Government firm to revive IMF programme: Ayesha Ghous Pasha
State Minister for Finance and Revenue, Ayesha Ghaus Pasha highlighted that the government wants to continue programme with the International Monetary Fund (IMF) in such a way that the common man should not bear the burden of tough decisions to be made as per the Fund’s condition. Speaking to the media here after attending the…
Adil Aziz
US wants to see Pakistan in ‘economically sustainable’ position: State Dept
The United States wants to see Pakistan in an economically sustainable position, State Department spokesperson Ned Price has said, noting that Islamabad was in negotiations with the International Monetary Fund (IMF) and other global financial institutions. Asked about Pakistan’s dwindling foreign exchange reserves, he told reporters at his daily press briefing, “This is a challenge…
Pakistan finance chief reaffirms commitment to IMF bailout programme
Finance Minister Ishaq Dar has reiterated the government s commitment to complete the International Monitory Fund (IMF) programme. He expressed his reaffirmation in a meeting with IMF s Mission Chief to Pakistan Nathan Porter, on the side lines of International Conference on Climate Resilient Pakistan in Geneva. During the meeting, they discussed challenges to regional economies in…
PM holds talks with IMF chief to break deadlock over next aid tranche
He also sought relaxation in the demand to increase electricity prices to compensate for the deviation of around Rs 500 billion from the annual circular debt management plan Prime Minister Shehbaz Sharif has made a telephonic call to International Monetary Fund chief Kristalina Georgieva to break the deadlock over the release of the next tranche of assistance for cash-strapped Pakistan, according…
Third of world in recession this year, IMF head warns
A third of the global economy will be in recession this year, the head of the International Monetary Fund (IMF) has warned. Kristalina Georgieva said 2023 will be “tougher” than last year as the US, EU and China see their economies slow. It comes as the war in Ukraine, rising prices, higher interest rates and…
Finance Division contradicts Tribune story on TSA deadline
A news story has been published in daily The Express Tribune, on 10-12-2022 with the title “TSA deadline will be missed: IMF”. The story has been based on a draft report prepared by the IMF Technical Assistance Mission which visited Islamabad from October 3 to 10, 2022. The news story contains incorrect data, wrong and…
IMF to consider targeted assistance for poor, flood-hit people
The International Monetary Fund (IMF) has indicated its willingness to sympathetically view the targeted assistance for poor and vulnerable, especially flood affected people of Pakistan. Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar held an online meeting with IMF Mission Chief for Pakistan, Nathan Porter. The two sides discussed the progress made with…
Dar calls for greater policy support from IMF, donors
Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar has called for greater policy support from the International Monetary Fund (IMF) and multilateral donors in the backdrop of the climate-induced catastrophe and losses suffered by the country. The minister was addressing a meeting of MENAP (Middle East, North Africa, Afghanistan, and Pakistan) Ministers of…
IMF, WB, IsDB assure Pakistan of their continued support
The International Monetary Fund (IMF), the World Bank(WB) and Islamic Development Bank (IsDB) have assured of their continued support to Pakistan at a time when the country was facing socioeconomic challenges owing to recent floods that have damaged economy badly. The assurances were made during the separate meetings of Federal Minister for Finance and Revenue,…
IMF approves release of $1.1 billion for Pakistan
The Executive Board of the International Monetary Fund (IMF) completed on Monday the combined seventh and eighth reviews of the Extended Arrangement under the Extended Fund Facility (EFF) for Pakistan. The Board’s decision allows for an immediate disbursement of SDR 894 million (about US$1.1 billion), bringing total purchases for budget support under the arrangement to…