IMF stunned by Pakistan’s economic recovery in just 14 months: Finance Minister
ISLAMABAD: Federal Finance Minister Muhammad Aurangzeb has said that the government’s reform agenda was discussed with the International Monetary Fund, the IMF is surprised at how the economy has managed in 14 months. The finance minister said during the news conference that he is in contact with the International Monetary
IMF mission to visit Pakistan from 11 to 15 November
The International Monetary Fund (IMF) mission, led by Nathan Porter, will visit Pakistan from November 11 to 15. During its visit, the mission will evaluate Pakistan’s progress on the $7 billion loan approved in September, which included a first tranche of Special Drawing Rights (SDR) 760 million, equivalent to $1.03
Pakistan receives first tranche from IMF Program
The State Bank of Pakistan (SBP) has received the first tranche of $1.027 billion from the International Monetary Fund (IMF) as part of the 37-month Extended Fund Facility (EFF) worth $7 billion. Moreover, this inflow, equivalent to 760 million SDR, was confirmed in a statement by the central bank on
IMF approves Pakistan’s bailout with US and China’s support: Finance Minister
Finance Minister Muhammad Aurangzeb credited the approval of Pakistan’s IMF bailout package to US assistance and Chinese cooperation. Moreover, the first tranche of $1 billion has been released under the new 37-month loan program. In an interview with Voice of America, the minister highlighted that US involvement and China’s support
What happened during the talks between Pakistan and the IMF?
Pakistan and the International Monetary Fund (IMF) are in ongoing discussions regarding a new bailout package to address economic challenges. Sources familiar with the negotiations revealed that both the sides exchanged views to meet the financial needs for the upcoming fiscal year. According to sources, Pakistan discussed the initial estimates
