Tag: International Monetary Fund

Finance minister sees IMF approval for $7 billion bailout package next month – SUCH TV

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The government in Islamabad has said it is making good progress with the International Monetary Fund (IMF) and hopes to get board approval in September for a new $7 billion loan programme. “We are making good progress with the IMF for Board approval in September,” Finance Minister Muhammad Aurangzeb said on Wednesday in a text…

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IMF says talks continuing virtually with Pakistan for fresh loan program – SUCH TV

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The International Monetary Fund (IMF) is considering a new bailout package for Pakistan under its Extended Fund Facility (EFF), according to Julie Kozak, the IMF’s director of communications. In a press briefing held in Washington, Kozak highlighted the significant progress made during the recent IMF mission’s visit to Pakistan from May 13 to 23. Kozak…

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IMF asks Pakistan to revisit NFC Award – SUCH TV

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The International Monetary Fund (IMF) has called upon Pakistan to revisit the National Finance Commission (NFC) award with the provinces. This demand came during the second day of talks between Pakistani officials and the IMF under the second review of the $3 billion standby arrangement (SBA). Article 160 of the Constitution authorizes the president to…

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PSX reaches new highs, crosses 59,000 milestone in intraday trading – SUCH TV

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Continuing its bull run from the preceding sessions, the benchmark index of the Pakistan Stock Exchange (PSX) hit yet another all-time high on Friday and crossed the 59,000 milestone. According to the PSX website, the KSE-100 index stuck 59,402.82 points at 10am, up 502.98 or 0.85 per cent from the previous close of 58,899.84. The…

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IMF seeks fresh report on state-owned enterprises losses – SUCH TV

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The International Monetary Fund (IMF) has asked Pakistan for a report on the losses incurred by state-owned enterprises. During the ongoing talks between the two sides as part of an economic review, the Finance Ministry asked the visiting Fund delegation for time till December 2023, according to sources. During a meeting on Monday, the IMF…

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Pakistan receives first installment of $1.2bn from IMF: Dar – SUCH TV

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The International Monetary Fund (IMF) on Thursday transferred US$1.2 billion to State Bank of Pakistan (SBP) out of total $3 billion under the Stand-By Agreement (SBA) that was approved by the IMF board the previous day. Talking to media persons, Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar said that the balance amount…

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