IMF
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Rupee gains more ground against dollar amid hopes of IMF deal
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[ad_1] A representational image of a currency market dealer counting rupee notes. — AFP/File The Pakistani rupee on Thursday gained more ground against the US dollar as it appreciated by Rs4.83 in the interbank market at the start of today’s trading session. The local currency was trading at Rs268.50 during intraday trade around 10:30am. On…
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Dar ‘confident’ about matters with IMF | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Ishaq Dar on Thursday was confident that matters will be settled with the International Monetary Fund (IMF) and said that the people will soon hear “good news”. The minister made the remarks during his brief interaction with media persons at the concluding ceremony for the Road Safety Conference for Parliamentarians in…
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Crucial IMF talks hang in balance | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) suspects that Pakistan may not receive the projected $5 billion loans from multilateral and commercial creditors as Islamabad still awaits the Memorandum for Economic and Financial Policies (MEFP) draft with only two days left to conclude talks. The talks have reached a crucial phase where it can tilt…
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Pakistan close to sealing deal with IMF, says Khurram Dastgir
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[ad_1] Minister for Power Engineer Khurram Dastgir Khan addressing a press conference in this undated photo. — APP Federal Minister for Power Engineer Khurram Dastgir has shared an update on the talks between the government and International Monetary Fund, saying that Pakistan was on the verge of striking a deal with the lender as both…
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Power tariff hike gets PM’s nod to salvage IMF deal | The Express Tribune
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[ad_1] ISLAMABAD: With only three days left to end differences, Prime Minister Shehbaz Sharif on Monday gave a go-ahead to increase electricity prices aimed at striking a deal with the International Monetary Fund (IMF), which may further push the annual base tariff up by about 33%. The decision in principle was taken in a meeting…
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Govt assures IMF of amending NAO, FIA act | The Express Tribune
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[ad_1] In an International Monetary Fund (IMF)-conditioned review of Pakistan’s anti-corruption framework, the government has agreed to introduce more amendments to the National Accountability Ordinance and the Federal Investigation Act, revealed an interim official report. The report was submitted to the IMF as part of the global lender’s condition to conduct a comprehensive review of…
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‘Tough’ IMF talks push rupee to Rs276.58 | The Express Tribune
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[ad_1] KARACHI: Reacting to Prime Minister Shehbaz Sharif’s statement that the International Monetary Fund (IMF) conditions are tough, the domestic currency dived almost 2% – or Rs5.22 – to hit a new all-time low closing at Rs276.58 against the US dollar in the interbank market on Friday. The latest drop in the rupee-dollar exchange rate…
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Rupee rout continues amid ‘tough’ IMF demands
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[ad_1] A foreign currency dealer counts US dollar notes at a currency market in Karachi on July 19, 2022. — AFP The already under-pressure Pakistani rupee declined further against the dollar on Friday following Prime Minister Shehbaz Sharif’s comments that the International Monetary Fund (IMF) is giving Pakistan a “tough time”. “As we speak, an IMF…
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Rupee weakens against dollar amid ambiguity on IMF talks
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[ad_1] A representational image of a currency dealer counting Rs500 notes. — AFP/File The Pakistani rupee lost ground on Thursday against the US dollar in the interbank market after following the International Monetary Fund’s disapproval of the circular debt management plan. The rupee depreciated by Rs2.52 to settle at Rs271.35 at the close of the…
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Rupee remains stable as IMF talks progress
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[ad_1] People enter a money changer shop in the blue area in Islamabad on January 26, 2023. — Online KARACHI: The Pakistani rupee on Thursday remained stable against the dollar as the market is looking for direction amid the government’s ongoing tough parleys with the International Monetary Fund (IMF). US dollar closed at Rs268.83 in…
