Search For "international monetary fund"
Pakistan plays 'flag war' despite country’s critical financial situation
Updated : 2 years, 8 months ago IST
Pakistan has been busy playing 'flag war' despite the critical financial status of the country and has decided to keep PKR 40 crore aside for a flag-raising ceremony in Lahore.
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Pakistan: Power consumers to pay more from July as govt increases peak hou
Updated : 2 years, 8 months ago IST
In a bid to meet the conditions of the International Monetary Fund (IMF), the Pak government has decided to increase the duration of electricity's peak hours, burning a hole in the pockets of power consumers, reported Daily Pakistan.
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Pakistan lost USD 8.3 bn in remittances, exports in FY-2023
Updated : 2 years, 8 months ago IST
Pakistan incurred a huge USD 8.3 billion loss in remittances and exports during the previous fiscal year as the Pakistan Muslim League-Nawaz (PML-N)-led coalition government chose to appease the International Monetary Fund (IMF) for a USD 1.2 billion tranche, according to Dawn.
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IMF expresses concerns over Pakistan's poor track record
Updated : 2 years, 8 months ago IST
The IMF Executive Director Bahador Bijani on behalf of the board has conveyed the message to Pakistan's Finance Minister Ishaq Dar through a virtual contact on Thursday.
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Nine reasons why one of the World’s biggest money management group thinks
Updated : 2 years, 8 months ago IST
Prime Minister Narendra Modi's recent visit to the United States shows India’s significance as a rising global power, where he addressed Congress, met with high-profile business leaders and dined at the White House, reported Capital Group.
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IMF gives approval for USD 3 billion stand-by arrangement for Pakistan
Updated : 2 years, 8 months ago IST
The IMF's announcement on Wednesday came after Pakistan Finance Minister Ishaq Dar said that Pakistan received USD 1 billion from the UAE as part of its financial commitment to help Pakistan receive the IMF bailout package.
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Pakistan secures IMF bailout through US assistance: Report
Updated : 2 years, 8 months ago IST
Although, Pakistan was able to secure a bailout from the International Monetary Fund (IMD), it was after the key "behind-the-scenes" role played by United States, that the deal was secured.
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PM Shehbaz Sharif hopeful of current IMF programme being Pakistan's last
Updated : 2 years, 8 months ago IST
On Friday, Information Minister Marriyum Aurangzeb announced that the premier and the finance minister would address the public today to "inspire confidence" in the IMF deal
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Pakistan, IMF reach Staff-level Agreement on USD 3 billion 'stand-by arran
Updated : 2 years, 8 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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World Bank issues USD 1.5 billion loan to Ukraine
Updated : 2 years, 8 months ago IST
The World Bank's press service said on Friday that the board of directors of the International Monetary Fund approved a USD 1.5 billion loan to Ukraine, reported the Russian News Agency TASS.
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IMF deal expected in next 24 hours: Pakistan Finance Minister Ishaq Dar
Updated : 2 years, 8 months ago IST
The Pakistan government is racing against time to unlock at least USD 1.1 billion under the lender's ninth review of a USD 6.5-billion Extended Fund Facility agreed in 2019. The programme expires on Friday.
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Pakistan govt considering to increase levy on petrol, diesel: Report
Updated : 2 years, 8 months ago IST
Pakistan government is mulling raising the Petroleum Development Levy (PDL) on petrol and diesel from Pakistani Rupees (PKR) 50 to PKR 55 per litre with effect from July 1, 2023, Pakistan-based The News International reported.
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