IMF
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IMF wants Pakistan to hike interest rates | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) on Wednesday said that Pakistan needed to further increase interest rates to stabilise inflation –- a policy advice that is not in line with the ground realities and has instead significantly increased the country’s debt burden. The global lender has released its regional economic outlook for the Middle…
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Budget preparation ‘hits snag’ over delay in IMF deal
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[ad_1] A representational image. — Unsplash ISLAMABAD: Preparations for the upcoming budget have been hampered due to the delay in an agreement with the International Monetary Fund (IMF), sources told Geo News Saturday. Due to the economic and political uncertainty in the country, the Budget Strategy Paper (BSP), which was scheduled to be approved by…
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Pakistan meets all IMF conditions: Dar | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Finance Ishaq Dar has claimed that Pakistan has met all the conditions set by the International Monetary Fund (IMF) for a staff-level agreement and that the lender’s mission for review will soon get a staff-level agreement approved by the fund’s executive board. “The IMF will soon sign the staff level…
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Ishaq Dar hopes IMF will soon sign deal with Pakistan as ‘all conditions fulfiled’
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[ad_1] Finance Minister Ishaq Dar speaks during a press conference in Islamabad on February 10, 2023. — AFP ISLAMABAD: Finance Minister Ishaq Dar on Monday said that Saudi Arabia and United Arab Emirates (UAE) have assured their commitments to provide $3 billion to Pakistan, hoping that the inflation-stricken country will soon seal the deal with the International…
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IMF struggles to find trustworthy partners | The Express Tribune
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[ad_1] KARACHI: The International Monetary Fund (IMF) is facing a challenging question regarding whom to trust in Pakistan to revive its $7 billion loan programme for the nation. The incumbent government, led by Finance Minister Ishaq Dar, has continued to fulfil commitments with the IMF and implement tough decisions. However, the IMF is assessing who…
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Pakistan shares $3bn ‘financing plan’ with IMF
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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 ISLAMABAD: In a bid to unlock the much-awaited International Monetary Fund (IMF) programme, the government on Tuesday shared its plan with the lender for securing an additional $3 billion to bridge the financing gap,…
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We have to fulfill IMF conditions as there’s no other option: PM Shehbaz
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[ad_1] Prime Minister Shehbaz Sharif addresses a ceremony in Lahore, on April 15, 2023. — PID LAHORE: Prime Minister Shehbaz Sharif on Saturday lamented that it’s a tough time and the authorities have to fulfil the “tough” conditions of the International Monetary Fund (IMF) as there is no other option.” Addressing a ceremony after reviewing the…
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IMF awaits ‘necessary financing assurances’ as soon as possible
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[ad_1] People attend the 2023 Spring Meetings inside the International Monetary Fund in Washington, US, April 12, 2023. — AFP WASHINTON: The International Monetary Fund (IMF) is looking forward to obtaining the necessary financing assurances as soon as possible to pave the way for the successful completion of the ninth review. The Fund is still…
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Pakistan still half way to clinch staff-level IMF deal | The Express Tribune
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[ad_1] The International Monetary Fund (IMF) said on Saturday that it was still waiting for “necessary financing assurances” for a successful conclusion of the review talks – taming expectations for a deal until Pakistan arranges the remaining $3 billion. In an early morning statement, Nathan Porter, IMF Mission Chief to Pakistan, said that the global…
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Pakistan secures UAE’s confirmation for unlocking IMF deal
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[ad_1] An undated image of $100 and $50 dollar stacks placed on a table. — AFP ISLAMABAD: The United Arab Emirates (UAE) authorities have told the International Monetary Fund (IMF) it will provide financing to Pakistan, Finance Minister Ishaq Dar announced on Friday, rekindling hopes of an early signing of the agreement. “UAE authorities have confirmed…
