IMF
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Pakistan, IMF reach staff-level pact on crucial $3b bailout | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has reached a staff-level pact with Pakistan on a $3 billion stand-by arrangement, the lender said, a decision long awaited by the South Asian nation which is teetering on the brink of default. The deal, subject to approval by the IMF board in July, came hours before the…
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IMF deal expected in next 24 hours: Dar | The Express Tribune
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[ad_1] Finance Minister Ishaq Dar has said that a staff level agreement for a crucial bailout deal with the International Monetary Fund (IMF) was “very close” and expected in the next 24 hours. Islamabad is racing against time to unlock at least $1.1 billion under the lender’s ninth review of a $6.5-billion Extended Fund Facility…
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How much will rupee gain if IMF deal is revived?
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[ad_1] A foreign currency dealer counts US dollars at a shop in Karachi on May 19, 2022. — AFP The government’s moves to meet several demands of the International Monetary Fund (IMF) — through the budget for the fiscal year 2023-24 — have rekindled hopes of the stalled bailout programme’s revival. The nation desperately seeks…
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Pakistan, IMF negotiations underway to ‘quickly’ reach pact
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[ad_1] The International Monetary Fund’s (IMF) building in Washington, United States. — AFP/File The discussions between the International Monetary Fund (IMF) and Pakistan are underway to “quickly” revive the stalled bailout package, global lender’s mission chief to Pakistan Nathan Porter said on Tuesday. “Over the past few days, the Pakistani authorities have taken decisive measures…
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Desperate PM Shehbaz makes 4th contact with IMF chief in six days
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[ad_1] Prime Minister Shehbaz Sharif (right) meets IMF MD Kristalina Georgieva in this undated image. — PM’s Office Prime Minister Shehbaz Sharif Tuesday made his fourth contact with International Monetary Fund (IMF) Managing Director (MD) Kristalina Georgieva in six days as the cash-strapped nation scrambles to revive a stalled bailout programme. Rating agencies and economists fear…
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Pakistan inches closer to IMF funding | The Express Tribune
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[ad_1] ISLAMABAD: After revising the budget in line with the International Monetary Fund’s demands, Pakistan expects progress towards securing the 9th review programme by receiving a Memorandum for Economic and Financial Policy (MEFP), sources said on Monday. The sources said that soon after the approval of the MEFP, the staff-level agreement and an IMF board…
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IMF has no confidence in Dar, says Qureshi
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[ad_1] PTI Vice Chairman Shah Mehmood Qureshi addresses a press conference in Multan, on June 25, 2023, in this still taken from a video. — YouTube/GeoNews Coming down hard on Finance Minister Ishaq Dar, Pakistan Tehreek-e-Insaf (PTI) Vice Chairman Shah Mehmood Qureshi said Sunday that the IMF had no confidence in the financial czar and…
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Pakistan ‘fully committed’ to IMF programme, PM reiterates
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[ad_1] Prime Minister Shehbaz Sharif with International Monetary Fund Managing Director Kristalina Georgieva in Paris. — Twitter/@KGeorgieva After meeting the International Monetary Fund’s (IMF) managing director, Prime Minister Shehbaz Sharif has assured the lender’s chief that Pakistan is “fully committed” to the ongoing Extended Fund Facility. “It was a pleasure to meet you and have…
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PM Shehbaz meets IMF chief, urges release of stalled funds
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[ad_1] PARIS: Prime Minister Shehbaz Sharif on Thursday urged International Monetary Fund (IMF) Managing Director Kristalina Georgieva to unlock stalled funds because the country had met all conditions stipulated by the lender. Meeting the IMF MD on the sidelines of the Summit for a New Global Financial Pact being held in Paris, the premier assured…
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PM hopes to meet IMF MD in Paris | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif has sought a meeting with the managing director of the International Monetary Fund (IMF) on the sidelines of the summit for a new Global Financial Pact in Paris amid a steep fall in foreign loans disbursements to just $8.4 billion this fiscal year. The cabinet sources told The…
