IMF
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PSX cheers IMF loan, UAE investment | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) enjoyed a bullish week and ended at a record high just short of 76,000 points as investor interest was bolstered by several positive triggers including loan talks with the International Monetary Fund (IMF), pre-budget speculation and assurances of massive investments by the United Arab Emirates (UAE). The market’s bull-run…
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‘Significant progress’ achieved in Pakistan loan talks: IMF
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[ad_1] The International Monetary Fund’s (IMF) building in Washington, United States. — AFP/File In its talks held between May 13 to 23 with the Pakistan, the International Monetary Fund (IMF) Thursday said “significant progress” has been achieved with regards to reaching a staff-level agreement for an extended fund facility. Led by IMF’s Mission Chief to Pakistan,…
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Solar power tariff: Minister says IMF didn’t set condition for gross metering
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[ad_1] A man wipes the dust off solar panels he recently installed on the roof of his home in Larkana, in Pakistan’s Sindh province, June 28, 2017. — Reuters Amid panic in solar panels market, Federal Minister Awais Khan Leghari Tuesday demystified the controversy around net metering for consumers using solar power. “Unfortunately, an unwarranted…
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IMF mission chief to lead bailout talks with Pakistan next week
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[ad_1] IMF’s Resident Representative for Pakistan Esther Perez Ruiz. — Reporter ISLAMABAD: A senior official of the International Monetary Fund’s (IMF) Sunday confirmed that a team of the Washington-based lender will reach Pakistan next week to hold talks with Islamabad over bailout package. As per IMF’s Resident Representative for Pakistan Esther Perez Ruiz, a team led…
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Downside risks for Pakistan remain exceptionally high: IMF | The Express Tribune
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[ad_1] Downside risks for the economy remain exceptionally high, the International Monetary Fund (IMF) said on Friday, in its staff report, ahead of government talks with the fund on a longer-term programme. An International Monetary Fund mission is expected to visit Pakistan this month to discuss a new programme, ahead of Islamabad beginning its annual…
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IMF support team in Pakistan to discuss next bailout package
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[ad_1] This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. — AFP ISLAMABAD: A mission of the International Monetary Fund (IMF) has landed in Pakistan to discuss a new programme ahead of the country’s annual budget for the next financial year. A support team…
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SBP forex reserves reach over $9bn fuelled by fresh IMF tranche
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[ad_1] An undated image of a currency dealer holding a stack of $100 notes. — AFP/File KARACHI: After a recent inflow of $1.1 billion from the International Monetary Fund (IMF), the State Bank of Pakistan’s (SBP) foreign exchange reserves have risen to over $9 billion. The SBP issued a statement on Thursday on the current…
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Forex reserves get major boost as Pakistan receives $1.1bn IMF tranche
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[ad_1] A currency dealer counts US dollar notes at an exchange in Karachi on May 19, 2022. — AFP/File Pakistan’s foreign exchange reserves got a major boost as the State Bank of Pakistan (SBP) on Tuesday confirmed receiving $1.1 billion from the International Monetary Fund (IMF) a day after the global lender approved the last…
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Pakistan ‘gets’ IMF board’s nod for final $1.1 billion tranche
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[ad_1] IMF headquarters in Washington, US. — AFP/File ISLAMABAD: In a most sought-after development, the International Monetary Fund (IMF) has okayed the third and final tranche of a $1.1 billion loan for Pakistan under the $3 billion Stand-By Arrangement (SBA), sources told Geo News on Monday. According to the Ministry of Finance sources, the IMF…
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IMF board likely to take up Pakistan’s case for release of last tranche
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[ad_1] This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. — AFP ISLAMABAD: The International Monetary Fund (IMF) Executive Board meeting is expected to discuss Pakistan’s request to release the $1.1 billion last tranche of the Stand-by Arrangement (SBA) today, Geo News reported citing…
