IMF
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Pakistan ‘striving’ to meet IMF terms amid resistance to tax reforms
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[ad_1] Finance Minister Muhammad Aurangzeb calls on Prime Minister Muhammad Shehbaz Sharif in Islamabad. — Online/File Hoping that Pakistan will no longer have to rely on the lender of last resort for external funding in the future, Prime Minister Shehbaz Sharif has said that the government is actively taking measures to meet the International Monetary…
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IMF pours cold water on Punjab’s cheap power plan | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has slapped Pakistan with a slew of new conditions regarding energy subsidies and provincial budgets after Punjab took a “fiscally reckless” decision to give Rs45 to Rs90 billion electricity subsidies for two months. Government sources told The Express Tribune on Monday that the global lender imposed at least…
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PSX remains subdued amid IMF loan delay | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) experienced a lacklustre week, marked by limited activity and thin losses of around 300 points due to worries over Pakistan’s exclusion from the International Monetary Fund (IMF) executive board meeting agenda for August. The market also remained subdued because of rollover of investor positions at month end and security…
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$7b bailout request not on IMF agenda | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund’s Executive Board meeting will not take up the $7 billion bailout package to Pakistan for approval as it is not part of agenda for the current week. IMF has issued the Executive Board meeting’s schedule for September 4, which does not include Pakistan’s request for $7 billion bailout package.…
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IMF Executive Board’s schedule up to September 4 ‘excludes Pakistan’
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[ad_1] The International Monetary Fund’s logo is seen outside the global lender’s headquarters in Washington,US, April 20, 2018. — Reuters The International Monetary Fund (IMF) has released its executive board meeting schedule through September 4, 2024, and sources in the Finance Division indicate that Pakistan, which direly needs external funding to bail out its economy,…
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Finance minister quells ‘noise’ casting doubts on IMF deal approval
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[ad_1] Finance Minister Muhammad Aurangzeb speaks during an interview with Reuters at his office in Islamabad. —Reuters/File ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, on Friday voiced hope that “the International Monetary Fund (IMF) will approve the staff-level agreement next month,” quelling the naysayers’ doubts. Pakistan and the IMF reached an agreement…
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Pakistan ‘making good progress’ for IMF $7bn loan deal approval in September: FinMin
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[ad_1] Finance Minister Muhammad Aurangzeb presents Federal Budget 2024-2025 before the National Assembly. — INP/File Finance Minister Muhammad Aurangzeb has said that the government hopes to get approval for a new $7 billion loan programme from the International Monetary Fund’s (IMF) board in September, saying that its engagement with the Fund is progressing well. “We…
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FinMin optimistic of securing $7bn IMF loan deal this month
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[ad_1] Finance Minister Muhammad Aurangzeb speaks during an interview. — APP/File Minister for Finance and Revenue Senator Muhammad Aurangzeb has exhibited confidence in the International Monetary Fund’s (IMF) Board of Directors that it will approve the staff-level agreement with Pakistan by the end of August. Addressing the “Climate Action for Pakistan” event organised by Acumen…
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PPP govt borrowed largest IMF loan; PTI paid highest interest: document
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[ad_1] The International Monetary Fund’s logo is seen outside the global lender’s headquarters in Washington, US, April 20, 2018.— Reuters ISLAMABAD: An official document has revealed that the Pakistan Peoples Party’s (PPP) government (2008-13), holds the record for the largest borrowings from the International Monetary Fund (IMF), while the Pakistan Tehreek-e-Insaf (PTI) administration (2018-22), paid…
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IMF to discuss $7 billion bailout for Pakistan in August | The Express Tribune
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[ad_1] The International Monetary Fund (IMF) Executive Board is expected to convene in mid-August to discuss the $7 billion bailout package for Pakistan. A staff-level agreement between Pakistan and the IMF was reached on July 12. Sources inside the Ministry of Finance indicate that the IMF board is expected to give its final approval within…
