Tag: bailout program
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IMF meetings schedule excludes Pakistan till June 29 amidst pending 9th review
In a setback for Pakistan, the International Monetary Fund (IMF) Executive Board has excluded the country from its upcoming meetings, raising concerns about the completion of the 9th review under the Extended Fund Facility (EFF) programme. The IMF’s executive board calendar reveals that Pakistan is not on the agenda for the scheduled meetings until June…
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‘No need to panic’: PM Shehbaz hopes Pakistan and IMF will sign deal this month
Prime Minister Shehbaz Sharif reiterated on Sunday that Pakistan has successfully fulfilled all the prerequisites set by the International Monetary Fund (IMF) to revive the halted bailout program. He expressed confidence that no obstacles remain in finalising a staff-level agreement between the nation and the IMF, emphasising that Pakistan is committed to resolving its financial…
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Minister of State for Finance and Revenue criticises IMF for interfering in Pakistan’s internal affairs
In a strong rebuke to the International Monetary Fund (IMF), State Minister for Finance and Revenue Aisha Ghaus Pasha criticised the international lender for what she called “intervening” in Pakistan’s internal affairs.
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‘When will Pakistan meltdown?’ Question shocks Pak minister, might approach China for help
Pakistan is actively exploring alternative measures to prevent a full-fledged eruption of its balance of payment crisis, as the International Monetary Fund (IMF) continues to prolong the revival of the already-delayed $6.5 billion bailout programme. According to The News, Pakistan may have no choice but to turn to China to devise a mechanism for rescuing…
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US expresses confidence in Pakistan’s economic policies and offers support for bilateral relations
On Wednesday, Finance Minister Senator Ishaq Dar reaffirmed the federal government’s commitment to the International Monetary Fund (IMF) programme during a meeting with US Embassy Charge’d Affaires Andrew Schofer at the Finance Division.
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Proposed cross-fuel subsidy plan fails to impress IMF, causing delays in bailout program
In a bid to fulfil promises made to the International Monetary Fund (IMF), the Ministry of Finance is prepared to strongly oppose a draft summary proposed by the Ministry of Petroleum on the provision of cross-fuel subsidy.
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IMF receives assurance of $1 billion from UAE to support Pakistan’s economy
In a significant development towards reviving the stalled bailout programme, the authorities in the United Arab Emirates (UAE) have pledged to provide $1 billion in bilateral support to Pakistan, according to Finance Minister Ishaq Dar.
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Donald Blome assures Pakistan of US cooperation on IMF deal
The US Ambassador to Pakistan, Donald Blome, expressed hope for a deal between Pakistan and the International Monetary Fund (IMF), stating that Washington was prepared to support the country’s efforts to resume its stalled $6.5 billion bailout program. Speaking at an event on Tuesday, Blome assured journalists that the IMF bailout package for Islamabad would…