Senator Zafar said that the engagement with the IMF should continue to “ensure financial discipline, good governance, and economic stability which is critical for the prosperity of the people of Pakistan”. However, shortly after Senator Zafar’s statement, Imran told the media that he had written a letter to the IMF addressing allegations of election rigging. […]
The agreement came after six days of meetings between Ukrainian officials and IMF staff in Warsaw, Poland as part of a third review of Ukraine’s $15.6 billion 4-year Extended Fund Facility (EFF) Arrangement with the IMF. The IMF said Ukraine’s progress on the program was “broadly on track”, noting that Kyiv met all structural benchmarks […]
Leader of the Pakistan Tehreek-e-Insaf (PTI), Ali Zafar, announced on Thursday that Imran Khan, who is now incarcerated, will write a letter to the International Monetary Fund (IMF) requesting that it halt its funding for Pakistan because of “rigged elections.” “Today, Imran Khan will send a letter to the IMF.” Zafar told reporters after seeing […]
According to a report compiled by the finance ministry, Pakistan has achieved 25 targets of the international lender, the sources said and added that a report has been dispatched to the IMF. The condition set by the IMF not to take loans from the SBP was fulfilled, while the payment of the international loans was […]
As per details, the Pakistan government has proposed lowering the power tariff to 9 cents from 14 cents to the export sector. Sources familiar with the development said the plan will be enforced after approval of the international lender. It is to be noted that the International Monetary Fund (IMF) has once rejected the decision […]
Given the protracted political uncertainty and societal unrest surrounding the election results, Moody’s Investors Service has assigned Pakistan a “credit negative” rating. This will make it more difficult to approach the IMF for a new program, damage the external economy, and increase the difficulty of managing liquidity. “Overall, uncertainty around Pakistan’s ability to quickly negotiate […]
After the general elections on February 8th, when new governments may take two to five weeks to form in the center and provinces, Pakistan will host an International Monetary Fund (IMF) review mission. The conclusion of the $3 billion Standby Arrangement (SBA), which is set to expire on April 12, depends greatly on the presence […]
The recommendations of the interim government to lower industrial energy prices, pay off more than one-fifth of the circular debt, and include the Rs268 billion debt owed by Pakistan International Airline (PIA) in the public debt were not immediately approved by the International Monetary Fund (IMF) on Monday. According to official sources, the IMF also […]
In addition to the Benazir Income Support Program, Pakistan has been requested by the International Monetary Fund (IMF) to administer a social program for the underprivileged (BISP). According to the IMF, Pakistan should continue to work on social programs and implement more social security measures for the country’s weakest segments. Safe gas and electricity tariffs […]
As per details, the report stated that only the next elected government will have the authority to release supplementary grants whereas the federal government will have no such authority. Furthermore, a certain amount will be issued to government ministries and departments and also directed to not exceed their limits. Earlier, Pakistan received a $700 million […]
