ISLAMABAD: The Executive Board of the International Monetary Fund (IMF) is scheduled to meet today (Monday) to review Pakistan’s request for funding, with the country expecting approval of around $1.2 billion, officials said. The IMF’s board calendar for 8 to 14 December confirms that Pakistan’s case is on the agenda, where the staff-level agreement reached […]
Resilience and Sustainability Facility
IMF board to greenlight $1.2bn for Pakistan on Dec 8
The IMF Executive Board will meet on December 8 to approve $1.2 billion in loans to Pakistan. The funding includes $1 billion under the Extended Fund Facility and $200 million under the Resilience and Sustainability Facility. Officials say approval could unlock the disbursement as early as December 9. The loans follow a staff-level agreement reached […]
Pakistan expected to receive $1.2 billion IMF tranche next month
ISLAMABAD – Pakistan is likely to receive a $1.2 billion disbursement from the International Monetary Fund (IMF) next month, as the Fund’s Executive Board meets on December 8 to approve the next tranche under two ongoing programs. The payment is expected to be credited to Pakistan’s account by December 9. The IMF board meeting will […]
PSX Market Surges as IMF Nears Staff-Level Agreement with Islamabad
KARACHI – The Pakistan Stock Exchange (PSX) opened on a strong note on Thursday after reports of significant progress between the International Monetary Fund (IMF) and the Government of Pakistan on key economic reviews. The KSE-100 index jumped 1,382.51 points to reach 166,647.25 points, marking an increase of 0.84% as optimism spread across the trading floor. […]