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Miftah claims IMF ‘not interested’ in releasing loan tranche to Pakistan
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[ad_1] An undated image of former finance minister and Pakistan Muslim League-Nawaz (PML-N) leader Miftah Ismail. — Twitter/@PMLN_org Amid rising tensions regarding the revival of the International Monetary Fund (IMF) programme, former finance minister Miftah Ismail on Wednesday said that the…
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‘Substantial progress’ by Pakistan toward loan programme: IMF | The Express Tribune
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[ad_1] The International Monetary Fund (IMF) said that Pakistan has made “substantial progress” toward meeting policy commitments needed to unlock loans the country needs to avoid default, Bloomberg News reported on Monday. The international lender said Pakistan has a few…
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IMF loan: PM Shehbaz warns of ‘more burden’ on people
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[ad_1] Prime Minister Shehbaz Sharif during an interview on Geo News’ programme “Capital Talk” in Islamabad, on March 14, 2023, in this still taken from a video. — YouTube/GeoNews Prime Minister Shehbaz Sharif said Tuesday that he saw “more burden”…
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SBP-held reserves increase after loan from Chinese bank
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[ad_1] $100 notes can be seen in this undated image. — AFP/File The State Bank of Pakistan (SBP)-held forex reserves moved above $4 billion after the liquidity-challenged country received $500 million in loan from a Chinese bank. In a statement,…
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Power subsidies to agriculture withdrawn to win IMF loan
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[ad_1] Farmers busy in loading green fodder on a trolley at Phandu area, Peshawar, on January 10, 2023. — APP The coalition government on Wednesday revoked the power subsidy given to agriculture consumers — under the Kissan Package announced in…
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Finance Bill 2023 tabled in NA as govt scrambles to secure IMF loan
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[ad_1] Finance Minister Ishaq Dar Wednesday tabled the Finance Bill 2023 — or the “mini-budget” — in the National Assembly as the government seeks to meet the preconditions for unlocking the $1.1 billion International Monetary Fund (IMF) loan. Running against…
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WB rejects ‘unfounded’ reports of delay in loan for Pakistan | The Express Tribune
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[ad_1] World Bank Country Director for Pakistan Najy Benhassine on Thursday rejected reports of a delay in loan approval for Pakistan. Taking to Twitter, Benhassine said that press reports about a World Bank decision to delay approval of potential Bank…
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Reports on delay of World Bank’s loan approval ‘unfounded’
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[ad_1] An undated image of World Bank Headquarters in Washington DC. — AFP The World Bank on Thursday termed the media reports on delaying approval of loans for Pakistan as “unfounded”. “The press reports that refer to a World Bank…
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Pakistan gets lifeline rollover of $2bn loan from UAE
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[ad_1] Finance Minister Ishaq Dar photographed on January 4, 2023. PID Finance Minister Ishaq Dar said the United Arab Emirates (UAE) rolled over its $2 billion loan to Pakistan – a move that the cash-deprived country needs direly to make…
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UAE agrees to rollover existing $2bn loan, lend $1bn more to Pakistan
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[ad_1] Prime Minister Shehbaz Sharif meets UAE President Sheikh Mohamed bin Zayed in Abu Dhabi. — APP ABU DHABI: Prime Minister Shehbaz Sharif on Thursday met UAE President Sheikh Mohamed bin Zayed Al Nahyan wherein the latter agreed to rollover…
