Search For "imf pakistan"
Pakistan, IMF reach Staff-level Agreement on USD 3 billion 'stand-by arran
Updated : 2 years, 10 months ago IST
"I am pleased to announce that the IMF team has reached a staff-level agreement with the Pakistani authorities on a nine-month Stand-by Arrangement (SBA) in the amount of SDR2,250 million (about $3 billion or 111 per cent of Pakistan's IMF quota). The new SBA builds on the authorities' ef
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Pakistan finance minister hints at 'Plan B' as IMF loan remains locked
Updated : 2 years, 11 months ago IST
While addressing the post-budget news conference, Dar ruled out any talks about restructuring external debt with multilateral agencies or Paris Club.
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IMF asks Pakistan to follow Constitution to resolve political disputes
Updated : 2 years, 11 months ago IST
The discussion between Shehbaz and Georgieva took place on Saturday after the finance ministry could not break the deadlock over the loan talks during the past four months, The Express Tribune wrote quoting sources. Two days after the highest-level contact was established between Shehbaz
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Spectre of potential default looms large over Pakistan's economy: Report
Updated : 3 years ago IST
The consequences of a default for Pakistan's economy would be dire with hyperinflation, devaluation of the Pakistani rupee, a near-halt in imports, the closure of more factories, an increase in unemployment and political and social unrest.
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IMF's staff-level agreement with Pakistan looks dicey: Report
Updated : 3 years ago IST
Amidst very high inflation and extremely low forex reserves, the International Monetary Fund (IMF) bailout plan for Pakistan looks dicey, unless the country makes a strong case for debt sustainability, reported Daily Times.
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Imran Khan cautions lawyers against Pak govt's attempt to divide judiciary
Updated : 3 years, 1 month ago IST
Hours after Pakistan's Law Minister Azam Nazeer Tarar tabled the Supreme Court (Practice and Procedure) Bill, 2023 aimed to limit the discretionary powers to take suo motu notice by the chief justice of Pakistan, Former Pakistan Prime Minister Imran Khan has urged lawyers to be united for th
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IMF's 'Pakistan' dilemma in lending: Report
Updated : 3 years, 2 months ago IST
Pakistan has implemented a series of policy measures, including higher taxes, higher energy prices, and raising interest rates to their highest level in 25 years in order to unlock funding from the IMF's stalled USD 6.5 billion lending programme
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Desperate for bailout, Pakistan to seek US help for staff-level agreement
Updated : 3 years, 2 months ago IST
Following the delay in the staff-level agreement with the International Monetary Fund (IMF), Pakistan has decided to seek US help for the revival of the stalled loan programme, ARY News reported, citing sources. Sources within the Finance Ministry familiar with the development said that the
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Cash-strapped Pakistan receives funds worth USD 700 million from China Dev
Updated : 3 years, 2 months ago IST
Dar took to his Twitter to make the announcement. He wrote: "AlhamdoLilah! Funds USD 700 million received today by State Bank of Pakistan from China Development Bank".
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Pak govt putting up brave face amid deadlock over IMF bailout: Report
Updated : 3 years, 3 months ago IST
According to Dawn, a clear roadmap on external financing and domestic budgetary steps, coupled with substantial energy cost adjustments, should have led to sharing of a draft Memorandum of Economic and Fiscal Policies (MEFP) by the visiting IMF mission wit the authorities at least a day b
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Pakistan's virtual talks with IMF likely from next week
Updated : 3 years, 4 months ago IST
Amid a reeling economic crisis and falling foreign exchange reserves, virtual talks between Pakistan and International Monetary Fund (IMF) are likely to commence next week, Geo News reported.
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IMF delegation to meet Pak Finance Minister to discuss outstanding issues
Updated : 3 years, 4 months ago IST
An International Monetary Fund (IMF) delegation will meet Pakistan Finance Minister Ishaq Dar on the sidelines of the upcoming Geneva conference on Climate Resilient Pakistan on January 9. The IMF delegation will discuss outstanding issues with Dar, an IMF spokesperson said on Sunday, Pakist
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