The IMF has raised concerns over Pakistan's declining electricity demand due to rising solar panel installations and surplus imported gas caused by weak economic demand. During talks on Pakistan's USD 7 billion bailout, the IMF highlighted the need for better strategies to manage these chall
According to the IMF, Pakistan's external financing requirements are projected to reach USD 62.6 billion over the next three years under the Extended Fund Facility (EFF) program. This amount is expected to further increase to USD 110.5 billion over a five-year period, from 2024-2025 to 2028-
This decision was ratified on Sunday during a special session of the Economic Coordination Committee (ECC), chaired by Finance Minister Muhammad Aurangzeb, as part of measures to fulfill obligations under a three-year IMF loan program.
The party, making a sharp attack at the Pakistan Muslim League-Nawaz (PML-N)-led government, termed the Finance Bill 2025 presented by it in the National Assembly as a "poisonous budget" and a "bundle of contradictions", according to Geo News.
Amid rising inflation and debt, the Pakistani economy continues to be majorly dependent upon relief packages from international lending organizations like the IMF.
In a statement, the IMF disclosed that discussions with Pakistani authorities were successfully concluded on Thursday, marking the culmination of deliberations initiated by an IMF team led by mission chief Nathan Porter upon their arrival in Pakistan on May 13.
An International Monetary Fund (IMF) mission is set to visit Pakistan this month regarding a new loan program and to discuss policies and reforms, reported Samaa TV.
This latest funding marks the third and final installment of a USD 3 billion standby arrangement with the IMF, crucial for Pakistan to stave off a sovereign default, particularly as the existing arrangement is set to expire this month.
A delegation from Pakistan, headed by Finance Minister Muhammad Aurangzeb, has arrived in Washington, D.C., to take part in the World Bank and International Monetary Fund's spring meetings, ARY News reported on Monday.
The country is expected to seek a fresh IMF bailout package of over USD 8 billion with the possibility of augmentation through climate finance on the occasion of upcoming spring meetings of Breton Wood Institutions, known as the IMF/World Bank, scheduled to be held in Washington, DC, from Ap
Amid the economic crisis, Pakistan Prime Minister Shehbaz Sharif vowed to get his country out of foreign debt, declaring that the country would get rid of the International Monetary Fund (IMF), Geo News reported.