IMF

Pakistan and IMF reach staff-level agreement on 37-month EFF of $7b

Sana MehmoodJuly 13, 2024

ISLAMABAD: Pakistan and IMF have reached a staff level agreement (subject to approval by IMF Executive Board) Saturday (13th July, 2024) on 37-month Extended Fund Facility (EFF) Programme of $7 billion. Taking to the Twitter IMF stated: “IMF staff have reached a Staff-Level Agreement with Pakistan on a 37-month Extended Fund Facility of about US$7 […]

NA approves budget 2024-25 ahead of IMF talks

Sana MehmoodJune 28, 2024

ISLAMABAD: With certain amendments, the NA has passed the tax-laden budget 2024-25 (having a total outlay of Rs.18877B outlay) ahead of IMF talks. It has been estimated that the gross revenue receipts will be Rs.17815B; in the finance bill the growth rate has been expected to be 3.6% whereas, inflation is expected to be 12%; […]

IMF: SBP receives the final $1.1B Tranche

Sana MehmoodApril 30, 2024

KARACHI: SBP has confirmed on Tuesday (30th April, 2024) receiving the last tranche of $1.1 billion from IMF under the Stand-By Arrangement (SBA). According to SBP the Executive Board of IMF had completed the second review under the SBA in its meeting on 29th April 2024 and approved disbursement of US$1.1billion that would augment the […]

PM tells IMF Chief govt committed to revive economy

News DeskApril 28, 2024

RIYADH: Prime Minister Shehbaz Sharif on Sunday met with Managing Director (MD) of the International Monetary Fund (IMF) Kristalina Georgieva wherein he reiterated his government’s commitment to put Pakistan’s economy back on track. In the meeting held on the sidelines of the World Economic Forum Special Meeting here, the prime minister said that he had […]

Pakistan requesting new loan program from IMF: FM

Sana MehmoodApril 20, 2024

WASHINGTON DC: Talking to TRT World, Finance Minister (FM) Muhammad Aurangzeb has confirmed that discussions were underway with IMF in order to procure a larger/longer loan program. While speaking at a roundtable meeting with Bloomberg team here, the FM said that Pakistani Rupee would not devalue due to solid reserves and augmenting volume of exports. […]

Pakistan, IMF reach staff-level agreement

News DeskMarch 20, 2024

ISLAMABAD: IMF and Pakistan have reached a staff level agreement on the second and final review during meetings between Pakistani authorities and the IMF team led by Nathan Porter here on Wednesday (20th of March, 2024). Pakistan will receive 1.1 billion dollars after approval from the IMF’s Executive Board. In his statement following talks, Nathan […]

IInd review under IMF’s Stand by Arrangement (SBA)

News DeskMarch 15, 2024

ISLAMABAD: An International Monetary Fund(IMF) mission on Thursday called on Federal Minister of Finance and Revenue, Muhammad Aurangzeb in the Ministry of Finance. The IMF mission is in Pakistan to conduct the second review of the Stand by Arrangement (SBA). Muhammad Aurangzeb welcomed the mission and expressed the government’s commitment towards working with IMF on […]

US urges Pak Govt to prioritize economy

News DeskFebruary 29, 2024

MANHATTAN: The United States supports Pakistan’s efforts to “break free” from the vicious cycle of debt and financing, a State Department Spokesman has said, urging the new government to continue working with the International Monetary Fund (IMF) and other global financial institutions. “Pakistan’s new government must immediately prioritize the economic situation because the policies over […]

Reuters says Imran Khan has sent the ‘letter’ to IMF

Sana MehmoodFebruary 28, 2024

KARACHI: Reuters, while saying on Wednesday (28th Feb, 2024) that IMF has not received the letter sent to it by Imran Khan yet, has stated (citing two senior sources in the party) that the incarcerated PTI Chief – by means of the said correspondence – has asked the Fund to factor in the country’s political […]

IMF rejects IK letter, ready to engage with new govt

Sana MehmoodFebruary 23, 2024

WASHINGTON: Rejecting IK’s correspondence apropos stoppage of loan to Pakistan and initiating an independent audit of the 8th Feb polls, IMF stated that it was looking forward to engaging with the new set up on policies to ensure macroeconomic stability and prosperity for all the citoyens. WASHINGTON: Julie Kozack, the head of the Communications Department […]