The International Monetary Fund (IMF) had asked the finance ministry not to increase the salaries and pensions of the government employs. According to the reports of BOL News, Finance Ministry sources said that a 10% increase in salaries and pensions will put a burden of Rs 143 billion on the exchequer in a year and … Read more
Pakistan has received huge relief in timely repayment of external loans, including the IMF, G20 countries, Saudi Arabia and China. According to the details, after the Paris Club, Saudi Arabia and China have also been assured to defer repayment of Pakistan’s loans from May 1 to December 31. Following the announcement of the relief, Pakistan … Read more
The International Monetary Fund (IMF) has allowed increasing the salaries of government employees in the budget 2020-21. According to details, the decision has been announced during the third round of budget negotiations between IMF and Pakistan that took place in Islamabad on Tuesday. IMF has also allowed an increase in the pension of retired government … Read more
International Monetary Fund (IMF) and Pakistan agreed to raise salaries and pensions in budget talks. According to details, Electricity and gas will not be increased until October 2020. Alternative revenues have been agreed to control the budget deficit. According to sources in the Ministry of Finance, the IMF has agreed to provide relief in the … Read more
The third round of budget negotiations between Pakistan and the International Monetary Fund (IMF) have been successful in which some important decisions have been considered. The budget talks between Pakistan and the IMF have also agreed to increase salaries and pensions, and the IMF has agreed that electricity and gas will not be expensive until … Read more
The International Monetary Fund (IMF) has asked the Pakistani government to bring about massive fiscal changes amounting to Rs 1,150 billion to cut the budgetary shortfall at 0.4% of the Gross Domestic Product (GDP). According to details, officials of the international body held an important meeting in the federal capital Islamabad. The officials warned the … Read more
The Chief Executive of International Monetary Fund (IMF) has warned again that the global economy will not be able to recover till 2021 amid the coronavirus outbreak. In her latest statement, Chief Executive IMF Kristalina Georgieva warns full global economic recovery unlikely in 2021. She said world economy will take much longer to heal completely … Read more
The International Monetary Fund IMF Chief has warned the US and China against rekindling a trade war that could weaken a recovery from the coronavirus pandemic. IMF Chief Kristalina Georgieva, told that economy of United States has been particularly hard hit by widespread shutdowns aimed at containing the virus. US government data on Friday showed … Read more
The State Bank of Pakistan (SBP) has received $1.39 billion from the International Monetary Fund (IMF) under the Rapid Financing Instrument (RFI). The central bank Tweeted, “SBP has received $1.39bn under Rapid Financing Instrument by the IMF.” #SBP has received $1.39 bn under Rapid Financing Instrument by the #IMF. — SBP (@StateBank_Pak) April 22, 2020 … Read more
International Monetary Fund IMF has decided to hold virtual meeting of its mission with Islamabad’s authorities ‘very soon’ in the aftermath of pandemic COVID-19. This review talks through virtual meetings expected to take place by end of ongoing month or early May 2020. IMF has prepared strategy to bridge the gap of revenues through not … Read more
Managing Director of the International Monetary Fund Kristalina Georgieva has backed Pakistan’s “decisive measures” to limit the impact of the coronavirus and save lives. The IMF Managing Director tweeted the appreciation after the international lender approved a $1.36 billion loan to Pakistan. We support #Pakistan's decisive measures to limit the impact of #COVID19 on livelihoods … Read more
Foreign Minister Makhdoom Shah Mahmood Qureshi held a meeting with the Resident Representative of International Monitory Fund (IMF) today. The discussion focused on the COVID-19 pandemic and its aftermath. While acknowledging the important role of the IMF, the Foreign Minister exchanged views with Resident Representative Daban on the measures being taken by Pakistan to contain … Read more
The International Monetary Fund (IMF) approved immediate debt service relief for 25 countries to help them address the impact of the COVID-19 pandemic. Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) issued the following statement: “Today, I am pleased to say that our Executive Board approved immediate debt service relief to 25 … Read more
The International Monetary Fund (IMF) Managing Director Kristalina Georgieva has lauded Pakistan’s swift move to offer relief response to the people. Georgieva said in one of her statement “Prime Minister Khan and his government have swiftly approved an economic stimulus package aimed at containing the spread of the virus and providing support to affected families and … Read more
The Chief of International Monetary Fund (Chief IMF) has warned the world economy is facing severe damage due to global pandemic that could be more costly than 2009 financial crisis. As per details, , IMF chief Kristalina Georgieva said world economy facing “severe” economic damage from the coronavirus pandemic that could even more costly than … Read more
The International Monetary Fund (IMF) staff mission has commenced discussion with the government authorities to review Pakistan’s performance under its US $6 billion Extended Fund Facility (EFF). According to the details, the IMF team will review performance of various ministries and departments besides reviewing the energy and tax reforms during its stay in Pakistan. under … Read more
International ratings agency Fitch affirmed Pakistan’s B negative rating with a stable outlook due to a challenging external sector situation and weak fiscal and debt position, BOL News learnt. It said that steps have been taken towards addressing those issues and the implementation of the International Monetary Fund program was on track. It’s the second … Read more
Ministry of Finance said the PTI government is doing much better than International Monetary Fund’s projection. As per details, economic performance is much better with respect to most of the macro-economic indicators including inflation rate. A spokesman of the Ministry in a statement said inflation rate expected to come down to around five percent in … Read more
ISLAMABAD: International Financial Fund (IMF) has projected vital fiscal slippages and has lastly minimize the tax assortment goal to Rs 5.238 trillion, which raises questions over claims of bringing fiscal self-discipline and restoring macroeconomic stability. According to the details, IMF expects Pakistan to overlook the price range deficit goal of Rs 3.2 trillion and has projected … Read more
International Monetary Fund (IMF) said that economic reforms program of Pakistan is on track and has started to give fruitful results. According to details, after Completion of IMF’s first review on Pakistan’s economic performance under the Extended Fund Facility, Executive Board of the IMF has made this observation. IMF said that Pakistani authorities has implemented … Read more
Pakistan has met all the strict terms of International Monetary Fund (IMF). According to details, the Executive Board meeting to launch the second installment of the loan program by the IMF will be held in Washington on December 19. The letter signed by Shaikh and Baqir demonstrated Islamabad’s commitment that it would pursue all committed … Read more
The Pakistan’s economy seems to be stepping out of trouble and heading towards stability. From the stock market to the currency market and the current account deficit, international credit rating agencies are all talking about economic stability of Pakistan. The rupee strengthened against the dollar and reached at five-month high. Currency dealers are expecting to … Read more
Prime Minister Imran Khan addresses in Islamabad here on Wednesday (Today). PM Imran said that I welcome the Chinese companies to invest in Pakistan. Glad that now the tyres will be made in Pakistan also. According to the details, PM addressed a ceremony in Islamabad, saying that we are glad to announce that tyres will … Read more
Prime Minister Imran Khan reviewed the economic situation of the country and said economic stability and providing facilitation to investors and business community is top priority of the government. Prime Minister chaired the economic team meeting, senior officials including Advisor Finance, Federal Ministers Hamad Azhar, Khusro Bakhtiar, Chairman FBR, Advisor Finance and Trade and Firdous … Read more
Advisor to Prime Minister Imran Khan on Finance, Revenue and Economic Affairs Abdul Hafiz Sheikh has said that construction activities have increased in the country. Special Assistant to the Prime Minister for Information and Broadcasting, Firdous Ashiq Awan and the Government Economic Team have held a press conference in Islamabad. During the press conference Government … Read more
The International Monetary Fund (IMF) delegation has returned to Washington after completed Pakistan’s visit. According to the details, the IMF delegation reviewed Pakistan’s economy while the delegation also praised the Advisor Finance and their team for the steps taken to improve Pakistan’s economy. The delegation also met with provincial governments and other stakeholders and the … Read more
Pakistan will be one of top twenty countries to dominate global growth by 2024. According to the World GDP growth of 2019 China has the biggest GDP rate which is 32.7%, United States have a rate of 13.8% and India owns 13.5%. But in 2024 the scenario will be changed and Pakistan will be the … Read more
A delegation of The International Monetary Fund (IMF) will arrive in Pakistan on October 28. According to details, a staff level delegation will review progress of structural improvements and privatization. Government spending and receipts will be observed by the delegation. As per the sources, the mission will conclude percentages of Pakistan’s economy. Last month, A … Read more
