IMF

IMF sets stricter conditions for bailout package

IMF sets stricter conditions for bailout package

ISLAMABAD: As talks enter the final phase, the International Monetary Fund (IMF) has set even stricter conditions for Pakistan to implement in exchange for a bailout package – much needed for economic revival. Some of the major conditions include imposition of more taxes worth Rs150 billion, further reduction in the rupee value as well as a […]

‘Path of thorns’: An IMF bailout set to impede PM Imran Khan’s populist agenda

‘Path of thorns’: An IMF bailout set to impede PM Imran Khan’s populist agenda

ISLAMABAD (Reuters) – From cutting power subsidies to forcing currency devaluations that stoke inflation, the hard choices facing Pakistan as it seeks a bailout from the International Monetary Fund (IMF) pose a major headache for populist new Prime Minister Imran Khan.Pakistani officials met IMF representatives this week in Bali and formally requested Islamabad’s 13th bailout […]

Pakistan has requested for financial assistance: IMF

Pakistan has requested for financial assistance: IMF

NUSA DUA, INDONESIA: Pakistan has requested financial assistance from the International Monetary Fund to address its economic challenges, IMF Managing Director Christine Lagarde said on Thursday.Lagarde said in a statement that the request came during her meeting with Finance Minister Asad Umar, and State Bank of Pakistan (SBP) Governor Tariq Bajwa on the sidelines of the IMF […]

IMF says Pakistan has not approached fund for deal

IMF says Pakistan has not approached fund for deal

BALI (AFP) – The International Monetary Fund said Tuesday Pakistan has not approached the body to begin negotiations for a possible bailout to stem a balance of payments crisis, hours after Islamabad announced it will enter talks.Prime Minister Imran Khan’s new administration took office in August vowing to weigh up whether to seek an IMF […]

IMF only viable option, PM Imran Khan told

IMF only viable option, PM Imran Khan told

ISLAMABAD: An International Monetary Fund (IMF) bailout package remains the only viable option for Pakistan to arrest deterioration in macroeconomic situation and restore shattering confidence of markets, Pakistan’s negotiating team informed Prime Minister Imran Khan on Thursday.Khan was chairing a meeting on the IMF programme, which was attended by Finance Minister Asad Umar, the State Bank […]

IMF delegation to reach Pakistan today

IMF delegation to reach Pakistan today

ISLAMABAD  – A delegation of International Monetary Fund (IMF) delegation is scheduled to arrive in Pakistan on Thursday, on September 27, 2018, for crucial talks.The IMF delegation will meet Minister for Finance, Revenue and Economic Affairs Asad Umar and Minister for planning and development during week-long stay in Pakistan.IMF delegation is expected to hold talks […]

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