IMF
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IMF identifies ‘loopholes’ in Pakistan’s failure to boost exports | The Express Tribune
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[ad_1] The International Monetary Fund (IMF) has pinpointed several loopholes in Pakistan’s export strategy, attributing them to the country’s inability to boost its exports, according to media reports. In a report submitted to the Pakistani government, the IMF highlighted significant weaknesses in Pakistan’s trade performance. Key issues identified include restrictions on payments, obstacles in imports,…
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Finance minister briefs Fitch Ratings on Pakistan’s IMF agreement, economic reforms | The Express Tribune
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[ad_1] On Monday, Finance Minister Muhammad Aurangzeb updated Fitch Ratings representatives about Pakistan’s recent Staff-Level Agreement (SLA) with the International Monetary Fund (IMF) and outlined various measures aimed at bolstering the economy. The briefing, conducted via Zoom, underscored the positive effects of the nine-month Stand By Agreement with the IMF on Pakistan’s macroeconomic health. Earlier…
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IMF forecasts 3.5% growth for Pakistan in FY25, slightly below govt’s target | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has forecasted that Pakistan’s economy will grow by 3.5% in the fiscal year 2024-25 (FY25). This projection falls slightly below the Pakistani government’s target of 3.6%, which was announced in the latest budget, and comes amidst a backdrop of sluggish global economic activity. According to Pakistan’s economic survey,…
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Moody’s warns of liquidity risks for Pakistan despite IMF agreement
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[ad_1] Signage is seen outside the Moody’s Corporation headquarters in Manhattan, New York, US, November 12, 2021. — Reuters Moody’s Ratings said on Tuesday that the new International Monetary Fund (IMF) deal will open financing avenues for Pakistan, but liquidity risks remain if the reforms are not implemented stringently and failure to do so could…
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IMF agreement boosts Pakistan’s funding prospects: Moody’s | The Express Tribune
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[ad_1] PAKISTAN: Global rating agency Moody’s on Tuesday said that Pakistan’s staff-level agreement with the International Monetary Fund (IMF) has improved the funding prospects, but the ability to sustain reforms is key to easing liquidity risks. In a press release, Moody’s stresses that Pakistan’s success depends on its ability to sustain key reforms to mitigate liquidity…
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PSX hits fresh peak on IMF deal | The Express Tribune
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[ad_1] Pakistan Stock Exchange (PSX) skyrocketed to an all-time high on Monday in a robust rally driven primarily by Pakistan’s agreement with the International Monetary Fund (IMF) on a $7 billion Extended Fund Facility (EFF) at the weekend as well as the ongoing earnings season. The day commenced with a spike in the KSE-100 index,…
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IMF deal boosts PSX to historic peak
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[ad_1] Stock brokers watch share prices during a trading session at the Pakistan Stock Exchange (PSX) in the Provincial Capital on February 13, 2024. — Online KARACHI: Bulls took charge of the Pakistan Stock Exchange (PSX) on Monday after the market gained new heights by gaining more than 1,000 points due to the new $7…
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Unpacking new IMF deal’s consequences | The Express Tribune
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[ad_1] ISLAMABAD: The negotiations with the International Monetary Fund (IMF) resemble a new season of a spy, suspense thriller, or horror movie, becoming more complex with each passing season. However, the IMF has created an illusion that it is a champion of reforms and works to revive economies. Unfortunately, Pakistan’s elite and liberal scholars have…
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$7 billion IMF deal laced with harsh strings | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and the International Monetary Fund have reached a staff level agreement for a $7 billion Extended Fund Facility programme -in a deal that in short-term inflicts heavy burden on the nation but also ends decades-old protections to agriculturists and exporters. The global lender announced the over three-year 24th programme deal only after…
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IMF deal boosts capital markets | The Express Tribune
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[ad_1] KARACHI: Pakistan’s capital markets are poised to celebrate an unexpected early win with the staff-level agreement on a $7 billion extended fund facility (EFF) with the International Monetary Fund (IMF). This 37-month agreement is expected to propel the stock market beyond the recent record high of over 81,000 points on Monday, while the rupee…
