Tag: International Lender
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IMF wants FBR to bring over 20 million Pakistanis into tax net in five years
To broaden the tax base, the Federal Board of Revenue (FBR) has outlined its five-year objectives to the International Monetary Fund (IMF), sources reveal.
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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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Pakistan expects positive outcome in talks with IMF, eyes $700 million disbursement
Pakistan expresses optimism regarding the imminent successful conclusion of the initial review under the $3 billion standby arrangement (SBA) with the International Monetary Fund (IMF), according to reliable sources familiar with the matter.
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Fitch warns of further depreciation of Pakistani rupee due to $6.7 billion debt payment
Fitch, the world’s leading credit rating agency based in Hong Kong, said on Friday that Pakistan must pay a total of $6.7 billion in debt payments for the ongoing fiscal year of 2022-23.
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Everything is going alright with IMF, says Ishaq Dar
Finance Minister Ishaq Dar said on Thursday that it is expected that the matters between the government and the International Monetary Fund (IMF) regarding the conclusion of the 9th review of the $7 billion loan program will be settled today. “Everything is going alright,” replied the finance minister when asked about the status of the…
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Pakistan will have to agree to ‘unimaginable’ IMF conditions for bailout: PM Shehbaz
The government will have to accept “beyond imagination” International Monetary Fund (IMF) bailout requirements, according to Pakistan’s Prime Minister (PM) Shehbaz Sharif, who made the statement on Friday in a meeting of civil and military leaders in the northwestern city of Peshawar. In order to avoid backlash before the upcoming elections in October, the administration…
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IMF mission to visit Pakistan next week to discuss stalled bailout programme
At the end of this month, an IMF delegation will travel to Pakistan to discuss the stalled ninth review of the country’s ongoing funding programme.
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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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Another friendly country to confirm assurance this week: Miftah Ismail
According to Pakistan’s Finance Minister Miftah Ismail, “one friendly country” has confirmed its commitment to assist Pakistan in filling the funding gap, while another nation would confirm its assurance in a day or two. An announcement will be made soon on this subject after confirmation. Earlier, the International Monetary Fund (IMF) said that Pakistan has…
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Pressure on Pakistani rupee may decrease in August
Finance Minister Miftah Ismail expressed his continued faith in Pakistani rupee’s (PKR) ability to withstand pressure despite the PKR continuing to hit historic lows versus the US dollar and suffering its biggest weekly slide in more than 20 years. The finance minister stated in an interview with Radio Pakistan that the political climate and the…