The International Monetary Fund (IMF) is expected to extend Pakistan’s loan capacity to $8 billion after lifting the IMF lending ceiling. According to reports, the IMF granted $6 billion in July 2019, and the IMF has so far awarded Pakistan $3 billion in debt relief. According to sources close toContinue Reading
The International Monetary Fund’s (IMF) Spokesperson, Gerry Rice, stated on Saturday that Pakistan’s economy is confronting external pressures. The IMF spokeswoman emphasised in an online press conference that discipline must be maintained and that economic goals must be met. When asked about Pakistan’s economic situation, he stated that the country’sContinue Reading
The International Monetary Fund (IMF) authorised the sixth tranche of its Pakistan programme on Wednesday. Shaukat Tarin, the Finance Minister, verified the news on Twitter. “I am glad to inform that the IMF Board has approved the sixth tranche of their plan for Pakistan,” Tarin said on Twitter. The IMFContinue Reading
KARACHI: Shaukat Tarin, the Prime Minister’s Finance Advisor, stated on Sunday that the administration will offer the people “positive news” about the stalled $6 billion IMF programme “soon.” Tarin claimed the IMF wants to announce the contract on its own at a foundation stone laying ceremony for a hospital inContinue Reading
KARACHI: The State Bank of Pakistan (SBP) has received $2.75 billion in Special Drawing Rights (SDRs) from the International Monetary Fund (IMF), bringing the central bank’s foreign exchange holdings to an all-time high of $20.14 billion. The central bank’s foreign currency reserves on August 27 were $20,145.6 million, according toContinue Reading
The International Monetary Fund (IMF) has hailed Pakistan for “extraordinary support” in removing its personnel from Kabul, little over a week after the Taliban took control of the Afghan capital. Kristalina Georgieva, Managing Director of the IMF, stated on Twitter that Pakistan’s assistance at the highest levels were “extremely crucial”Continue Reading
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