A new tranche of loan is likely to be received from IMF in a few days, however, we would need another program,” he said while addressing the session of the Special Investment Facilitation Council (SIFC) apex committee attended by civil-military leadership. The comments came a day after the IMF agreed to a provisional or staff-level […]
The petition was filed by PTI founder Imran Khan and party Secretary General Omar Ayub Khan and made the Election Commission of Pakistan (ECP), PML-N, PPP, and MQM-P respondents in the case. The petition demanded the formation of a judicial commission consisting of serving SC judges “holding no bias towards anyone to inquire, audit and […]
As per schedule, the talks were scheduled to conclude yesterday (Monday), but the International Monetary Fund (IMF) mission extended its stay in Pakistan by a day as both sides have been unable to develop a consensus on a staff-level agreement for the second review. Both sides will discuss the Letter of Intent today, while the […]
Citing the shortage of federal funds, the IMF asked Islamabad to revisit the NFC Award with the provinces during the second review talks under the $3 billion loan program under SBA. The sources within the government said no any recommendation on the NFC Award against the constitution will not be approved. Share of provinces under […]
According to the data released by the SBP, total liquid foreign reserves held by the country stood at $13.15 billion. Net foreign reserves held by commercial banks stood at $5.24 billion. The central bank did not specify a reason for the increase in the reserves. During the week ended on 08-Mar-2024, SBP’s reserves increased by […]
Reopening talks on the National Finance Commission (NFC) award, the International Monetary Fund (IMF) urged Pakistan on Thursday in an effort to resolve the continuous disparity in the allocation of fiscal resources between the federal and provincial governments. Nathan Porter, the IMF Mission Chief to Pakistan, expressed concerns about the allocation of resources and duties […]
The minister also said that the era of cash deposits by friendly countries and the rollovers of the external debt was over, and the country had to come out of the mindset of doing patchwork to deep-rooted economic problems. In his first interaction with a group of journalists since taking oath as the minister, Aurangzeb […]
Georgieva has navigated the IMF “through difficult times over the last years”, Lindner said on X, formerly known as Twitter. “I am convinced that she is exactly the right person to steer the institution through the challenges ahead and to strengthen the IMF as an advocate for structural reforms in our economies.” Bulgarian economist Georgieva, […]
Senator Faisal Saleem Rahman has made history by becoming the first Pakistani lawmaker to be chosen as a member of the International Monetary Fund (IMF) and World Bank’s parliamentary board. Starting his six-year term in March 2021, Senator Faisal represents Khyber Pakhtunkhwa in this role. The parliamentary board, which includes representatives from 140 countries, works […]
According to details, the newly-elected PML-N-led government has decided to avail a fresh IMF loan program, and the Ministry of Finance has initiated actions on the directives of the premier. Pakistan is likely to seek a $6 to 8 billion loan program from the international lender and for this immediate contact will be made with […]
