IMF
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Minister rejects reports claiming Pakistan backtracking from IMF programme
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[ad_1] Minister of State for Finance Dr Aisha Ghaus Pasha addresses an event. — Radio Pakistan/File ISLAMABAD: Minister of State for Finance and Revenue Dr Aisha Ghaus Pasha on Wednesday categorically denied rumours claiming Pakistan was backtracking from the much-awaited $6.5 bailout programme with the International Monetary Fund (IMF). Speaking to journalists after a…
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IMF sceptical about PSDP: report | The Express Tribune
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[ad_1] ISLAMABAD: A new report by the International Monetary Fund (IMF) has said Pakistan’s Public Sector Development Programme (PSDP) has become “unaffordable” due to limited fiscal space, as the government again proposes only Rs700 billion for the development budget for the next fiscal year. “The PSDP is unaffordable with currently approved projects likely to take…
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‘IMF did not seek fresh financing of $8bn from Pakistan’
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[ad_1] IMF headquarters in Washington. —AFP/File ISLAMABAD: The International Monetary Fund (IMF) on Sunday denied local media reports that it was seeking fresh financing of $8 billion from Pakistan for the revival of the $6.5 billion bailout package. IMF Resident Representative in Pakistan Esther Pérez Ruiz said that the global lender did not demand an $8…
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IMF calls on Pakistan to secure ‘significantly more financing’ for completing programme
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[ad_1] The seal for the International Monetary Fund (IMF) in Washington, DC, US, January 26, 2022. — AFP The International Monetary Fund (IMF) said on Thursday that crises-gripped Pakistan needs significant additional financing for the completion of the long-stalled ninth review of the bailout programme, Reuters reported. The IMF said it is essential for Pakistan…
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Ishaq Dar asserts Pakistan will not default even without IMF deal
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[ad_1] Minister for Finance and Revenue Ishaq Dar chairs a meeting of the Economic Coordination Committee on May 10, 2023. — Twitter Days after Moody’s International Service warned of the possibility that Pakistan could default, Finance Minister Ishaq Dar rubbished what he termed as “rumours” on Thursday. Addressing the Islamabad Security Dialogue, he asserted that…
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IMF to ‘continue engagement’ despite political unrest: report | The Express Tribune
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[ad_1] The International Monetary Fund (IMF) said that it will “continue engagement with the government on the loan despite the ramp-up in political tensions”, Bloomberg reported on Thursday. The remarks by the IMF come days after former prime minister Imran Khan was arrested from the Islamabad High Court (IHC) on May 9 in the Al-Qadir Trust…
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Petrol subsidy: Pakistan ‘determined’ to address IMF concerns
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[ad_1] Pakistan aims to address the International Monetary Fund’s (IMF) concerns about a proposed fuel subsidy plan prior to its implementation, in a bid to revive a stalled loan programme that is crucial for the country’s economic stability, Bloomberg reported Tuesday. The international lender had some reservations about the government’s plan to raise fuel prices…
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Moody’s warns Pakistan could default without IMF bailout | The Express Tribune
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[ad_1] Moody’s Investors Service warned that Pakistan could default without an International Monetary Fund (IMF) bailout as the country faces uncertain financing options beyond June, reported Bloomberg on Tuesday. “We consider that Pakistan will meet its external payments for the remainder of this fiscal year ending in June,” Grace Lim, a sovereign analyst with the…
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Govt, IMF to begin budget talks next week | The Express Tribune
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[ad_1] ISLAMABAD: The federal government’s economic team and the International Monetary Fund (IMF) will begin consultations over the budget for the next fiscal year 2023-24 from next week during which the global lender will be taken into confidence that it will be in accordance with the terms agreed with it. Sources said the Federal Board…
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IMF review to conclude after Pakistan’s financing in place
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[ad_1] The International Monetary Fund’s logo. — AFP/File As Pakistan seeks to secure crucial International Monetary Fund (IMF) funding to avoid an economic collapse, the lender said it is working with the government to conclude the ninth review of the bailout programme, Reuters reported Friday. The Washington-based lender and the federal government are in talks…
