Pakistan seeks climate finance to augment $7 billion IMF programme
Amid the possibility of requesting augmentation of the IMF programme with the help of climate finance, Pakistan is all set to showcase its commitment to stick to the path of taking tough decisions for fully implementing the Fund-sponsored program under the $7 billion Extended Fund Facility (EFF).
Finance Minister leaves for USA to attend IMF, World Bank meetings
Finance Minister, Muhammad Aurangzeb has left for the United States (US) to attend the annual meetings of the International Monetary Fund (IMF) and World Bank.
Govt exected to introduce a mini-budget for current fiscal year
The federal government is expected to introduce a mini-budget during the ongoing fiscal year as it has sent several proposals to the International Monetary Fund (IMF).
IMF urges Pakistan to implement urgent reforms amid regional lag
The International Monetary Fund (IMF) has stressed the urgency of comprehensive reforms in Pakistan, citing the country’s failure to provide a satisfactory standard of living compared to its regional counterparts. The IMF report underscores significant shortcomings in Pakistan’s economic performance, particularly in areas like income per capita, competitiveness, and export
Federal govt to implement seven new tax measures with IMF approval
The federal government of Pakistan has reached an agreement with the International Monetary Fund (IMF) to implement seven new taxation measures during the fiscal year 2024-25 if revenue collection falls short of the projected target by 1 per cent in the current fiscal year. According to the IMF’s “Extended Arrangement
IMF projects Pakistan’s GDP growth at 3.2 per cent for FY25
The International Monetary Fund (IMF) has projected Pakistan’s GDP growth to reach 3.2 per cent during FY25, an increase from the 2.4 per cent recorded in the previous fiscal year. This forecast surpasses the Asian Development Bank’s (ADB) projection of 2.8 per cent growth for the current fiscal year. In
IMF approves Pakistan’s $7 billion loan
The IMF Executive Board has approved a $7 billion loan for Pakistan, aimed at providing financial relief over the next 37 months. Pakistan is expected to receive its first installment of $1 billion by September 30, with a second tranche to follow within the same fiscal year. Pakistani officials confirmed
PSX surges 764 points ahead of IMF board meeting
The Pakistan Stock Exchange’s 100 Index surged by 764.28 points, or 0.94 per cent, to close at 82,247.92 points, up from 81,483.64 points. Moreover, a total of 422,163,158 shares changed hands, increasing from 369,620,812 shares traded the previous day, with a total share value of Rs18.38 billion. Read More: Gold
IMF’s $7 billion package: can Pakistan deliver on tough reforms this time?
Amid the expectation of obtaining approval from the IMF’s Executive Board on a bailout package of $7 billion under 37 months, Extended Fund Facility (EFF) for Pakistan’s economy is going to set the stage for undertaking tough structural reforms which were never implemented in the case of Pakistan.
Pakistan nears $7 billion IMF bailout
Amid consideration of constitutional amendments with the assent of the Parliament, the International Monetary Fund (IMF) confirmed placing Pakistan on its executive board agenda on September 25 meeting for holding Article IV consultation and requesting an Extended Fund Facility (EFF) of $7 billion bailout package.
