IMF
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IMF seeks financing guarantees | The Express Tribune
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[ad_1] KARACHI: Pakistan will be required to give an assurance that its balance of payments deficit is fully financed for the fiscal year ending in June to unlock the next tranche of IMF funding, the fund’s resident representative said on Monday. The International Monetary Fund has been negotiating with Islamabad since early last month to…
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IMF agreement won’t lessen default risk: Miftah | The Express Tribune
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[ad_1] Former finance minister Miftah Ismail has stated that the risk of Pakistan defaulting would not be lessened even if an agreement with the International Monetary Fund (IMF) is reached. During an interview on Thursday with a private news channel, Miftah said that the risk of default would not decrease immediately, and the percentage of that risk would…
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Rupee falls sharply amid delay in IMF deal
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[ad_1] — APP/File KARACHI: The local currency fell sharply on Thursday against the US dollar amid a delay in the International Monetary Fund’s (IMF) deal, plunging by Rs17.59 during the trade, according to the Exchange Companies Association of Pakistan (ECAP). The dollar was trading at Rs283.71 in the interbank market after closing at Rs266.11 a…
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Power subsidies to agriculture withdrawn to win IMF loan
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[ad_1] Farmers busy in loading green fodder on a trolley at Phandu area, Peshawar, on January 10, 2023. — APP The coalition government on Wednesday revoked the power subsidy given to agriculture consumers — under the Kissan Package announced in October 2022 — as it strives to strike a deal with the International Monetary Fund…
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Rupee slides to 265.83 in interbank market over IMF concerns | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency nosedived 1.65% (or Rs4.33) to Rs265.83 against the US dollar in the interbank market at 12:45 pm on Wednesday. The latest drop follows the International Monetary Fund (IMF) expressing concern with the incumbent government regarding the still-present control of the rupee in the interbank market. The rupee also took a…
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Islamabad baffled by IMF moving goalposts | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Tuesday once again sought the US help to conclude a desperately-needed deal with the International Monetary Fund (IMF). It is “rare” that despite implementing tough decisions with high political cost, the coalition government has to deal with a situation where the global lender keeps changing the goalposts constantly. The request for…
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IMF flags debt restructuring hurdles | The Express Tribune
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[ad_1] BENGALURU: Group of 20 (G20) nations have some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund (IMF) said on Saturday, adding that banning private cryptocurrencies should be an option. India’s G20 presidency comes as its South Asian neighbours Sri Lanka, Bangladesh and Pakistan are seeking urgent IMF funds…
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India’s push to regulate crypto gains IMF, US support at G20 | The Express Tribune
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[ad_1] BENGALURU: A push by Group of 20 (G20) president India to regulate cryptocurrencies gained support from both the International Monetary Fund and the United States on Saturday as finance chiefs of the bloc wrap up two days of talks. India has said it wants a collective global effort to deal with problems posed by…
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Pakistan ‘agrees’ to raise policy rate by 2% under IMF pressure
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[ad_1] The International Monetary Fund’s building. — AFP/File As the economic crisis in Pakistan worsens with depleting foreign currency reserves barely enough to pay for three weeks worth of imports, the country agreed on Saturday before the International Monetary Fund (IMF) to increase the policy rate by 2% — one of the conditions to secure…
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Ishaq dar meets US envoy ahead of virtual IMF talks
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[ad_1] Ambassador of the United States of America to Pakistan Donald Blome called on Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar at Finance Division, Islamabad, on February 23 2023. — Finance Division Ahead of an important meeting between the International Monetary Fund (IMF) and Pakistan officials, United States of America Ambassador Donald…
