IMF
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Pakistan ‘very hopeful’ of sealing IMF deal in June: PM Shehbaz | The Express Tribune
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[ad_1] ANKARA: Pakistan is “very hopeful” of finalising a deal with the International Monetary Fund (IMF) this month, according to Prime Minister Shehbaz Sharif. “We are still very hopeful that the IMF programme will materialise. Our ninth review by the IMF will match all terms and conditions and, hopefully, we’ll have some good news this…
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Foreign exchange reserves decline to $4.09bn as Pakistan considers fresh IMF deal
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[ad_1] $100 bills. — AFP/File Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased to $4.09 billion as the liquidity-challenged country mulls starting a fresh bailout programme with the International Monetary Fund (IMF) programme without completing the current one. In a statement, the SBP said its reserves have fallen $102 million…
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Pakistan keen to cut a ‘new’ IMF deal | The Express Tribune
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[ad_1] ISLAMABAD: Amid a stalemate on securing a bailout from the International Monetary Fund (IMF), Prime Minister Shehbaz Sharif has informed fund’s Managing Director Kristalina Georgieva about Pakistan’s intention to secure a new bailout. Moreover, Minister of State for Finance and Revenue Dr Aisha Ghaus Pasha on Wednesday criticised IMF mission chief Nathan Porter’s comment…
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State finance minister hits out at IMF for ‘meddling’ | The Express Tribune
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[ad_1] ISLAMABAD: Minister of State for Finance Dr Aisha Ghaus Pasha termed a statement spelling out conditions to unlock the stalled bailout package by the International Monetary Fund (IMF) as “meddling in internal affairs”. Earlier this week, the IMF had urged Pakistan to follow the Constitution in order to resolve its political disputes, as Prime…
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Budget details shared with IMF on PM’s order | The Express Tribune
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[ad_1] ISLAMABAD: The finance ministry on Tuesday shared the details of the next budget with the International Monetary Fund (IMF) on the instructions of Prime Minister Shehbaz Sharif. On Monday, the premier had contacted IMF Managing Director Kristalina Georgieva to revive the derailed $6.5 billion bailout package apparently in a last-ditch effort to avoid default.…
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IMF ‘engaged’ with Pakistan for board meeting as programme expiry nears
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[ad_1] The International Monetary Fund (IMF) logo is displayed outside its headquarters in Washington, DC, on October 8, 2022. — AFP Rebutting claims that Pakistan and the International Monetary Fund (IMF) have reached a deadlock, the lender clarified that it is in touch with Islamabad to pave the way for a board meeting before the…
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Dar evades questions on IMF, budget | The Express Tribune
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[ad_1] ISLAMABAD: Federal Finance Minister Ishaq Dar on Monday lost his temper after he was questioned whether the government had “failed” to obtain loan from the International Monetary Fund (IMF). The finance minister was responding to media after attending an event in the federal capital. Dar was asked whether the government had failed in reaching…
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IMF spells out terms to unlock bailout | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) on Monday urged Pakistan to follow the Constitution in order to resolve its political disputes, as Prime Minister Shehbaz Sharif contacted Managing Director Kristalina Georgieva to revive the derailed $6.5 billion bailout package apparently in a last-ditch effort to avoid default. The discussion between Shehbaz and Georgieva took…
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In meeting with US envoy, Dar assures completing IMF programme
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[ad_1] US Ambassador to Pakistan Donald Blome calls on Finance Minister Ishaq Dar on May 26, 2023. — Finance Division. As the cash-strapped nation is making last-ditch efforts to revive the stalled Extended Fund Facility (EFF) programme, Finance Minister Ishaq Dar on Friday assured the US Ambassador to Pakistan Donald Blome of Islamabad’s commitment to…
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Is IMF delaying agreement due to ‘political use’ of funds?
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[ad_1] The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Washington, US, April 21, 2017. — Reuters Amid a prolonged delay in reaching an agreement with the International Monetary Fund (IMF), the Finance Division clarified Saturday that the lender has not raised concerns about its funds possibly being used for…
