WASHINGTON: IMF, while lamenting limited access to data has stated: “The effectiveness of the politically exposed persons’ identification remains uneven across sectors due to limited access to comprehensive data, absence of automated screening tools in smaller institutions, and a lack of corruption-specific red flag indicators that would help detect misuse of public office, stated the […]
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KARACHI: Under the Extended Fund Facility Program, IMF has released the second tranche of $1,023 million which was received by the SBP and reflect in the bank’s Forex reserves from 16th May. Taking to the X SBP informed: “The amount will be reflected in SBP’s foreign exchange reserves for the week ending on 16th May […]
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ISLAMABAD: Pakistan will be getting $1 billion second loan tranche under the EFF while the $1.3 billion will be given in the next 28 months. With the approval of the $1 billion second tranche the total disbursements under the EFF will be $2.1 billion. Newspakistan.tv
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NEW DELHI: India, raising concerns with International Monitory Fund (IMF), has asked the Fund to review its loans to Pakistan. US Vice President JD Vance, commenting on the escalating tensions, said on 1st May that Washington hoped that the assailants (who killed 26 tourists in IOK’s area of Pahalgam) would be brought to book with […]
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ISLAMABAD: Mission head Nathan Porter, following talks with the authorities here, stated that IMF held constructive talks with Pakistan and pondered over means to reduce vulnerabilities. The lender and Pakistan agreed to continue prudent fiscal and monetary policies, revenue mobilisation from untapped tax bases, while transferring greater social and development responsibilities to provinces. IMF stated […]
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ISLAMABAD: IMF Mission Chief to Pakistan Nathan Porter heading a delegation met the Finance Minister Muhammad Aurangzeb here on Tuesday (12th November, 2024). In the premature rendezvous aimed at averting any risk to the $7 billion bailout, Fin Min was accompanied by Minister of State for Finance Ali Pervez Malik, Governor State Bank, Chairman FBR […]
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ISLAMABAD: Under the IMF’s recommendations, the outsourcing of International Airport here was the first such PPP project, which allegedly was handed over to a favoured foreign consortium. Those who were sidelined lamented that they were not allowed to submit the documents. Newspakistan.tv
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KARACHI: The State Bank of Pakistan (SBP), while acknowledging the receipt of $1.03 billion IMF tranche on Friday (27th Sept, 2024) told the Media that the amount would be reflected in SBP liquid reserves to be released on Thursday (3rd day of October, 2024). IMF has approved $ 7 billion EFF (on 25th Sept, 2024) […]
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WASHINGTON: Following IMF’s approval of $ 7 billion EFF (on 25th Sept, 2024), at an interest rate of less than 5%, Pakistan will be getting the first tranche of $1.1 billion by Friday (27th Sept). Commenting on the 3-year-program, MD of IMF Kristalina Georgieva stated: “We do have good news. We have completed the review […]
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IMF has confirmed on Thursday that its Board would discuss the $7 billion EFF to Pakistan on Wednesday (25th September, 2024). IMF spokesperson Julie Kozack said that the Fund had reached a staff-level agreement with Pakistan on the EFF in July. It is pertinent to mention here that Pakistan was expecting the 37-month deal in […]
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