Tag Archives: International Monetary Fund

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World GDP plunging 4.9% this year, wiping out $12 trillion: IMF

06 June, 2020 11:29 am 11:29 am

WASHINGTON (92 News) – The International Monetary Fund (IMF) said the coronavirus has sparked an economic “crisis like no other,” sending the world GDP plunging 4.9% this year and wiping out $12 trillion over two years. IMF chief economist Gita Gopinath said under the current forecasts, the crisis will destroy $12 trillion over two years, … 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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‘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 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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Younus Dagha removed as finance secretary

05 May, 2019 9:29 pm 9:29 pm

ISLAMABAD (92 News) – The government on Thursday removed 22 Grade officer Finance Secretary Younus Dagha from his post. According to the details, Cabinet Secretary Naveed Kamran Baloch has been appointed as the new finance secretary while Maroof Afzal has been appointed the new cabinet secretary. The Establishment Division has issued notification regarding to the … Read More

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IMF’s agreement violation of sanctity of constitution: Raza Rabbani

05 May, 2019 12:01 am 12:01 am

ISLAMABAD (92 News) – Senator Raza Rabbani on Thursday said that the government’s agreement with International Monetary Fund (IMF) is violation of the sanctity of Pakistan’s constitution. Addressing a press conference, the former Senate chairman said that the government has given the integrity of Pakistan in hand of the IMF. He said that the ordinances … Read More

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IMF has no link with NFC award, says Hafeez Shaikh

05 May, 2019 9:38 pm 9:38 pm

KARACHI (92 News) – Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh on Thursday termed that the International Monetary Fund (IMF) has no link with the National Finance Commission (NFC) Award. He said while speaking alongside Sindh Governor Imran Ismail, Federal Minister for Water Resources Faisal Vawda, Federal Minister for Maritime Affairs Ali … Read More

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Tough IMF conditions push Pakistan stock exchange down 816 points

05 May, 2019 10:54 pm 10:54 pm

KARACHI (92 News) – The Pakistan stock exchange (PSX) plunged a massive 816 points on Monday, a day after the government announced $6 billion International Monetary Fund (IMF) bailout package, with the benchmark KSE 100 losing 2.3 per cent during intra-day trading and cementing fears that investor sentiments remain bleakly uncertain. It is worth mentioning … Read More

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IMF deal ‘complete sell-out’ of country’s sovereignty: Maryam Nawaz

05 May, 2019 9:05 pm 9:05 pm

LAHORE (92 News) – Responding to the bailout package of International Monetary Fund (IMF), Pakistan Muslim League-N (PML-N) vice president Maryam Nawaz said that IMF deal complete sell-out the national sovereignty. The PML-N leader strongly criticized the agreement between the Pakistan Tehreek-e-Insaf (PTI) government and IMF. She took her twitter and said, “IMF or no … Read More

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Opposition demands NA approval for IMF bailout package

05 May, 2019 8:13 pm 8:13 pm

ISLAMABAD (92 News) – The opposition parties on Monday demanded the approval of National Assembly for International Monetary Fund (IMF) bailout package. Addressing to the NA session, former prime minister Shahid Khaqan Abbasi expressed hope that Prime Minister Imran Khan will take the house into confidence over the government’s deal with the IMF and other … Read More

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Pakistan, IMF reach agreement of bailout package: Hafeez Shaikh

05 May, 2019 9:29 pm 9:29 pm

ISLAMABAD (92 News) – Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh announced on Sunday that Pakistan and the International Monetary Fund (IMF) have reached an agreement of the bailout package. In an interview with state-run television channel, the adviser said that Pakistan and IMF has reached an agreement on a $ 6 … Read More

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My iftar dinner drew 4-times more people than Nawaz rally, says Rasheed

05 May, 2019 11:02 pm 11:02 pm

LAHORE (92 News) – Commenting on the Pakistan Muslim League-N (PML-N) rally to give former premier Nawaz Sharif a warm send-off upon his return to Kot Lakhpat Jail, Minister for Railways Shiekh Rasheed said his iftar dinner drew five times more people than those who attended the rally. Addressing a press conference, the minister dismissed … Read More

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IMF is dealing with IMF in country: Agha Siraj Durrani

05 May, 2019 1:01 pm 1:01 pm

KARACHI (92 News) – Sindh Assembly Speaker Agha Siraj Durrani has said that there is no government, apparently ‘the International Monetary Fund (IMF is dealing with the IMF in the country on Friday. Agha Siraj Durrani appeared before an accountability court today for hearing. Talking to the informal talks with journalists, he said that Pakistan … Read More

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IMF emphasizes to impose tax on agriculture

05 May, 2019 12:06 pm 12:06 pm

ISLAMABAD (92 News) – The International Monetary Fund (IMF) has demanded the more strict conditions for the bailout package as the IMF emphasized to impose tax on agriculture. According to the sources, the IMF also did not accept the finance team of Pakistan and expressed Adviser to Prime Minister Shaikh Abdul Hafeez negative views about … Read More

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IMF, WB officials appointed as SBP governors in past: Iftikhar Durrani

05 May, 2019 12:03 am 12:03 am

ISLAMABAD (92 News) – Responding to the statement of PPP Chairman Bilawal Bhutto, Special Assistant to Prime Minister on Media Iftikhar Durrani on Wednesday said that the officials from World Bank (WB) or the International Monetary Fund (IMF) had been appointed as the governor State Bank of Pakistan (SBP) in the past. “It was not … Read More