Tag Archives: IMF

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IMF reaches staff-level agreement with Pakistan

02 February, 2020 11:52 pm 11:52 pm

ISLAMABAD (92 News) – The International Monetary Fund (IMF) and Pakistan reached a staff-level agreement on policies and reforms needed to complete the second review on Thursday. According to a statement from Mission Chief for Pakistan Ernesto Ramirez Rigo, the IMF had arrived at a staff-level agreement with Pakistan on the policies and reforms needed … Read More

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South Korea on frontline as coronavirus spreads

02 February, 2020 10:49 am 10:49 am

SEOUL (AFP) – The deadly coronavirus epidemic spread further outside China on Monday as a surge of infections in South Korea made it the biggest hotspot abroad, while authorities in Europe and the Middle East battled to curb outbreaks. The number of fatalities in China also continued to soar, with 150 more confirmed deaths taking … Read More

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Pakistan, IMF agree not to increase tax rates until June 2020

02 February, 2020 12:05 am 12:05 am

ISLAMABAD (92 News) – Pakistan and the International Monetary Fund (IMF) have agreed not to introduce mini-budget and a rise in the tax rates until June 2020. In a meeting chaired Adviser on Finance Abdul Hafeez Shaikh and IMF Mission Chief for Pakistan Ernesto Ramirez-Rigo, the two sides agreed that neither would a mini-budget be … Read More

Talks between Pakistan, IMF to be held today

02 February, 2020 8:00 am 8:00 am

ISLAMABAD (92 News) – A delegation of the International Monetary Fund (IMF) will hold talks with the Pakistani leadership on Monday (today). It is pertinent to mention here that the talks will be started between Pakistan and IMF for release of the third tranche of loan to Pakistan. According to the source of Finance Ministry, … Read More

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Sheikh Rasheed says nation paying price for IMF’s US$6 billion aid

01 January, 2020 4:47 pm 4:47 pm

LAHORE (92 News) – Federal Minister for Railways Sheikh Rasheed said that the nation is paying the price for the International Monetary Fund’s (IMF) aid of US$6 billion. Addressing a press conference on Saturday, he said that there is inflation, but the government could not deal with the flour crisis. “A price control committee comprising … Read More

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‘Govt managed to reduce circular debt from 38 to 10 billion rupees’

12 December, 2019 7:58 pm 7:58 pm

ISLAMABAD (92 News) – The International Monetary Fund (IMF) has hailed the improvements in Pakistan’s economy as the government managed to reduce circular debt from 38 to 10 billion rupees in July this year. According to the Finance Ministry, the IMF stated that Pakistan’s reform program is on track and already producing results. In its … Read More

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Pakistan receives $454mln second tranche from IMF

12 December, 2019 10:10 pm 10:10 pm

ISLAMABAD (Web Desk) – Pakistan on Thursday received a $454 million second tranche from the International Monetary Fund (IMF) under a $6 billion Extended Fund Facility (EFF). The $454-million payment would be added to the country’s foreign exchange reserves, currently at $17.6 billion, by next week. The IMF approved the EFF installment last Friday, saying … Read More

tranche IMF International monetry Fund Pakistan second trancheIMF IMF executive board First deputy manager Pakistan 452.5 million dollars

IMF executive board approves $452 million for Pakistan

12 December, 2019 12:50 pm 12:50 pm

ISLAMABAD (92 News) – The International Monetary Fund (IMF) executive board completed the first assessment of Pakistan’s economic performance and approved $452 million for Pakistan. According to the press release, the IMF executive board has completed the first review of Pakistan’s economic performance. In a statement first deputy managing director and acting chair said that … Read More

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ADB approves $1.30bn emergency loan for Pakistan

12 December, 2019 12:50 pm 12:50 pm

ISLAMABAD (92 News) – The Asian Development Bank (ADB) has approved a $1.30 billion emergency loan for Pakistan. The announcement issued by the ADB in its press release on Friday. The bank said it was an emergency loan to shore up the country’s finances and help strengthen its slowing economy. It is pertinent to mention … Read More

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World acknowledging economic reforms process in Pakistan: Hafeez

12 December, 2019 8:23 pm 8:23 pm

ISLAMABAD (92 News) – Adviser on Finance Abdul Hafeez Shaikh has said that the whole world gets the knowledge that the economic reforms process in Pakistan is well on track and is being appreciated by international financial institutions. Addressing a press conference along with Minister for Economic Affairs Hammad Azhar and Federal Board of Revenue … Read More

Bilawal Bhutto, ‘selected’ PM, go, IMF, Occupied Kashmir

Bilawal Bhutto says ‘selected’ PM will have to go

11 November, 2019 7:10 pm 7:10 pm

ISLAMABAD (92 News) – PPP chairman Bilawal Bhutto Zardari has said that the ‘selected’ prime minister will have to go. Talking to the media after a meeting of PPP Core Committee on Friday, he said that the government’s economic performance is worst. “The Pakistan government has surrendered to the International Monetary Fund (IMF). The masses … Read More

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PM, IMF delegation discuss ongoing bailout package

09 September, 2019 4:45 pm 4:45 pm

ISLAMABAD (92 News) – The International Monetary Fund’s (IMF) delegation on Tuesday called on Prime Minister Imran Khan and discussed ongoing bailout package. During the meeting, the prime minister and IMF delegation led by Director Middle East and Central Asia Jihad Azour exchanged the views about economic condition of the country. Finance Adviser Abdul Hafeez … Read More

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IMF’s technical mission arrives in Pakistan

09 September, 2019 12:50 pm 12:50 pm

ISLAMABAD (92 News) – The International Monetary Fund’s (IMF) technical mission arrived in Pakistan on Monday. IMF technical mission led by Director of the Middle East and Central Asia Department Jihad Azour has been arrived in Islamabad. The mission held a unofficial meeting with the officials of Ministry of Finance. Both the sides exchanged views … Read More


IMF stands by yuan view; says China could need stimulus if trade war worsen...

08 August, 2019 7:36 am 7:36 am

WASHINGTON (Reuters) – The International Monetary Fund (IMF) on Friday stood by its assessment that China’s yuan valuation was largely in line with economic fundamentals, but an IMF official said the fund was encouraging China to pursue a more flexible exchange rate with less intervention. James Daniel, director of the IMF’s China department, said that … Read More


Bulgaria’s Georgieva emerges as EU’s candidate for IMF head

08 August, 2019 3:23 am 3:23 am

BRUSSELS (Reuters) – European Union sates picked Bulgaria’s Kristalina Georgieva as the bloc’s candidate to lead the International Monetary Fund (IMF) after more than 12 hours of talks on Friday that highlighted the EU’s internal divisions. The 65-year-old chief executive of the World Bank got the backing of a majority of the 28 EU states, … Read More