IMF KARACHI: According to a report on Sunday, the rupee is anticipated to maintain stability in the coming months, largely due to the possibility of a new agreement with the …
Standby Arrangement (SBA)
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Economy
IMF Mission Extends Stay Amid Lack of Consensus on Staff-Level Agreement
by Hamza Irshadby Hamza IrshadIMF Mission ISLAMABAD: The International Monetary Fund (IMF) review mission has prolonged its stay in Pakistan by a day, signaling a lack of consensus between both parties regarding a staff …
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Economy
Pakistan Plans to Secure Over $8 Billion IMF Bailout Package in Next Month
by Hamza Irshadby Hamza IrshadIMF Bailout Package ISLAMABAD: Pakistan is gearing up to formally request a larger and extended bailout package from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF). According …
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Today marks a pivotal moment in Pakistan’s economic journey as negotiations for the final economic review of the Standby Arrangement Loan Program with the International Monetary Fund (IMF) commence, signifying …
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International
India Seeks to Hinder IMF Loan for Pakistan, Raising Regional Tensions
by Hamza Irshadby Hamza IrshadIMF Loan As Pakistan seeks a new IMF loan program to address its financing needs of $6-8 billion, India has attempted to block the facility for Islamabad. India’s nominee, executive …
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Economy
Fitch Ratings: Pakistan’s Election Results Pose Risks to Prospective New IMF Deal
by Hamza Irshadby Hamza IrshadIMF Deal Fitch Ratings has expressed concern over the close outcome of Pakistan’s recent election, suggesting that the resulting political uncertainty may complicate the nation’s efforts to secure a new …
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Economy
IMF Review Mission Eyes Pakistan After Formation of New Governments
by Hamza Irshadby Hamza IrshadIMF Review Mission ISLAMABAD: The International Monetary Fund (IMF) review mission is scheduled to visit Pakistan once the new governments are established, a process expected to take two to five …
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Economy
SBP Maintains 22% Interest Rate for the Fifth Consecutive Meeting
by Hamza Irshadby Hamza IrshadInterest Rate The State Bank of Pakistan (SBP) has maintained its key interest rate at 22 percent for the fifth consecutive policy meeting, with the decision announced just ahead of …
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Economy
Pakistan’s Economy Projected to Grow 2-2.5% in Fiscal Year 2023, Says Shamshad Akhtar
by Hamza Irshadby Hamza IrshadEconomy Caretaker Finance Minister Shamshad Akhtar delivered positive economic projections on Saturday, stating that Pakistan’s economy is expected to grow by 2-2.5% in the current fiscal year 2023-24. Addressing the …
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Loan The United Arab Emirates (UAE) has officially confirmed the extension of its two deposits, each valued at $1 billion, with the State Bank of Pakistan (SBP) for an additional …