ISLAMABAD: The International Monetary Fund (IMF) and the Government of Pakistan have begun virtual discussions on the federal budget for fiscal year 2025–26, with negotiations scheduled to continue until May …
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Pakistan Receives $1.02 Bn Second Tranche from IMF
by Umar Sohailby Umar SohailIslamabad: The State Bank of Pakistan (SBP) confirmed on Wednesday that it has received the second installment under the Extended Fund Facility (EFF) from the International Monetary Fund (IMF), amounting …
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IMF Board Approves First Review of EFF; India Plea Rejected
by Umar Sohailby Umar SohailWashington/Islamabad: International Monertay Fund (IMF) Executive Board approved Pakistan first review and second tranche and Climate Resilience Loan, paving the way for release of $ 1.3 billion loan tranche. The …
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IMF Reduces Pakistan GDP Growth Projection to 2.6%
by Umar Sohailby Umar SohailIslamabad/Washington: The International Monetary Fund (IMF) has revised down its growth forecast for Pakistan to 2.6%, attributing the reduction to the imposition of high US tariffs, now at century-high levels. …
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IMF Instructs Center to Cease Funding of 168 Provincial Projects
by Umar Sohailby Umar SohailIslamabad: The International Monetary Fund (IMF) has directed Pakistan to exclude provincial development projects from the federal budget, pushing the federal government to halt funding for initiatives that fall under …
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Pakistan Secures $12.5 Billion in Foreign Loans Amid Funding Challenges
by Umar Sohailby Umar SohailIslamabad: In the first nine months of the 2024-25 fiscal year, Pakistan has managed to secure $12.5 billion in foreign loans, falling short of the annual $19.2 billion target set …
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Minister meeting IMF, World Bank Heads – Focus on Growth, Reforms
by Umar Sohailby Umar SohailIslamabad: Finance Minister Muhammad Aurangzeb held important meetings with the heads of the IMF and World Bank in Washington, marking the start of a series of high-level discussions as part …
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IMF Program Impossible Without China Support: PM
by Umar Sohailby Umar SohailIslamabad: Prime Minister Shehbaz Sharif, during his recent address, emphasized the critical role China played in helping Pakistan secure its latest program with the International Monetary Fund (IMF), stating that …
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Macroeconomic Stability Restored, Says SBP Governor
by Umar Sohailby Umar SohailKARACHI: Governor of the State Bank of Pakistan (SBP), Jameel Ahmed, on Monday stated that Pakistan has successfully emerged from a period of severe macroeconomic distress, characterized by soaring inflation, …
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Aurangzeb Set to Visit US for IMF, World Bank Meetings
by Umar Sohailby Umar SohailISLAMABAD: Finance Minister Muhammad Aurangzeb is scheduled to travel to the United States next week to participate in the Spring Meetings of the International Monetary Fund (IMF) and the World …