Tag: EFF
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IMF to continue talks on Pakistan’s economic reform goals
The International Monetary Fund (IMF) remains engaged in discussions with Pakistan on policy goals and actions to establish a medium-term, home-grown reform programme that could be supported under the Extended Fund Facility (EFF) arrangement.
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Pakistan proposes Rs300 billion cut in govt expenditures to IMF
Pakistan has presented a plan to the International Monetary Fund (IMF) aimed at reducing government expenditures by Rs300 billion.
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PM Shehbaz urges IMF to release stalled funds, assures compliance with conditions
On Thursday, Prime Minister (PM) Shehbaz Sharif had a meeting with Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), where he urged the lender to release the stalled funds for Pakistan. He assured the IMF of Pakistan’s compliance with all the conditions set by the lender.
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IMF’s disapproval of budget raises odds of default and economic fallout for Pakistan
In a recent report, the International Monetary Fund (IMF) expressed criticism of Pakistan’s latest budget, increasing the likelihood that the lender may withhold the much-needed aid before the bailout programme concludes at the end of June. According to Bloomberg, this development could lead to a severe dollar shortage in the first half of the upcoming…
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IMF board approves disbursement of $1.17 billion in bailout funds
The seventh and eighth reviews of Pakistan’s bailout programme were approved by the International Monetary Fund (IMF) board on Monday, releasing $1.17 billion to the cash-strapped nation. Pakistan is now set to get a $1.17 billion loan tranche from the international lender within the next six days. “Alhamdolillah, the IMF board has approved the revival…
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IMF Executive Board meeting to discuss revival of loan plan today
The International Monetary Fund (IMF) executive board will meet on Monday (today) to discuss the bailout plan for Pakistan. The 8th and 9th tranches, totaling over $1.2 billion, are anticipated to be disbursed with board approval. According to Geo, Pakistan also requested that the Extended Fund Facility (EFF) be increased from $6 billion to $7…
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IMF to send Letter of Intent soon to release $1.17 billion tranche
The International Monetary Fund’s (IMF) agreement with Pakistan to release two tranches totaling $1.17 billion as part of a loan facility that was stalled is nearing completion, as the Letter of Intent (LoI) from the fund may arrive in a few days. Pakistan is likely to receive the LoI, which the governor of the State…
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IMF board to approve Pakistan’s $1.17 billion tranche in August
The International Monetary Fund (IMF) Board’s approval for the release of $1,177 million to Pakistan is expected in the third or fourth week of August, according to Minister for Finance and Revenue Miftah Ismail. “Most probably August 26 is the date of board approval,” he said. A staff-level agreement (SLA) was achieved between the IMF team…