Finance Minister Muhammad Aurangzeb is feeling hopeful about reaching a deal with the International Monetary Fund (IMF). During a media interview, he stated that negotiations are in the final stages, with no major obstacles remaining. He confirmed that Pakistan is on track to meet the IMF’s economic targets. Aurangzeb emphasized Pakistan’s commitment to fiscal discipline […]
International Monetary Fund (IMF)
Govt to borrow $16b to settle debts in FY22
ISLAMABAD: The government is planning to acquire $16 billion in the next fiscal year to counter the maturing external public debt, its recurring interest payments and finance the expected budget deficit. The figure would be the highest ever borrowed by Pakistan in a single year, underscoring its woes at the hands of recurring debt payments. […]
Pakistan-IMF talks extended by 2 days after ‘good progress’
The technical-level talks between Pakistan and the International Monetary Fund (IMF) on the proposed bailout package that were expected to conclude on Friday were extended by another two days. “We have made good progress in our discussions with the visiting IMF mission. Consultations will continue over the weekend,” a brief statement issued by the Finance […]
‘PM has handed over country to new East India Company’
Pakistan Muslim League-Nawaz (PML-N) spokesperson Marriyum Aurangzeb on Sunday – reacting to the appointment of an International Monetary Fund (IMF) economist as governor of the State Bank of Pakistan (SBP) – said that Prime Minister Imran Khan had handed over the country to the new East India Company. In her reaction, Marriyum Aurangzeb said that […]
Sindh CM hopes Pak will ensure provincial autonomy in talks with IMF
Sindh Chief Minister Syed Murad Ali Shah, on Wednesday, asserted that with Pakistan moving forward in talks with International Monetary Fund (IMF), he believed the federal government would take on the issue of sales tax. He hoped that it would comply with the constitutional position and ensure respect for the provincial autonomy guaranteed in the […]
IMF team in Islamabad to hold talks on bailout package
A delegation of the International Monetary Fund (IMF) arrived in Islamabad on Monday to hold technical discussions on the financial bailout package. The IMF team will meet officials of the finance ministry, the Federal Board of Revenue and the State Bank during its visit, finance ministry spokesman Dr Khaqan Najeeb said. The two sides will […]
IMF team to discuss support package with Pak from Monday
A delegation of the International Monetary Fund (IMF) is expected in Pakistan on Monday. According to Finance Division Spokesperson, Dr Khaqan Najeeb, the purpose of visit remained to hold technical negotiations for progress on the IMF programme. The preparations for the economic framework were in the final phase for dialogues with the IMF team, he […]
PM, IMF chief discuss financial bailout package
Prime Minister Imran Khan on Friday met International Monetary Fund (IMF) Managing Director Christine Lagarde on the sidelines of the second Belt and Road Forum (BRF) here. After the meeting, the IMF chief, in a social media post, said that she was glad to meet the Pakistani prime minister and that a comprehensive policy package […]
Will loans ease the economic crisis?
The dream of Pakistan’s youth that was once to see Imran Khan as the Prime Minister is now an eight-month-old reality. It is more of an economic disaster if you ask a rational Pakistani. The recent hike in prices has added burden over the lower and middle-income strata of the population while Pakistan’s decision to […]