Tag Archives: IMF

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PM lauds debt relief measures by G20, IMF, WB for developing countries

04 April, 2020 4:53 pm 4:53 pm

ISLAMABAD (92 News) – Prime Minister (PM) Imran Khan has hailed debt relief measures by G-20 countries, IMF and World Bank for developing countries, including Pakistan. He said while talking to Finance Adviser Dr Abdul Hafeez Shaikh in Islamabad on Thursday. On the occasion, the adviser informed the premier about the planned approval of an … Read More

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IMF Executive Board to meet in Washington today

04 April, 2020 2:46 pm 2:46 pm

WASHINGTON (92 News) – The International Monetary Fund (IMF) Executive Board will meet in Washington on Thursday (today) for approving third installment of loan to Pakistan. The meeting will also approve an additional $40 billion package to prevent form current corona’s situation and economic pressure. With the approval of package, the total program for Pakistan … Read More

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Pakistan expected to get major relief from IMF: FM Qureshi

04 April, 2020 11:41 am 11:41 am

ISLAMABAD (92 News) – Foreign Minister (FM) Shah Mehmood Qureshi has predicted that Pakistan is expected to get a major relief from the International Monetary Fund. In an interview on Thursday regarding decision of G-20 countries and IMF to provide debt relief to the developing countries, the minister said about seventy countries including Pakistan will … Read More

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IMF’s Georgieva wants to triple concessional financing for poor count...

04 April, 2020 9:52 am 9:52 am

WASHINGTON (Reuters) – The International Monetary Fund is looking to triple its concessional financing for the poorest countries to over $18 billion to help them respond to the novel coronavirus pandemic, Managing Director Kristalina Georgieva said on Wednesday. “We have full support of the membership to go on the offensive to raise more capacity for … Read More

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PM calls for “Global Initiative on Debt Relief” over coronavirus

04 April, 2020 8:44 pm 8:44 pm

ISLAMABAD (92 News) – Prime Minister (PM) Imran Khan has called for a “Global Initiative on Debt Relief” in wake of coronavirus pandemic. In a message broadcast to international community, the prime minister said COVID-19 pandemic has posed unprecedented health and economic challenges. He expressed fear that global recession might be worse than the great … Read More

IMF asks G20 to back doubling of its emergency financing to fight coronavir...

03 March, 2020 8:57 pm 8:57 pm

WASHINGTON (Reuters) – The International Monetary Fund on Thursday asked G20 leaders to back a doubling of its emergency financing capacity to strengthen its response to the rapidly spreading coronavirus pandemic that is set to cause a global recession in 2020. IMF Managing Director Kristalina Georgieva, in a statement to leaders of the world’s 20 … Read More

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COVID-19: World Bank, IMF call for suspending debt payments by poorest nati...

03 March, 2020 9:52 am 9:52 am

WASHINGTON (AFP) – The International Monetary Fund and World Bank called for governments to put a hold on debt payments from the world’s poorest nations so they can battle the coronavirus (COVID-19) pandemic. “The World Bank Group and the IMF believe it is imperative at this moment to provide a global sense of relief for … Read More

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Govt accepts all condition of IMF, says Bilawal Bhutto

03 March, 2020 7:45 pm 7:45 pm

LAHORE (92 News) – Pakistan Peoples’ Party (PPP) chairman Bilawal Bhutto Zardari on Sunday said that the incumbent government accepted the all conditions of International Monetary Fund (IMF). Addressing the PPP workers in Lahore, Bilawal Bhutto claimed that the ruling Pakistan Tehreek-e-Insaf (PTI) and the Pakistan Muslim League-N (PML-N) considered the progress of the rich … Read More

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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