Pakistan misses IMF agenda for $7bln loan Efforts have intensified to roll over $12 billion in loans owed to Saudi Arabia, China, and the UAE. ISLAMABAD ( WEB NEWS ) Pakistan’s eagerly awaited $7 billion bailout package is not on the International Monetary Fund (IMF) executive board’s agenda until SeptemberRead More →
The Country is going towards a big programme with the IMF: Finance Minister Muhammad Aurangzeb Says govt would continue engagement for microeconomic stability with the IMF KARACHI ( Web News ) Finance Minister Muhammad Aurangzeb has said that the country is going towards a big programme with the International MonetaryRead More →
Current financial year will be difficult, IMF program is inevitable, Mohammad Aurangzeb Pakistan will soon make a formal request to the IMF for important talks Staff-level negotiations are expected to begin this week There will be no discussion or waste of time, only determination to execute with determination, Federal FinanceRead More →
Agreement between the government and the IMF on the initial outline of the federal budget 2024-25 FBR’s tax revenue target will be increased from Rs 9415 billion to Rs 1100 billion ISLAMABAD ( WEB NEWS ) Pakistan’s economic watchdog team and the International Monetary Fund (IMF) have reached a consensusRead More →
An increase in the price of electricity in Pakistan by around 1300 billion rupees is inevitable according to IMF estimates The government of Pakistan should increase revenue and cover the losses of the power sector or shift the burden to the public IMF has approved new conditions for the secondRead More →
IMF Signs A Staff Level Agreement With Pakistan, Asking For ‘Do A Lot More’ Including Free Float Of Dollar Pakistani Officials Will Refrain From Administrative Actions To Influence The Rupee Value ISLAMABAD ( Web News ) An International Monetary Fund (IMF) team, led by Nathan Porter, visited Islamabad from NovemberRead More →
Capacity to implement & follow through on reforms committed to IMF is crucial: Dr. Vaqar Ahmed Reaffirms SDPI & National Network of Economic Think-Tanks’s support for economic reforms agenda to the upcoming govt, public & private sector We should address cross-border smuggling, monetary policy changes to develop resilience against dollar.Read More →
WASHINGTON (Web News ) The United States has assured the Pakistan government of support to overcome economic crisis. US Principal Deputy Assistant Secretary of State for South and Central Asia Elizabeth Horst told media in capital Washington D.C. that the arrangements with the International Monetary Fund (IMF) would give PakistanRead More →
Ishaq Dar further updates Chinese Charge de Affairs Ms. Pang Chunxue about progress on talks with IMF on completion of 9th review Ms. Pang Chunxue assures of continuous support from Chinese Govt to the people of Pakistan ISLAMABAD ( Web News ) Ms. Pang Chunxue, Charge’d Affairs, Embassy of theRead More →
Ishaq Dar says Pakistan would not default, even if a stalled loan programme with IMF was not revived Says govt has ensured all the external payments till December Says ‘rumours’ about Pakistan defaulting on its debt obligations should not be spread ISLAMABAD ( Web News ) Minister for Finance andRead More →
Pakistan had ‘no choice’ but to accept all strict conditions laid forth by IMF to secure a much-awaited bailout tranche: PM Shehbaz Expresses his gratitude to Saudi Arabia & the UAE for showing what brotherhood actually is. Prays that the country of 220 million gets rid of these shackles ofRead More →
Ishaq Dar assures Pakistan to close deal with IMF to revive economy ISLAMABAD ( Web News ) The friendly countries are expected to materialize their commitments with Pakistan that would pave the way to close the deal with the IMF and revive the economy. This was said by Muhammad IshaqRead More →