IMF
IMF warns of lasting damage, long climb out of recession
WASHINGTON: The global economic crisis will not be quite as grim as feared this year, but GDP will still contract 4.4 percent and the damage inflicted by the pandemic will…
Scope of Ehsaas Emergency Cash Program to be expanded: Dr. Nishtar
ISLAMABAD: Special Assistant to the Prime Minister on Social Protection and Poverty Alleviation, Dr. Sania Nishtar Tuesday disclosed that the scope of the historic Ehsaas Emergency Cash Program would be…
Shah Mehmood Qureshi
World viewing Pakistan as ‘solution, not problem’ as India’s narrative successfully countered: FM
ISLAMABAD: Foreign Minister Shah Mehmood Qureshi on Monday said with robust foreign policy and effective counter-propaganda strategy, Pakistan had successfully nullified India’s propaganda on Kashmir and Afghanistan at global platform.…
Mexican economy needs years to recover from virus: IMF
WASHINGTON: Mexico faces a years-long struggle to return to pre-pandemic levels of employment, income and poverty after an expected economic contraction of 9.0 percent in 2020, the IMF warned Tuesday.…
IMF accord needed for economic “certainty”, says Argentine president
BUENOS AIRES: Argentine President Alberto Fernandez on Sunday said reaching an agreement with the International Monetary Fund (IMF) over the country's more than 44 billion U.S. dollars in foreign debt…
Argentina president hopes for IMF deal ‘as soon as possible’
BUENOS AIRES: Argentina President Alberto Fernandez said on Sunday he hoped to reach an agreement with the International Monetary Fund to refinance a $44 billion loan "as soon as possible."…
IMF agrees $6.5 bn loan to fight virus downturn
WASHINGTON: The International Monetary Fund on Wednesday said it had approved a $6.5 billion loan for Ecuador to help the country deal with the shock of the Covid-19 crisis. The…
UN ECOSOC president urges intensified efforts to accomplish Sustainable Development Goals
UNITED NATIONS: Pakistan's Ambassador Munir Akram, in his capacity as the President of United Nations Economic and Social Council (ECOSOC), has, at a major UN event, renewed his call for…
IMF approves release of $1 bn for Angola amid Covid-19 downturn
WASHINGTON: The IMF on Wednesday approved release of another $1 billion in lending for Angola as its economy struggles with the Covid-19 downturn and global drop in crude prices. The…
World Community’s support must to deal with COVID-19 challenge: Hafeez Shaikh
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh said Monday that world community's support was imperative to deal with the situation arising out of COVID-19…
PM to play long productive inning for country’s betterment: Asad Umar
ISLAMABAD: Minister for Planning, Development and Special Initiatives Asad Umar said on Tuesday that after facing crisis inherited by the incumbent government from the previous regimes, Prime Minister Imran Khan…
Prudent economic policies leading country toward stability: Hafeez
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh Tuesday said that despite internal and external challenges, the combined impact of various progressive economic indicators show…
Pandemic could widen economic gender gap, IMF warns
WASHINGTON: The coronavirus pandemic could jeopardize progress made by women over the last three decades in narrowing the economic gap between themselves and their male counterparts, the International Monetary Fund…
IMF chief warns global economy ‘not out of the woods yet’
WASHINGTON: Despite some signs of recovery, the global economy faces continued challenges, including the possibility of a second wave of COVID-19, and governments should keep their support programs in place,…
imf
Is Lebanon heading for ‘hell’ sans IMF bailout?
BEIRUT: Talks between crisis-hit Lebanon and the International Monetary Fund are deadlocked, and leaders reluctant to enact reforms. Without a vital multi-billion-dollar bailout, is Lebanon headed for "hell"? For months,…
Pakistan enjoys good relation with IMF: Advisor
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh Saturday said Pakistan having good terms with the International Monetary Fund (IMF), dispelling the impression that…
Pakistan receives $1.39b from IMF
KARACHI: State Bank of Pakistan has taken to the Twitter to announce that Pakistan has today received US $ 1.39 billion under IMF's Rapid Financing Instrument. A relevant piece published…
IMF
Pakistan to get US$1.386b from IMF’s Rapid Financing Instrument
ISLAMABAD: IMF will be providing US$ 1.386 billion to Pakistan through Rapid Financing Instrument to facilitate the country's battle against the COVID-19 crisis. According to details IMF has approved on…
COVID-19: IMF to decide about debt relief for Pakistan on Apr 16
WASHINGTON: The Managing Director of International Monetary Fund (IMF) has announced that the board has decided to provide immediate debt relief to 25 poor countries amid coronavirus outbreak. The relief…
Coronavirus: Pakistan to get $588m to fight the menace
ISLAMABAD: In a meeting between Deputy Chairman Planning Muhammad Jehanzeb Khan and Directors of World Bank and Asian Development Bank here today the Int'l Fin institutions had pledged to provide…
IMF
Pakistan had made considerable progress: IMF
ISLAMABAD: Following conclusion of meetings with Pakistani officials during 3rd to 13th of February, 2020, IMF delegation, (led by Mission Chief to Pakistan Ernesto Ramirez-Rigo) acknowledged that Pakistan had made…
IMF
IMF: Pakistan seeks lower tax collection target
ISLAMABAD: Pakistan has asked IMF's team, presently here to observe state of affairs here before releasing next tranche, to reduce the tax-collection target.
IMF
IMF team here to review 7 month performance
ISLAMABAD: IMF team arrived here on Sunday for an eleven-day review of the status of affairs before releasing another tranche of $450 million. The mission is scheduled to meet the…
IMF
SBP says Pakistan got $452 million from IMF
KARACHI: State Bank has informed that Pakistan has received $452 million (the second installment of the IMF's $6 billion loan program). The IMF had evaluated Pakistan’s economic progress and approved…