Tag: agreement
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Critical IMF meeting scheduled for April 29 to approve $1.1 billion for Pakistan
The Executive Board of the International Monetary Fund (IMF) is scheduled to meet on April 29 to deliberate on the approval of a $1.1 billion funding tranche for Pakistan.
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PM Shehbaz urges Finance Ministry to ensure strict adherence to IMF guidelines in upcoming budget
PM Shehbaz urges Finance Ministry to ensure strict adherence to IMF guidelines in upcoming budget
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Pakistan is making desperate efforts to revive IMF programme before deadline
Pakistan is facing a critical situation as it seeks to revive its stalled Extended Fund Facility (EFF) programme with the International Monetary Fund (IMF). The $6.5 billion programme is set to expire on June 30, and negotiations for the ninth review, due last November, have not been successful.
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Pakistan’s nuclear and missile programmes will not be compromised for IMF deal, says Finance Minister
During a session of the Senate on Thursday, Pakistan’s Finance Minister Ishaq Dar stated unequivocally that there would be no compromise on the country’s nuclear and missile programs. The assurance came in response to questions posed by PPP Senator Raza Rabbani, who had raised concerns about the delay in Pakistan’s agreement with the International Monetary…
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Pakistan will start importing crude oil from Russia in March
Pakistan and Russia have decided on the deadline for crude oil exports in late March after the conclusion of the annual inter-governmental commission between the two countries concluded. The Minister of State for Petroleum, Musadik Malik, said that Pakistan intends to import 35 per cent of its entire crude oil needs from Russia. He added…
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Pakistan, IMF reach staff-level agreement to resume loan
The International Monetary Fund (IMF) extended the total loan size to $7 billion on Thursday and announced a staff-level agreement on the completion of two unfinished programme assessments, but cautioned Pakistan to be prepared to take any extra measures. “The IMF team has reached a staff-level agreement (SLA) with the Pakistan authorities for the conclusion…
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Pakistan pushed into darkness due to Europe’s decision to cut off Russian fuel
The European attempt to abandon Russian oil is intended to punish Moscow for its invasion of Ukraine. It’s also wreaking havoc thousands of miles away, throwing Pakistan into darkness, destabilising one regime, and jeopardising the country’s new leadership’s stability. According to Bloomberg, Pakistan invested heavily in liquefied natural gas and inked long-term contracts with Italian…
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Pet dogs that attacked Karachi lawyer euthanised
The two pet dogs that attacked a Karachi lawyer have been euthanised as per the conditions of the compromise agreement reached between the dogs’ owner and the victim, confirmed the police. As per reports, the dogs were euthanised at a veterinary clinic. The owner of the dogs informed the police about it. Last month, two…