IMF
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Pakistan has received MEFP from IMF for combined 7th and 8th reviews: Miftah
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[ad_1] Finance Minister Miftah Ismail. ISLAMABAD: Federal Minister for Finance Miftah Ismail Tuesday said that Pakistan has received the draft Memorandum of Economic and Financial Policies (MEFP) from the International Monetary Fund for the combined 7th and 8th reviews. The minister made the announcement on Twitter. “Early this morning, the Government of Pakistan has received…
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US recession would be ´necessary price´ to defeat inflation: IMF chief
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[ad_1] IMF managing director Kristalina Georgieva said the US must fight inflation, even if that means some pain in the short term. Photo: AFP/File WASHINGTON: With inflation rising sharply, and the Federal Reserve raising interest rates, the United States is facing an increased risk of a downturn, IMF Managing Director Kristalina Georgieva said Friday. But…
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Rupee breaks losing streak against dollar on IMF breakthrough
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[ad_1] The local unit finally breaks its losing streak against the dollar and gains nearly Re1 in the early morning interbank market on Wednesday. KARACHI: Following a “broad agreement” with the International Monetary Fund (IMF) programme, the Pakistani rupee broke its losing streak against the dollar and gained nearly Re1 in early morning interbank trade.…
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Rupee gains ground against dollar after IMF news | The Express Tribune
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[ad_1] KARACHI: After reports of an imminent deal between the Pakistani government and the International Monetary Fund (IMF), the Pakistani rupee started showing signs of recovery on Wednesday as it gained over 0.40 paisas against the US dollar to reach Rs211. The rupee managed to gain some support from the central bank’s measures to increase…
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‘Broad agreement’ with IMF to end uncertainty | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Tuesday announced a ‘broad agreement’ with the International Monetary Fund (IMF) on the next year’s budget that has seen its size increased to Rs9.9 trillion, as the government agreed to reintroduce tax on people earning up to Rs100,000 and petroleum levy from July 1. The two sided have decided to gradually…
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Refineries await IMF deal as margins rise | The Express Tribune
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[ad_1] ISLAMABAD: As profit margins of refineries rise, they are looking at the signing of a loan revival deal between the government and the International Monetary Fund (IMF), which will push global banks to endorse the Letters of Credit (LCs) for oil import. At present, the international banks are reluctant to confirm the LCs as…
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Miftah claims IMF programme to revive within a day or two
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[ad_1] Federal Minister for Finance and Revenue, Miftah Ismail addressing a press conference at PID in Islamabad, on May 15, 2022. — APP ISLAMABAD: The stalled International Monetary Fund’s (IMF) Extended Fund Facility (EFF) will revive within a day or two, Finance Minister Miftah Ismail said Monday. “I am very hopeful that the IMF programme…
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Dollar crosses 210-mark in interbank as govt struggles to reach IMF deal
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[ad_1] A forex dealer cunting currency notes in this file photo. KARACHI: The rupee declined further in the interbank market amid a delay in the signing of the deal with the International Monetary Fund (IMF) and was traded at 210.19 on Monday during the intraday trade, according to the Tresmark. It ended at 208.75 on…
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US agrees to help Pakistan reach accord with IMF: report
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[ad_1] Picture shows the flags of US and Pakistan. — Agencies/File KARACHI: Amid deadlock over certain conditions set by the International Monetary Fund (IMF) to revive the $6 billion loan programme, Washington has “agreed” to help Islamabad to negotiate a deal with the lender, according to a Daily Daily report published Monday. The development comes…
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Dollar surge continues amid uncertainty over IMF programme
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[ad_1] A representative image. KARACHI: The US dollar gained further in the interbank market Wednesday and was trading at 206.25 in the first session amid uncertainty over the revival of the International Monetary Fund’s (IMF) loan programme, Geo News reported. The Pakistani rupee depreciated over 1.09 paisas during the intraday trading today. The local currency…
