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IMF packages, foreign bailouts will not suffice to keep Pak economy afloat
Updated : 2 years, 7 months ago IST
Pakistan's economic blindspot continues to be the fact that no amount of IMF bailouts or foreign bailouts will be enough to keep the economy afloat without the nation undertaking a comprehensive structural makeover.
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Despite IMF's bailout, Pakistan still in economic crisis
Updated : 2 years, 8 months ago IST
After the International Monetary Fund (IMF) approved a 9-month stand-by-arrangement (SBA) of USD 3 billion, Pakistan has received sight of relief but it needs to realise that the country has to do everything to increase tax revenue so that it can come out of the economic crisis.
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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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Pakistan, IMF reach Staff-level Agreement on USD 3 billion 'stand-by arran
Updated : 2 years, 9 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 govt considering to increase levy on petrol, diesel: Report
Updated : 2 years, 9 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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Pakistan: Talks in progress to 'quickly reach agreement on financial suppo
Updated : 2 years, 9 months ago IST
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.
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Pakistan aims to generate PKR 215 billion in new taxes to help seal IMF de
Updated : 2 years, 9 months ago IST
"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.
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IMF asks Pakistan to revise budget as deadline looms: Report
Updated : 2 years, 9 months ago IST
The Fund added that without changes in the budget, the staff-level agreement with the IMF cannot be achieved.
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Pakistan: IMF executive meeting scheduled without Pakistan
Updated : 2 years, 9 months ago IST
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.
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Pakistan: Efforts on to obtain USD 3-4 bn from friendly countries in case
Updated : 2 years, 9 months ago IST
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.
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Pakistan-IMF talks are underway, not concluded yet, says Finance Minister
Updated : 2 years, 9 months ago IST
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.
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Time is running out for Pakistan to convince IMF to release loan
Updated : 2 years, 9 months ago IST
Time is running out for Pakistan to convince the International Monetary Fund to release USD 2.2 billion from its bailout programme before June 30.
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