According to the sources, the IMF has transferred $1 billion to the State Bank of Pakistan (SBP) as part of the current agreement. The inflow will be reflected in the central bank’s foreign exchange reserves on May 16. The disbursement follows the IMF Executive Board’s approval of the loan tranche on May 9, marking a […]
During the meeting, the IMF board is expected to approve a disbursement of $1.1 billion for Pakistan under the ongoing financial program. According to the IMF statement, the first Review under the Extended Arrangement under the Extended Fund Facility, the request for modification of performance criteria, and the request for an arrangement under the Resilience […]
According to sources, the international money lender has urged the federal government to cease funding matters devolved to provinces under the 18th Constitutional Amendment. Sources revealed that the IMF’s directive has compelled the federal government to remove 168 provincial projects from the upcoming federal budget. Sources further said that these 168 provincial projects, currently part […]
