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9th review of Pakistan for USD 7 billion Extended Fund Facility kicks off
Updated : 3 years, 1 month ago IST
The discussion will revolve around Pakistan's plan for taking additional taxation measures to fetch over Rs 200 billion through a presidential ordinance, rationalizing expenditure, and hiking both electricity and gas tariffs for erasing the monster of the circular debt.
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IMF team arrives Pakistan to discuss ninth review
Updated : 3 years, 1 month ago IST
According to a Pakistani television broadcast citing the sources, Pakistan and the IMF, who arrived today, will hold technical talks for the first four days, wherein economic data from different departments will be reviewed.
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IMF delegation to visit Pakistan next week for talks on 9th review: offici
Updated : 3 years, 1 month ago IST
According to the statement released by the IMF, the international fund organization Resident Representative for Pakistan Esther Perez Ruiz said: "At the request of the authorities, an in-person Fund mission is scheduled to visit Islamabad [from] January 31 - February 9 to continue the dis
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International Monetary Fund demands more details on Pakistan's budget
Updated : 3 years, 1 month ago IST
A government official said that the remaining loan repayment requirements and external financing of managing the current account deficit to the tune of USD 8 to USD 10 billion cannot be raised of the stalled IMF programme.
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IMF asks Pakistan to meet demands within three weeks to revive loan progra
Updated : 3 years, 2 months ago IST
To pave the way for a staff-level agreement and release of $1 billion tranche under the Extended Fund Facility (EFF), a timeframe of two to three weeks has been given for implementing "all required actions".
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Pakistan seeks increase in budget deficit from IMF
Updated : 3 years, 2 months ago IST
Pakistan is also considering imposing the flood Levy on those higher income brackets who are earning lofty profits in recent years and also said adjuster will be used to hike the budget deficit target envisaged at 4.9 per cent of GDP on eve of the budget for 2022-23.
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Sri Lanka likely to miss IMF deadline: Report
Updated : 3 years, 3 months ago IST
The Sri Lankan newspaper said if the country missed the December IMF deadline, it would have to wait for March 2023 to secure a USD 2.9 billion loan from the IMF in eight equal tranches.
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Sri Lanka: Opposition party vows not to give national assets to redeem loa
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], September 3 (ANI): Sri Lanka's main Opposition party Samagi Jana Balawegaya vowed in the Parliament on Friday that it would not let the government sell their national assets to redeem its loan obligations to China.
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Cash-strapped Pakistan mulls taking another IMF loan as floods wreak havoc
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], September 1 (ANI): As Pakistan struggles to deal with the devastating flood situation, the cash-strapped country is mulling another emergency loan from the International Monetary Fund (IMF), days after it managed to secure the much-needed bailout package to avert an imm
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Debt-ridden Sri Lanka reaches staff level agreement for USD 2.9 million de
Updated : 3 years, 6 months ago IST
Washington [US], September 1 (ANI): International Monetary Fund (IMF) staff and debt-ridden Sri Lankan authorities on Thursday reached a staff-level agreement to support Sri Lanka's economic policies with a 48-month arrangement under the Extended Fund Facility (EFF) of about USD 2.9 billi
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IMF approves revival of Pakistan's EFF programme: Finance Minister Miftah
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], August 30 (ANI): The International Monetary Fund's (IMF) executive board has approved the revival of Pakistan's Extended Fund Facility (EFF) programme, said the country's Finance Minister Miftah Ismail, adding that after this the country will receive the 7th and 8th tra
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IMF delegation to visit Sri Lanka next week
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], August 20 (ANI): A delegation of the International Monetary Fund (IMF) is all set to visit Sri Lanka next week.
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