Tag Archives: IMF

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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

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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


Washington: WB president, IMF MD and renowned businessmen call on PM

07 July, 2019 10:21 am 10:21 am

WASHINGTON DC (92 News) – The top representatives of World Bank (WB) and International Monetary Fund (IMF) called on Prime Minister Imran Khan in Washington DC on Sunday. The WB’s president and the IMF’s acting managing director discussed with the premier the current economic situation of Pakistan and future cooperation with the global lenders. President … Read More

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Lagarde resigns as IMF chief, cites more clarity on ECB post

07 July, 2019 8:46 pm 8:46 pm

WASHINGTON (Reuters) – International Monetary Fund Managing Director Christine Lagarde announced on Tuesday she had submitted her resignation from the global lender, saying she had more clarity about her nomination to be the next head of the European Central Bank. Lagarde said in a statement her resignation was effective Sept. 12, opening the way for … Read More

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PPP will form next government, claims Bilawal Bhutto

07 July, 2019 5:29 pm 5:29 pm

SUKKUR (92 News) – PPP chairman Bilawal Bhutto Zardari has claimed that his party will form the next government. Addressing workers during the sit-in against price-hike on Thursday, he said that the PPP will not desist from any sacrifice for the masses. He said that PPP’s ‘Eliminate Poverty Programme’ had spread across the province. “Today … Read More

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Bailout package: Pakistan receives first tranche of $991.4 million from IMF

07 July, 2019 11:11 am 11:11 am

ISLAMABAD (92 News) – Pakistan’s central bank has received the first tranche of $991.4 million from the International Monetary Fund (IMF) out of $6 billion bailout package agreed between two sides. The amount will improve the country’s foreign exchange reserves. As of today, the country’s foreign exchange reserves have increased by more than $15 billion, … Read More

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Pakistan likely to receive IMF’s first tranche of $1 billion

07 July, 2019 2:26 pm 2:26 pm

ISLAMABAD (92 News) – Pakistan will get first tranche of International Monetary Fund (IMF) approved loan on Monday (today). According to Ministry of Finance, Pakistan will be given $1 billion out of the $ 6.2 billion approved by the international body. It was reported that the remaining tranche will be awarded for giving proofs in … Read More

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‘Puppet government’ mortgaged Pakistan to IMF, says Bilawal

07 July, 2019 12:01 am 12:01 am

DERA GHAZI KHAN (92 News) – Pakistan Peoples’ Party Chairman Bilawal Bhutto Zardari said on Saturday said that the ‘puppet government’ mortgaged Pakistan to the International Monetary Fund (IMF).  Speaking in a public gathering, Prime Minister Imran Khan sold the country before IMF and his government’s recent budget has all for the rich and nothing … Read More

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Europe needs to find candidate to head IMF: France

07 July, 2019 11:11 pm 11:11 pm

AIX-EN-PROVENCE, France (Reuters) – European finance ministers need to find a compromise candidate to replace Christine Lagarde as the head of the International Monetary Fund, French Finance Minister Bruno Le Maire said on Saturday. European leaders nominated Lagarde last week to succeed Mario Draghi as president of the European Central Bank, raising the question of … Read More