IMF
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IMF board approves $7bn loan programme for Pakistan
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[ad_1] This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. — AFP WASHINGTON: The International Monetary Fund’s (IMF) Executive Board has greenlighted a 37-month $7 billion Extended Fund Facility (EFF) for Pakistan, with the incumbent government hoping that it would be the country’s last.…
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Aurangzeb upbeat on IMF board’s nod for $7bn loan programme tomorrow
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[ad_1] Federal Finance Minister Senator Muhammad Aurangzeb addressingn a press conference. — APP/File Federal Finance Minister Senator Muhammad Aurangzeb expressed confidence on Tuesday that the International Monetary Fund (IMF) Board will sanction the $7 billion, 37-month loan deal, for Pakistan during its meeting tomorrow (Wednesday). “Pakistan successfully concluded a 9-month SBA (Stand-by Arrangement) with IMF…
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Stocks rally past 82,000 mark as investors bet on IMF deal approval
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[ad_1] A man uses a mobile phone as he takes a photo of the electronic board displaying share prices during a trading session at the Pakistan Stock Exchange, on November 28, 2023. — Reuters Stocks hit a record high on Friday, with the benchmark index topping the 82,000 mark as investors binged on big names…
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IMF board to review Pakistan loan programme on Sept 25
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[ad_1] This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. — AFP The International Monetary Fund (IMF) has finally included Pakistan on its Executive Board agenda scheduled for September 25, with Prime Minister Shehbaz Sharif lauding friendly nations’ all-out support to help Islamabad in…
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IMF board to review Pakistan’s $7b loan on September 25 after key conditions met | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has confirmed that its Executive Board will meet on September 25 to discuss the approval of Pakistan’s $7 billion Extended Fund Facility (EFF). The loan is crucial for stabilising Pakistan’s economy, which has been grappling with rising inflation and dwindling reserves. IMF spokesperson Julie Kozack announced the meeting…
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IMF pressure halts new EPZ plan | The Express Tribune
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[ad_1] ISLAMABAD: The government on Wednesday withdrew a proposal to establish a new Export Processing Zone (EPZ) in Balochistan, complying with a condition set by the International Monetary Fund (IMF), highlighting the global lender’s growing influence over the country’s economic decision-making. The Ministry of Industry and Production had initially pushed for the creation of the…
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IMF names new country head | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund has appointed Mahir Binici as the new country head for Pakistan, while the government intensifies efforts to secure the $7 billion loan approval by the last week of September. All this is taking place amid growing suspicions about the motives of the global lender. The IMF’s action to set…
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IMF yet to include Pakistan’s $7b EFF on Executive Board agenda | The Express Tribune
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[ad_1] The International Monetary Fund (IMF) has not yet added Pakistan’s new 37-month Extended Fund Facility (EFF) to the agenda for its Executive Board meetings scheduled through September 18, according to the Fund’s official website. The upcoming meetings, set for September 9, 13, and 18, do not include the $7 billion EFF agreement reached with…
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IMF links bailout package to $12b debt rollover | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has demanded of the Pakistan government to get $12 billion loan rolled over by next week to secure the bailout package. Besides, the fund has also asked the country to meet the revenue shortfall in the month of September. According to finance ministry sources, the ministry held a…
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Not on IMF agenda, but Pakistan hopes to secure bailout | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Tuesday that the government was at the “advanced stages” of getting assurances about external financing but he again did not give a firm timeframe to conclude the pending $7 billion deal with the International Monetary Fund (IMF). The statement came the day the IMF released its executive…
