New Delhi: The International Monetary Fund (IMF) and the World Bank (WB) should not drift away from their core competencies, as their decisions impact the global monetary systems, finance minister Nirmala Sitharaman warned on Wednesday. Speaking at a discussion on “Bretton Woods Institutions at 80: Priorities for the Next Decade,” held on the sidelines of […]
Pakistani delegation comprising Secretary Finance Imdad Ullah Bosal and Governor State Bank of Pakistan Jameel Ahmed met with the Deputy Managing Director of the IMF Kenji Okamura in Washington DC. The Pakistan delegation highlighted measures to expand fiscal space by broadening the tax base, aligning the provincial Agriculture Income Tax regime with the federal income […]
The International Monetary Fund (IMF) has identified corruption, bureaucratic red tape, and a weak business environment as the primary challenges hindering Pakistan’s development. In response, the government has assured the IMF of taking firm steps to address these issues, including greater transparency and accountability in the public sector. The government has also assured the IMF […]
Pakistan’s foreign exchange reserves have surged to cover two months’ worth of imports after the arrival of the first tranche from the International Monetary Fund’s (IMF) 37-month loan deal under the $7 billion Extended Fund Facility (EFF), Governor State Bank of Pakistan (SBP) Jameel Ahmed said on Wednesday. In much-needed support for the country’s fiscally-challenged […]
The International Monetary Fund (IMF) has projected an improvement in Pakistan’s economic outlook following the approval of a $7 billion loan package. In its latest report, the IMF predicted an acceleration in economic growth, a reduction in inflation, and a decrease in unemployment. However, the Fund emphasized that despite these improvements, Pakistan’s economy faces significant […]
State Bank of Pakistan (SBP) on Friday received the first tranche of SDR 760 million (equivalent to $1.0269 billion) from the International Monetary Fund (IMF) under the $7 billion Extended Fund Facility (EFF). The IMF Executive Board approved a 37-month programme on Wednesday. These inflows will be reflected in SBP liquid reserves to be released […]
The Pakistan Stock Exchange (PSX) surged to an all-time high on Thursday, driven by positive market sentiment following the approval of the International Monetary Fund (IMF) loan program. The market continued its upward momentum, with the index hitting a peak of 83,000 points at one stage. This marks the highest point the stock market has […]
The International Monetary Fund’s (IMF) Executive Board on Wednesday approved a $7 billion Extended Fund Facility (EFF) for Pakistan, which Prime Minister Shehbaz Sharif hopes would be the country’s last. Pakistan and the IMF reached an agreement on the 37-month loan programme in July this year. The breakthrough was achieved in the aftermath of getting […]
The Executive Board of the International Monetary Fund (IMF) will convene today in Washington to approve a critical $7 billion loan package for Pakistan, aiming to stabilize the country’s fragile economy. This new bailout program, spanning 37 months, marks Pakistan’s 24th IMF assistance package. With its approval, Pakistan will also be eligible to receive funds […]
