IMF
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Foreign portfolio investors make a comeback after IMF loan | The Express Tribune
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[ad_1] KARACHI: Short-term foreign portfolio investors have reposed confidence in Pakistan’s economy as they staged a comeback, injecting a modest amount into equity and debt securities after the International Monetary Fund (IMF) awarded a $3 billion loan programme in late June 2023. The central bank’s latest data suggests that foreign inflows into the Pakistan Stock…
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How IMF sees Pakistan’s economy in the near future – Part I | The Express Tribune
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[ad_1] KARACHI: Pakistan’s economy has become a major topic of discussion, dominating coffee table conversations and boardroom debates alike. Never before have I witnessed the common folk engaging in discussions about economic intricacies and key indicators with such vivid detail. Given our psychological predisposition for mythological interpretations and our natural inclination for storytelling, each of…
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Experts share rewards and risks of new IMF programme | The Express Tribune
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[ad_1] ISLAMBAD: Pakistani experts are cautiously embracing the International Monetary Fund (IMF) programme, as the new $3 billion agreement offers immediate relief from the threat of default. However, independent analysts and stakeholders in Pakistan remain sceptical about the programme’s potential for large-scale impact and its political implications. While speaking to The Express Tribune, a representative…
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Petrol, diesel prices increased massively due to ‘IMF conditions’
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[ad_1] An employee of a gas station fills the tank of a motorbike in Karachi, on July 16, 2021. — AFP The federal government has decided to increase the price of petroleum products in Pakistan by Rs19.95 per litre for the next fortnightly review, Finance Minister Ishaq Dar announced Tuesday, in line with commitments made…
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IMF spells out stringent conditions for $3b breather | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has slapped a stringent condition on Pakistan to stop its intervention in the exchange rate market and also said that the risks to the new $3 billion programme implementation were “exceptionally high”. The global lender on Tuesday released its staff report on the $3 billion Stand-by Arrangement (SBA)…
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Power tariff hiked on IMF demand: Shehbaz | The Express Tribune
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[ad_1] LAHORE: Prime Minister Shehbaz Sharif said on Saturday electricity tariff hike was a condition of the International Monetary Fund (IMF), and stressed that the country would have to take the loan programme seriously and benefit from it. Speaking during a meeting with prominent businessmen and industrialists at the Governor’s House in Lahore, Shehbaz urged…
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Pakistan gets LNG shipment offer as IMF deal bears fruit
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[ad_1] A file photo of a liquefied natural gas (LNG) tanker. — AFP In yet another major achievement after winning final approval to borrow $3 billion from the International Monetary Fund (IMF), energy crisis-hit Pakistan received liquefied natural gas (LNG) shipments offer for the first time in more than one year. Last month, Pakistan failed…
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IMF says implementation of SBA crucial to Pak’s economic future | The Express Tribune
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[ad_1] The International Monetary Fund’s (IMF) Director of Strategic Communications Julie Kozack has said that “steadfast implementation” of the nine-month Stand-by Arrangement (SBA) was critical to Pakistan’s future. “Steadfast implementation is critical to address its large financing needs & support the most vulnerable,” she said in a statement on Thursday. The Stand-By Arrangement (SBA) for Pakistan 🇵🇰…
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We welcome IMF programme to support Pakistan: Blinken
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[ad_1] US Secretary of State Antony Blinken at a press conference at Ramstein Air Base in Germany on September 8, 2021. — AFP/File US Secretary of State Antony Blinken on Thursday urged the Pakistan government to continue working with the International Monetary Fund (IMF) towards macroeconomic reforms and sustainable economic recovery. His comments came after the…
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IMF board green-lights $3 billion SBA for Pakistan
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[ad_1] The seal for the International Monetary Fund is seen in Washington, D.C., Jan. 10, 2022. — AFP The International Monetary Fund (IMF) Executive Board on Wednesday approved a staff-level agreement reached with Pakistan on a short-term stand-by deal. “Today, the Executive Board of the International Monetary Fund (IMF) approved a 9-month Stand-By Arrangement (SBA)…
