IMF
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Govt committed to reviving the IMF programme, says Miftah | The Express Tribune
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[ad_1] Finance Minister Miftah Ismail on Thursday said that the Pakistan Muslim League-Nawaz (PML-N) government is “committed to reviving the IMF programme and put Pakistan back on a sustainable growth path.” Ismail had returned from Doha, Qatar, where talks were being held between Islamabad and the fund from May 18th to 25th. Finance Minister Ismail…
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Pakistan, IMF fail to reach staff-level agreement on programme’s revival, say sources
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[ad_1] International Monetary Fund (IMF) Headquarters in Washington. — AFP DOHA: The International Monetary Fund (IMF) late Wednesday delayed the revival of the stalled $6-billion programme under External Financing Facility (EFF) for Pakistan. The revival was expected to bring stability to the financial markets, the fast-weakening Pakistani rupee, and the depleting foreign exchange reserves, as…
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Bilawal says $6 billion IMF deal is ‘outdated’ | The Express Tribune
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[ad_1] An ongoing bailout deal between Pakistan and the International Monetary Fund (IMF) is “outdated” given a number of global crises, Foreign Minister Bilawal Bhutto-Zardari said on Wednesday, as the country struggles to implement targets set by the lender. He said it would be justified for Pakistan to plead this case before the IMF in…
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Pakistan, IMF again fail to reach staff level agreement | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and the International Monetary Fund have failed to reach a staff level agreement for revival of the $6 billion programme amid huge gaps between their assessments of the economy and the required measures that are immediately needed to stop economic meltdown. In a handout, the IMF on Wednesday emphasised upon “urgency of…
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Fate of IMF talks hinges on PM’s ‘big nod’ | The Express Tribune
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[ad_1] ISLAMABAD: The talks between the government and the International Monetary Fund (IMF) for the revival of the bailout package are moving at a snail’s pace as the economic managers are still waiting for the ‘big nod’ from Prime Minister Shehbaz Sharif which is crucial to bridging differences with the fund. Due to indecisiveness of…
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With ‘positive’ IMF talks, Miftah Ismail expects economic turnaround soon
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[ad_1] Finance Minister Miftah Ismail. -The News/File ISLAMABAD: Finance Minister Miftah Ismail on Friday said that the talks with the International Monetary Fund (IMF) are underway in a “positive” manner and hoped that the economic situation in the country would improve soon. The finance minister took to Twitter to share the current account deficit data…
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Govt agrees to implement IMF demands | The Express Tribune
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[ad_1] ISLAMABAD: In a nerve-wracking development, the incumbent government, after much deliberations, has finally agreed to implement most of the demands of the International Monetary Fund (IMF), raising the possibility of the country “coming back on track economically” and receiving the next IMF loan tranche. Talks between IMF and Pakistan continued for the second consecutive…
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IMF asks for Rs7.25tr tax collection target | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has demanded that Pakistan fix next fiscal year’s tax collection target at Rs7.25 trillion, which will require imposition of additional taxes of around Rs300 billion, including withdrawal of agriculture tax exemptions and increase in burden on the salaried class. The target is nearly Rs350 billion higher than what…
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Market watch: Stocks rally due to clarity about IMF package | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange rallied on Monday as investors were observed cheering the news of successful completion of talks with the International Monetary Fund (IMF) about the loan programme. Pakistan and the IMF agreed, in principle, to extend the stalled bailout programme by up to one year and increase the loan size to…
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Miftah Ismail agrees with IMF to curtail subsidies on petroleum products
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[ad_1] Finance Minister Miftah Ismail. — Atlantic Council Twitter WASHINGTON: While renegotiating the $6 billion Extended Fund Facility programme with the International Monetary Fund (IMF), the newly appointed Finance Minister Miftah Ismail on Friday agreed with the lender’s recommendations regarding reducing fuel subsidies, pledging to pursue structural reforms to boost a crisis-wracked economy. In 2019,…
