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Ministry refutes news of adhering stricter IMF conditions before third loan tranche

Ministry of Revenue and Finance refuted reports regarding strict IMF conditions being approved by Pakistan before the third instalment of the loan.

Governor Reza Baqir briefs IMF team on SBP’s reform programme

'Transition to a market-based exchange rate system, building foreign exchange reserves, and bringing down inflation were key elements of the SBP’s reform programme to restore financial stability'

IMF bars Pakistan from future amnesty schemes on tax or assets

The International Monetary Fund (IMF) in a report clearly stated that Pakistan would not hold another tax amnesty scheme or an asset declaration scheme in the future

Pakistan receives IMF’s first tranche of $ 1 billion today

ISLAMABAD: Pakistan to get first tranche of International Monetary Fund (IMF) approved loan today (Monday), ARY News reported.

IMF to launch new form of aid — with no money

WASHINGTON: The International Monetary Fund announced on Wednesday it will launch a new tool to support governments in financial trouble -- but one that involves...

Pakistan’s trade deficit widens to historic high

ISLAMABAD: The trade deficit of the country has widened to a historic level in first nine months of the current fiscal year (FY2016-17) by...

Letter bomb at IMF’s Paris office injures employee

PARIS: A female employee of the International Monetary Fund was injured in the face and arms on Thursday when a letter bomb posted to...

Pakistan’s economy progressing despite recent surge in terrorism: US magazine

ISLAMABAD: An American magazine has stated that Pakistan's economy is on progressing trajectory despite the surge in terrorist attacks in the country, ARY News...

Sri Lanka says it secures $1.34 bn World Bank loan

COLOMBO: Sri Lanka has secured $1.34 billion in loans from the World Bank to boost the cash-strapped island's economy over the next three years,...

Qatar to spend $13bn on ‘mega projects’ in 2017

DOHA: Qatar will invest up to $13 billion in major infrastructure projects next year despite a slump in revenues resulting from low energy prices,...

IMF chief lauds PM Nawaz on completing economic reform programme

ISLAMABAD: Managing Director International Monetary Fund (IMF) Christine Lagarde congratulated Prime Minister Nawaz on the completion of country’s IMF-supported economic reform programme. “Pakistan has achieved...

IMF urges key G20 countries to spend more for growth

CHENGDU: The International Monetary Fund (IMF) has warned risks to the global economy are growing, as it called on some G20 nations to boost government spending.

Pound, Asia markets collapse as Britain quits EU

LONDON: The pound collapsed to a 31-year low and currency, equity and oil markets went into freefall Friday as projections showed Britain has voted to leave the European Union.

China’s total debt is more than double GDP: govt economist

BEIJING: China's total borrowings were more than double its gross domestic product (GDP) last year, a government economist said, warning that debt linkages between the state and industry could be "fatal" for the world's second largest economy.

Global oil demand growth to slow in 2016: IEA

PARIS: The world's demand for oil is expected to slow in 2016 in response to a more pessimistic outlook for the global economy, the International Energy Agency (IEA) said Tuesday.

Africa being left out of climate aid: development bank

LIMA, PERU: The head of the African Development Bank says the continent is not getting enough of the billions of dollars in climate change funding, despite being the region that suffers most.

IMF approves 8th installment of $500m for Pakistan

WASHINGTON: International Monetary Fund has approved 8th installment of five hundred million dollars for Pakistan.

Asia doing pretty well despite China slow down: Lagarde

JAKARTA:International Monetary Fund chief Christine Lagarde on Wednesday declared Asian economies were doing "pretty well" despite the volatility caused by China's slowdown and unease on global financial markets.

Pakistan’s economic growth hamstrung by low tax collection, says report

ISLAMABAD: Despite recent optimism surrounding Pakistan's economy, the country is facing an "existential crisis" stemming from its woeful tax collection rates and inability to finance itself, a report said Wednesday.

IMF approves tranche worth $501.4mn to Pakistan under the EFF

WASHINGTON: The Executive Board of the International Monetary Fund (IMF) on Friday completed the sixth review of Pakistan’s economic performance under a 36-month program supported by an Extended Fund Facility (EFF) arrangement, ARY News has learnt.
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