ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Asia

IMF approves USD 1bn loan tranche for Pakistan

Islamabad [Pakistan], February 3 (ANI): The International Monetary Fund's executive board on Wednesday revived Pakistan's stalled programme and cleared USD 1 billion tranches after Islamabad gave complete autonomy to the country's central bank and took around PKR 800 billion measures, reported local media.

ANI Feb 03, 2022 01:25 IST googleads

Representative image

Islamabad [Pakistan], February 3 (ANI): The International Monetary Fund's executive board on Wednesday revived Pakistan's stalled programme and cleared USD 1 billion tranches after Islamabad gave complete autonomy to the country's central bank and took around PKR 800 billion measures, reported local media.
"I am pleased to announce that the IMF board has approved sixth loan tranche of its programme for Pakistan," Pakistan's Finance Minister Shaukat Tarin said in a tweet on Wednesday.
The IMF's executive board -- that met in Washington -- also waived off few conditions to pave the way for the release of the fourth loan tranche under the sixth review of the USD 6 billion Extended Fund Facility. The government has missed the primary budget deficit reduction target. The programme was suspended since June last year, reported The Express Tribune.
After dragging feet for eight months, the government of Prime Minister Imran Khan signed off all the conditions that it tried to resist first in June and then in October last year, said the Pakistani publication.
The Pakistan government agreed to take Rs800 billion measures through a combination of cut in expenditures and imposition of about Rs500 billion in taxes, including Rs20 per litre fuel tax, to revive the stalled USD 6 billion IMF programme, according to The Express Tribune. (ANI)

Get the App

What to Read Next

Europe

Blasphemy laws in Pakistan target religious minorities: GHRD

Blasphemy laws in Pakistan target religious minorities: GHRD

At the 61st session of the United Nations Human Rights Council, the organisation Global Human Rights Defence (GHRD) raised concerns over the continued misuse of blasphemy laws in Pakistan and their impact on religious minorities.

Read More
Asia

MEA rejects Pakistan’s statement on India-Canada deal

MEA rejects Pakistan’s statement on India-Canada deal

"We reject this statement made by Pakistan on the matter. India's credentials regarding non-proliferation are impeccable and well recognised by the global community. A country with a well-documented history of clandestine nuclear proliferation can hardly preach the virtues of export controls and proliferation risks. Such ludicrous statements are nothing more than an attempt by Pakistan to distract from its own abysmal record," he said.

Read More
Asia

India rejects Pakistan's "baseless allegations"

India rejects Pakistan's

India on Thursday rejected Pakistan's allegations of aggravating skirmishes with Afghanistan, calling them "baseless" and accusing Pakistan of blaming others for its own misdeeds.

Read More
Asia

Policy delays leave Pakistan short of critical medicines

Policy delays leave Pakistan short of critical medicines

Pakistan faces a severe shortage of life-saving medicines, including cancer drugs and vaccines, due to government delays in notifying official prices. While global supply remains stable, regulatory hurdles have stalled legal imports, raising concerns over patient survival and the potential rise of unregulated, counterfeit medicines.

Read More
Asia

Pakistan’s outdated mandi system stifles agricultural innovation

Pakistan’s outdated mandi system stifles agricultural innovation

Pakistan's fruit and vegetable supply remains dominated by traditional middlemen and the "mandi" system, with digital platforms handling only 2-3% of trade. Restrictive provincial laws and lack of infrastructure force farmers into dependency on commission agents, stalling modern technological transformation in the agricultural sector.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.