IMF
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IMF approves $1b loan tranche for Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: The executive board of the International Monetary Fund on Wednesday revived Pakistan’s stalled programme and cleared $1 billion tranche after Islamabad gave absolute autonomy to the central bank and took around Rs800 billion measures. The executive board, that met in Washington, also waived off few conditions to pave the way for the release…
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IMF approves $1 billion tranche, makes public new conditions | The Express Tribune
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[ad_1] ISLAMABAD: The executive board of the International Monetary Fund (IMF) on Wednesday revived Pakistan’s $6 billion Extended Fund Facility (EFF) programme, paving the way for the disbursement of about $1 billion tranche. The move comes after the Pakistan Tehreek-i-Insaf (PTI) government had narrowly managed to get the crucial State Bank of Pakistan (Amendment) Bill…
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Market watch: Uptrend continues at PSX ahead of IMF meeting | The Express Tribune
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[ad_1] KARACHI: The ongoing rally continued at the Pakistan Stock Exchange on Wednesday and the KSE-100 index breached the 46,000-point mark as investors anticipated the resumption of International Monetary Fund (IMF) loan programme. The IMF board was set to meet late on Wednesday and review Pakistan’s case as the country met its prior conditions. Market…
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IMF warns China’s property stress poses spillover risk | The Express Tribune
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[ad_1] BEIJING: A funding crisis battering China’s big property developers could start to shake the wider economy and global markets, the IMF warned on Friday, saying deeper reforms were needed to fully curb the threat. The International Monetary Fund’s report comes as property firms in the world’s second-biggest economy struggle with liquidity problems as Beijing…
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Senate passes crucial SBP bill amid Opposition’s protest ahead of IMF review
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[ad_1] Federal Minister for Finance and Revenue Shaukat Tarin tabling a motion seeking permission to introduce SBP bill in Senate on January 28, 2022. — Twitter/@SenatePakistan The upper house of the Parliament on Friday passed the controversial State Bank (Amendment) Bill 2021, amidst protests from the Opposition benches. On January 13, the National Assembly passed…
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IMF warns of possible market correction as interest rates rise
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[ad_1] A picture of the IMF headquarters in Washington DC. — AFP/File WASHINGTON: Global equity markets that have see-sawed in recent weeks but show signs of “overvaluation” are at risk of a sharp correction as major central banks raise interest rates, a top international Monetary Fund (IMF) official said Tuesday. “We are certainly living in…
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Is it a crime to work for IMF? asks SBP chief
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[ad_1] Dr Reza Baqir. File photo ISLAMABAD: State Bank of Pakistan Governor Dr Reza Baqir Monday responded to criticism directed at him by the Opposition parties for his previous affiliation with the International Monetary Fund (IMF), asking, “Is it a crime to work for an international organization?” Briefing the Senate’s Standing Committee on Finance, Reza…
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Miftah Ismail chides govt, terms SBP ‘State Bank of IMF’
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[ad_1] PML-N leader and former finance minister Miftah Ismail addressing a press conference alongside PML-N leader Musadik Malik (not pictured) in Karachi on December 31, 2021. — YouTube KARACHI: After the PTI-led government unveiled the SBP Amendment Bill in the National Assembly yesterday, the State Bank of Pakistan has “now become the State Bank of…
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Cannot specify when IMF talks will conclude: ministry
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[ad_1] — AFP/File ISLAMABAD: A specific time frame cannot be given for the conclusion of Pakistan’s talks with the International Monetary Fund (IMF), a statement from the Ministry of Finance and Revenue said Friday. The statement was issued by a spokesperson of the ministry, saying that currently, no comments can be made on the progress…
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IMF official sees energy prices spiralling down by early 2022
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[ad_1] WASHINGTON: Rising energy prices are weighing on households but the recent spike is unlikely to fuel a 1970s-style oil crisis and should retreat early next year, IMF chief economist Gita Gopinath told AFP Tuesday. Energy prices collapsed last year amid the shutdowns imposed to contain the Covid-19 pandemic, but 2021 has brought a sharp…
