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
Rs500bn mini-budget on cards as FBR fails to meet IMF demands
The International Monetary Fund (IMF) has demanded a mini-budget as the federal government failed to address IMF conditions including achieving tax targets in the current fiscal year. According to FBR sources, a mini-budget is expected to be released to meet the shortfall in tax collection in the first quarter of
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
Fitch upgrades Pakistan’s credit Rating to CCC+ following IMF deal
WEB DESK: Global credit rating agency Fitch has upgraded Pakistan’s long-term foreign-currency issuer default rating (IDR) to CCC+ from CCC, a significant improvement driven by the country’s recent deal with the International Monetary Fund (IMF). The upgrade, confirmed on Monday, reflects greater certainty over the continued availability of external funding
