Ahead of the economic meltdown in Pakistan, International Monetary Fund's Mission Chief to Pakistan, Nathan Porter has said that discussions with Pakistani authorities are underway "with the aim of quickly reaching an agreement on financial support from the IMF", reported Geo TV.
Pakistan Tehreek-e-Insaf (PTI) Vice Chairman Shah Mahmood Qureshi demanded the resignation of Federal Finance Minister Ishaq Dar on Sunday quoting that all distinguished economists and the International Monetary Fund (IMF) rejected his budget which was proposed on June 9, The Express Tribune
"Pakistan and IMF had detailed negotiations for the last three days as a last effort to complete the pending review," Finance Minister Ishaq Dar said on Saturday.
According to analysts, Pakistan's attempt to resolve the foreign exchange crisis by importing energy from Iran could be in danger since a militant attack near their border has thrown future deals into doubt, reported Nikkei Asia.
Pakistan established a Cabinet Committee on Inter-Governmental Commercial Transactions on Monday to negotiate the commercial agreement of handing over its Karachi Port Terminals (KPT) to the United Arab Emirates (UAE), as the country struggles with record inflation, fiscal imbalances, and lo
On Sunday, a ship docked at the port of Karachi with the equivalent of around 3,30,000 barrels of Russian crude oil. Next week, a different vessel with a little bit more oil is anticipated. Shehbaz Sharif, the prime minister of Pakistan, referred to the imports as transformative for the nati
As the ninth review under the Extended Fund Facility (EFF) programme still remain pending, the International Monetary Fund (IMF) Executive Board has issued meetings scheduled till June 29 without Pakistan.
Pakistan is trying to obtain USD 3-4 billion from friendly countries in case its deal with the International Monetary Fund does not get through, The News International reported.
Pakistan Finance Minister Ishaq Dar on Thursday said that Pakistan and International Monetary Fund (IMF) are underway and the talks have not failed nor the negotiation phase has concluded, reported ARY News.