for this fiscal year — reducing it by $3.4 billion — and also lowered the economic growth projection to just 2%, turning down the government’s external as well as macroeconomic forecasts. Finance ministry sources said the IMF had also…
-
Staff-level agreement with IMF boosts PKR, KSE-100
.
[ad_1] An investor at the KSE-100 Index talking on the phone in this undated picture. — AFP/File Taking positive cues from the staff-level agreement between Pakistan and the International Monetary Fund (IMF), the rupee broke its 17-session losing streak while the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index rallied past 57,000 points. Pakistan, a day…
-
Pakistan wins initial IMF approval to unlock $700m tranche under SBA
.
[ad_1] International Monetary Fund (IMF) building in Washington DC. — AFP/File In a positive development, Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement on the first review under a Stand-By Arrangement (SBA), subject to approval by the Executive Board of the global lender. Upon approval, Pakistan will have access to $700…
-
Pakistan set to receive $700m from IMF after bailout review | The Express Tribune
.
[ad_1] ISLAMABAD: The International Monetary Fund (IMF) on Wednesday announced a staff-level agreement with Pakistan on the completion of the first review of the $3 billion bailout package after Islamabad assured it of refraining from intervening in the currency market and continuing on the path of fiscal consolidation. In a statement issued after the end…
-
IMF chief says deal with Pakistan on review likely this week
.
[ad_1] Managing Director of the IMF Kristalina Georgieva attends the annual meetings of the IMF and the World Bank Group (WBG), in Marrakesh on October 12, 2023. — AFP International Monetary Fund (IMF) Managing Director Kristalina Georgieva was hopeful of reaching a deal with Pakistan soon on the first review of the $3 billion stand-by arrangement.…
-
IMF gets UAE assurance on Pakistan’s external financing gap
.
[ad_1] In a major development, the United Arab Emirates (UAE) on Tuesday gave assurance to the International Monetary Fund (IMF) on cash-strapped Pakistan’s external financing gap. According to Geo News, the development came during a meeting between the IMF mission chief and the UAE ambassador in Pakistan on Tuesday, on the sideline of the ongoing…
-
IMF seeks further power tariff hike | The Express Tribune
.
[ad_1] ISLAMABAD: Pakistan may have to further increase electricity prices and revise down its primary budget surplus of Rs417 billion for the first quarter after the International Monetary Fund (IMF) did not accept the government’s position on fiscal numbers and the circular debt. The global lender also raised questions over the role, mandate and powers…
-
Pakistan hopeful of ‘successful completion’ of first IMF review
.
[ad_1] In this file photo taken on April 15, 2020, a sign is seen outside the headquarters of the International Monetary Fund (IMF) in Washington, DC. — AFP With the negotiation between the International Monetary Fund’s (IMF) team and Pakistani authorities entering the final round, Islamabad is optimistic about the successful completion of the first…
