IMF dismisses misconceptions on Pakistan loan following Indian journalist’s query
- 23-May-2025
WASHINGTON: International Monetary Fund (IMF) Director of Communications, Julie Kozack, firmly responded to an Indian journalist’s provocative question regarding funding for Pakistan during the press briefing During a press briefing, Indian journalist had asked Kozack whether Pakistan could use IMF funds to support cross-border terrorism. Julie Kozack categorically rejected the notion, stating that the IMF […]
Pakistani rupee gains strength as IMF loan eases pressure
- 05-Oct-2024
KARACHI: After receiving the first tranche from the International Monetary Fund (IMF), the Pakistani rupee (PKR) showed signs of recovery against the US Dollar, ARY News reported on Saturday. According to the weekly report from the currency market, the Pakistani rupee (PKR) strengthened against the USD following the approval and receiving of the first tranche […]
Pakistan makes formal request for fresh IMF package
- 20-Apr-2024
Pakistan has made a formal request to International Monetary Fund (IMF) for seeking the next bailout package in the range of USD 6 to USD 8 billion under the Extended Fund Facility (EFF), Athe RY News reported on Saturday quoting sources. According to sources, Pakistan has submitted two applications seeking assistance from the International Monetary […]
Pakistan likely to sign fresh IMF loan programme
- 14-Feb-2024
ISLAMABAD: Pakistan is likely to sign a fresh loan programme with the International Monetary Fund (IMF), after the completion of the current one, ARY News reported on Wednesday, citing sources within the finance ministry. As per details, Islamabad is expected to sign the Extended Fund Facility programme for three years and would share budget proposals […]
PM Shehbaz Sharif thanks MD IMF for approving $3b loan
- 12-Jul-2023
ISLAMABAD: Prime Minister Shehbaz Sharif has thanked Managing Director (MD) of the International Monetary Fund Kristalina Georgieva after IMF executive board approved a $3 billion loan for Pakistan, ARY News reported on Wednesday. In a Twitter message, PM Shehbaz Sharif said, “The approval of Stand-by Agreement of $3 billion by the IMF’s Executive Board a […]
US dollar gains value against rupee despite IMF deal
- 02-Sep-2022
KARACHI: The rupee faced a setback on Friday after it shed its value against US dollar in the interbank on Friday, a day after the State Bank of Pakistan received a loan tranche from the International Monetary Fund (IMF), ARY NEWS reported. According to forex dealers, the rupee moved downwards by Rs0.38 against US […]
Rupee strengthens against US dollar as SBP receives IMF loan
- 01-Sep-2022
KARACHI: The rupee strengthened against the US dollar on Thursday after the State Bank of Pakistan confirmed received the loan tranche of US$1.16 billion from the IMF in the treasury, ARY NEWS reported. According to the SBP, the US dollar shed value by Rs0.15 against rupee and traded at Rs218.60 while forex dealers said that […]
IMF executive board meets today to release Pakistan’s loan
- 29-Aug-2022
ISLAMABAD: A crucial meeting of the Executive Board of the International Monetary Fund (IMF) will be held today (Monday) for approving the release of a loan tranche of US$1.17 billion for Pakistan. The IMF executive board will review the seventh and eighth economic review of the country and will consider extending the timeframe of the […]
IMF loan tranche will bring stability to economy: Shaukat Tarin
- 03-Feb-2022
ISLAMABAD: Finance Minister Shaukat Tarin Thursday said the approval of 6th tranche by the International Monetary Fund (IMF) is encouraging and it will bring stability to the country’s economy. In a video statement, he said the approval of the sixth tranche of loan by IMF for Pakistan indicates that the international lender agrees to Pakistan’s […]
‘Pakistan, IMF reach agreement over release of nearly US$1 bn’
- 22-Nov-2021
ISLAMABAD: Adviser to Prime Minister on Finance Shaukat Tarin Monday announced that Pakistan and International Monetary Fund (IMF) have reached a staff-level agreement and the latter would release nearly US$1 billion of the US$6 billion loan tranche, ARY NEWS reported. Addressing a presser along with the federal ministers, Shaukat Tarin said that IMF had accepted […]