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
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
World Bank and International Monetary Fund (IMF) (WB and IMF) have urged its bilateral creditors to suspend debt payments from International Development Association countries to help them combat the COVID-19 pandemic. Pakistan being part of IDA countries, will also get a marginal benefit if the creditor countries agree to the joint proposal of IMF and … 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 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
The International Monetary Fund (IMF) in Washington tomorrow will hold its board meeting for considering an approval of the disbursement of second tranche of about $453 million to Pakistan under the $6 billion Extended Fund Facility (EFF) finalized in May this year. According to the IMF’s website, the board will review Pakistan’s economic growth. From … 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 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
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
The International Monetary Fund (IMF) has released World Economic Outlook report 2019. According to the report, the unemployment rate in Pakistan will go up to 6.2 percent in fiscal year 2020 and unemployment rate in fiscal year 2019 is 6.1 percent. The actual GDP of Pakistan was 5.5% in Fiscal Year 2018, which was reduced … Read more
The Federal Cabinet has decided to set up Special Media Tribunals to resolve issues relating to the Media industry and stakeholders. The meeting discussed recent Kashmir situations and PM’s visit to US, as well as Saudi Arabia oil facility attack was also under concern in the meeting. The meeting discussed overall economic and political situation … Read more
A delegation of International Monetary Fund (IMF) will arrive Pakistan today. According to details, The IMF will express concern over Pakistan’s economic performance with Pakistani officials. International Monetary Fund’s SOS (Save Our Soul) mission will suggest ways to the cash-strapped government to curtail the budget deficit being faced by the country. According to Foreign Ministry … Read more
The U.S. Treasury Department labeled China a currency manipulator. This came after Beijing pushed down the value of its yuan in a dramatic escalation of the trade conflict. The conflict mentioned to be in between the world’s two biggest economies. The decision, which came hours after President Donald Trump accused China of unfairly devaluing its … Read more
