IMF Archives - Pakistan News International

IMF, Pakistan reach staff-level agreement to revive $6 bln funding package

WASHINGTON, Nov 22 (APP):The International Monetary Fund (IMF) announced Monday that it has reached a staff-level agreement with Pakistan on policies and reforms needed to complete the sixth review under the $6 billion Extended Fund Facility (EFF), providing a major relief to the country’s economy. […]

Zambia IMF bailout talks make ‘progress’ : president

Lusaka, Sept 30 (AFP/APP):Zambia’s President Hakainde Hichilema said Thursday he had made progress in talks with the International Monetary Fund on a bailout to resolve his nation’s debt crisis. The copper-rich nation made Africa’s first coronavirus-era sovereign debt default last year, and requested funding from […]

Pakistan receives US$2.75 billion from IMF

ISLAMABAD, The State Bank of Pakistan (SBP) has received US$ 2.75 billion from the International Monetary Fund (IMF), as part of Special Drawing Rights (SDR) allocation announced by the fund recently, the central bank confirmed through a tweet here Tuesday. “#SBP has received US$ 2.75 […]

IMF allocations to take forex reserves to historic high level: SBP Governor

ISLAMABAD, Governor State Bank of Pakistan (SBP), Reza Baqir said Friday that the foreign exchange reserves of the central bank would reach to the historic high level once the country receives $2.77 billion on August 23 from International Monetary Fund’s (IMF) general allocations of $ […]

IMF program is intact, new mission in coming August: Ministry of Finance

ISLAMABAD, The International Monetary Fund (IMF) program is intact and a new mission is expected to arrive in August to review full year’s economic performance. The government is committed to reforms and has made significant progress since the program was launched and subsequently put on […]

US stimulus offers ‘significant’ boost to global economy: IMF

Washington – US President Joe Biden’s massive stimulus program is expected to boost US economic growth and also help to spur the global recovery, an IMF spokesman said Thursday. US GDP will expand five to six percent over three years with the injection of $1.9 trillion […]

Agreement with IMF to spur economic growth: Hafeez Shaikh

Federal Minister for Finance and Revenue, Dr Abdul Hafeez Shaikh Wednesday said that the staff-level agreement between International Monetary Fund (IMF) and Pakistan would help improve exports and investments; and lead the country towards economic growth. Talking to media persons outside Election Commission of Pakistan, the […]

Pak to reach at 1.5% growth rate in current year: IMF

The International Monetary Fund (IMF) referring to the negative growth of 0.4% for the previous fiscal year 2019-20, has executed Pakistan’s GDP growth rate at 1.5% for the current year 2020-21 on Wednesday. However, with the expectation that the recovery of economic activities will help improve […]

IMF, World Bank are draining resources of poor countries, Per capita gap between rich and poor countries increased by 400 pc in 60 years

Karachi, :Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said peace and prosperity is impossible in presence of colonial international institutions like the IMF and World […]

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