ISLAMABAD: The IMF mission and Pakistan’s economic team are in the final stages of discussions for the completion of the second review negotiations, which would unlock the last $1.1 billion tranche under the SBA loan agreement. With a range of significant topics on the table such as pensions, salaries, climate financing, and monetary policy, both … Read more
ISLAMABAD: The Pakistani government has assured the International Monetary Fund (IMF) that it will accelerate the privatization program, sources from the finance ministry said. They indicated that the privatization of Pakistan International Airlines (PIA) is progressing according to schedule, with efforts underway to finalize the process promptly. Additionally, the federal government has devised a plan … Read more
ISLAMABAD: Pakistan government has dismissed the International Monetary Fund’s (IMF) request to reconsider the National Finance Commission (NFC) Award, sources said. The IMF, citing a shortfall in federal funds, urged Islamabad to reassess the NFC Award alongside the provinces during discussions for the second review of the $3 billion loan program under the SBA. The … Read more
ISLAMABAD: The International Monetary Fund (IMF) has urged Pakistan to take further action during the initial discussions for the second review of the SBA program, sources said. In a meeting with officials from the Finance Ministry, the IMF expressed concerns regarding the subsidized supply of gas to fertilizer producers. The IMF called for an end … Read more
KARACHI: Policy-level talks between Pakistan and IMF is still under way but has so far remained inconclusive. Sources said that development budget is likely to be cut by more than 300 billion rupees, adding that preparations for cut by more than 40% in development budget have been finalised. More than Rs400 billion instead of Rs727 … Read more
KARACHI: The Pakistan bourse witnessed a dull session with range-bound activities packed with the Pakistan-IMF talks, quarterly results announcements, higher energy prices, and dollar hedging northwards, dealers said on Monday. “The IMF has placed a condition on Pakistan to transfer all the bank accounts maintained by [the] public sector entities/Defence Ministry to [the] State Bank … Read more
