FinMin Muhammad Aurangzeb hints at reviewing NFC award
- 20-Apr-2024
WASHINGTON: Finance Minister Muhammad Aurangzeb has hinted at reviewing National Finance Commission (NFC) award, the allocation of revenues between the Centre and the provinces, once International Monetary Fund (IMF) approves the new loan programme, ARY News reported on Saturday. Article 160 of the Constitution governs the NFC award. Section 3A of the article says: “The […]
Pakistan ‘hopeful’ to get $7 to $8 bln fresh loan programme from IMF
- 30-Mar-2024
ISLAMABAD: Pakistan is hoping to get a fresh $7 to $8 billion loan programme from the International Monetary Fund (IMF), ARY News reported, quoting sources. As per details available with ARY News according to sources, Pakistan will seek a fresh three-year-loan programme from the IMF next week. The IMF has hinted at negotiations on climate […]
IMF avoids commenting on Pakistan’s political situation, says ready to work with new govt
- 08-Mar-2024
WASHINGTON: The International Monetary Fund (IMF) has reiterated its resolve to work with Shehabz Sharif’s newly elected government in Pakistan. Addressing a press conference in Washington, IMF Director of Communications Julie Kozek said completing the existing standby arrangement is a priority, looking forward to working with Pakistan’s new government to ensure economic stability. The current […]
PM Shehbaz reiterates Pakistan’s resolve to complete IMF programme
- 24-Jun-2023
ISLAMABAD: Prime Minister (PM) Shehbaz Sharif held a meeting with Managing Director of International Monetary Fund (IMF) Kristalina Georgieva in Paris and reiterated Pakistan’s resolve to complete the loan programme, ARY News reported. According to a statement issued by Pakistan Muslim League-Nawaz (PML-N), the prime minister held a meeting with IMF Managing Director Kristalina Georgieva […]
Pakistan to seek US help for staff-level agreement with IMF
- 13-Mar-2023
ISLAMABAD: Following the delay in the staff-level agreement with the International Monetary Fund (IMF), Pakistan has decided to seek US help for the revival of the stalled loan programme, ARY News reported, citing sources. Sources within the Finance Ministry familiar with the development said that the incumbent government has decided to seek Washington’s help as […]
Pakistan likely to sign staff-level agreement with IMF next week
- 06-Mar-2023
ISLAMABAD: Pakistan is likely to sign a staff-level agreement with the International Monetary Fund (IMF) next week, as the fund is satisfied with Islamabad’s efforts to meet the commitments for the revival of the stalled loan programme, ARY News reported, citing sources. The sources privy to the development have declared the development as a positive […]
IMF extends Pakistan’s loan program volume to $6.5bn
- 30-Aug-2022
ISLAMABAD: The International Monetary Fund (IMF) Executive Board has stalled the loan program for Pakistan and extended its volume to $6.5 billion from $6 billion, earlier. The Fund in a press release announced that the executive board completed the combined seventh and eighth reviews of the “extended arrangement” under the Extended Fund Facility (EFF) for […]