The International Monetary Fund (IMF) has placed Pakistan on the agenda for its Executive Board meeting scheduled for September 25, 2024. During this meeting, the Board will review the final approval of Pakistan’s US$7 billion Stand-By Arrangement (SBA). Sources indicate that if the Board expresses satisfaction with Pakistan’s progress, it will lead to the release … Read more
KARACHI: The State Bank of Pakistan Wednesday received $1.16 billion deposit from the International Monetary Fund (IMF). “Today, SBP has received proceeds of USD 1.16 billion (equivalent of SDR 894 million) after the IMF Executive Board completed the combined seventh and Eight reviews under the Extended Fund Facility (EFF) for Pakistan,” wrote the bank. The … Read more
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin has said that the International Monetary Fund (IMF) has demanded the Pakistan government to fulfil some more conditions prior to the sixth staff-level review agreement under its $6 billion Extended Fund Facility (EFF) programme. In an informal discussion with newsmen at the Corporate … Read more
The International Monetary Fund (IMF) has approved a 500 million dollar disbursement to Pakistan. As per the details, IMF Deputy Managing Director Antoinette Sayeh mentioned in a statement that the latest payment brought total disbursements under the Extended Fund Facility to 2 billion dollars since the program was first approved in July 2019. She stated … Read more
The federal government has decided to abolish Rs 140 billion income tax exemption for various sectors. As per the details, the government has decided to bring an ordinance to abolish income tax exemption on the condition of IMF. Sources said that the procedure for bringing the Presidential Ordinance has been completed. The Cabinet approved a … Read more
The International Monetary Fund (IMF) has said it is expected to provide an emergency fund of around $25 billion for 70 countries as the novel coronavirus pandemic continues to grip the world. Media reports said that spokesperson Gerry Rice said at a virtual press briefing that “We expect that number to be 70, so 70 … 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 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
Pakistan has received $1.39 billion under Rapid Financing Instrument from the International Monetary Fund (IMF) to combat the with the monetary impact caused amid coronavirus pandemic , State Bank of Pakistan confirmed. “SBP has received $1.39bn under Rapid Financing Instrument by the IMF,” said the SBP in a tweet. Over 200 deaths have been confirmed … Read more
