IMF
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IMF deal charts path to economic recovery | The Express Tribune
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[ad_1] KARACHI: The new International Monetary Fund (IMF) loan programme of $3 billion has given an economic roadmap to Pakistan for a short-to-medium duration, covering three quarters of the current fiscal year, including the period of caretaker government ahead the next general elections scheduled for later this year. Experts believe that the lifeline, made available…
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Fitch, Moody’s warn of lingering threats despite IMF deal | The Express Tribune
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[ad_1] Fitch Ratings and Moody’s Investors Service on Monday warned of continued threats to Pakistan’s financial sustainability, despite the country receiving a much-needed $3 billion lifeline from the International Monetary Fund (IMF) over the weekend. Pakistan signed a short-duration (nine-month) worth $3 billion loan programme with the IMF last week, following the revival of the…
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Stocks rally as Pakistan, IMF strike deal after nine-month delay
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[ad_1] An investor talks on his phone at the Pakistan Stock Exchange. — AFP/File KARACHI: Following Pakistan’s staff-level agreement with the International Monetary Fund (IMF) over the weekend, Pakistan Stock Exchange (PSX) Monday witnessed a bullish trend as the KSE-100 benchmark index gained over 2,000 points. The index opened in the green zone and remained…
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IMF deal reviving investor confidence: PM | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif congratulated the nation on Monday saying that the confidence of investors and the business community is being restored rapidly, thanks to a major breakthrough in the standby agreement with the International Monetary Fund (IMF). The premier said that the extraordinary surge of 2,231 points at the Pakistan Stock Exchange on the…
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Pakistan set to become 4th biggest IMF debtor | The Express Tribune
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[ad_1] KARACHI: Pakistan will become the fourth largest International Monetary Fund (IMF) borrower in the world after receiving additional loans of $3 billion in the next nine months under the standby arrangement from the global lender. According to the lender’s data, as on March 31, 2023, Pakistan was ranked fifth in the list of countries…
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Crucial $3b IMF lifeline comes with tough conditions | The Express Tribune
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[ad_1] LAHORE: Pakistan secured a badly-needed $3 billion short-term financial package from the International Monetary Fund on Friday, giving the economy a much-awaited respite as it teeters on the brink of default. The IMF said it had reached an agreement on the deal with the 220 million nation, which will now be subject to approval…
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Miftah believes Pakistan ‘back on right track’ with IMF deal
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[ad_1] Former finance minister Miftah Ismail addressing a press conference. — APP/File Following the announcement of a staff-level agreement (SLA) with the International Monetary Fund (IMF) agreement, former finance minister Miftah Ismail on Friday said that the default threat looming over the county will receded and “Pakistan is now firmly back on the right track”.…
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PM terms Paris meeting with IMF chief ‘turning point’ to clinch SBA
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[ad_1] Prime Minister Shehbaz Sharif, Finance Minister Ishaq Dar addressing the media after overseeing the signing of the SLA with IMF. — Screengrab/PTV/YouTube After Pakistan clinched the staff-level agreement (SLA) with the International Monetary Fund (IMF) on a stand-by arrangement (SBY), Prime Minister Shehbaz Sharif termed his meeting with Managing Director Kristalina Georgieva in Paris…
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IMF deal averts Pakistan’s likely default: American expert
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[ad_1] Shipping containers are seen stacked on a ship at a sea port in Karachi, Pakistan, April 6, 2023. — AFP As the International Monetary Fund (IMF) announced that it has reached a staff-level agreement (SLA) with Pakistan, the director of the South Asia Institute at the Wilson Center said that the financial deal would prevent…
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Pakistan, IMF clinch deal on $3 billion ‘stand-by arrangement’
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[ad_1] The International Monetary Fund building in Washington. — AFP/File In a major breakthrough on Friday, the International Monetary Fund (IMF) announced reaching a staff-level agreement (SLA) with Pakistan on $3 billion “stand-by arrangement” (SBA). “I am pleased to announce that the IMF team has reached a staff-level agreement with the Pakistani authorities on a…
