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Tag Archives: IMF

$497 tranche for Pakistan approved by IMF

Advertisements ISLAMABAD: The International Monetary Fund (IMF) on Thursday approved $497 million tranche for Pakistan after the review of a bailout package started in 2013. Advertisements “After constructive discussions, the mission and the Pakistani authorities have reached stafflevel agreement on the completion of the tenth review under the EFF (Extended …

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IMF confirms $500m for Pakistan, 10th tranche

ISLAMABAD: On Saturday, International Monetary Fund (IMF) has confirmed the 10th tranche for Pakistan under the Extended Fund Facility of about five hundred million dollars, Radio Pakistan reported. IMF Executive Board has approved the tranche and also completed the ninth review of economic performance under a three-year program. Advertisements The …

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External debts of Pakistan to pile $90b soon

Business Desk Islamabad: The external debt of the country is projected to mount to gigantic $90 billion in the next four years and Pakistan will require $20 billion per year merely to meet its external financing needs with the reservations that all constitutional preparations put in place to manage debt …

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IMF Executive Board approves immediate disbursement of $504.8m to Pakistan

WASHINGTON: After successfully completing the eights review of Pakistan’s economic performance, the Executive Board of International Monetary Fund (IMF) has decided to provide immediate disbursement of $504.8 million. After completing the review under a three year programme supported by an Extended Fund Facility (EFF) arrangement, the Executive Board also approved …

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World Bank lauds economic development in Pakistan, says Pakistan has improved credit rating

ISLAMABAD: The World Bank has lauded economic development in Pakistan added Pakistan has improved credit rating very much. This is said by World Bank Country Director Rachid Benmessoud. According to WB, Pakistan’s economy is improving due to prudent monetary and fiscal policies, strong capital inflows and robust remittances. After the …

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$506m approved for Pakistan by IMF

ISLAMABAD: International Monetary Fund (IMF) has endorsed issue of at least 506 million dollars as chunk of three-year loan scheme backed by Extended Fund Facility (EFF). According to a statement issued in Washington, IMF said that the instalment was released after seventh review of Pakistani’s economic performance was completed under …

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Pakistan becomes the 18th largest economy of the world: Ishaq Dar

WASHINGTON: Minister of Finance, Senator Ishaq Dar has claimed that Pakistan had become the 18th largest economy of the world whose forex reserves had risen to $17.67 billion. Interviewing to Washington-based Pakistani journalists, Dar said that the forex reserves are expected to touch the higher figure this year than before …

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Pakistan’s Liquid Forex Reserves at $16,706.3 million

KARACHI: Pakistan’s total liquid foreign exchange (forex) reserves are at $16,706.3 million for the week ended on April 03,2015 as compared to $16,194.2 million of the previous week, ended at March 27, as reported by Domestic Markets & Monetary Management Department of the State Bank of Pakistan (SBP). During the week, the …

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Pak Economy starts to grow: Finance Minister

ISLAMABAD: Finance Minister Ishaq Dar has said that economy of the country has started to grow again and it is on right track due to far-reaching structural reforms, stabilization measures and initiatives of the past 21 months. Delivering a key-note address at the “Third Pakistan-US Business Opportunities Conference” in Islamabad …

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Mini-Budget: Govt. revises taxation policy

ISLAMABAD: The federal government of Pakistan revises taxation policy for over 285 importable products like furnace oil for power generation, luxury items, and metal scrap,  and increasing tax rates of withholding taxes and for non-filers of tax returns to comply with the agreement conditions of International Monetary Fund (IMF). Mini …

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IMF names Pakistanis to be the most dominant

KARACHI: The International Monetary Fund (IMF) has named a Pakistani-American as one of 25 young economists who are expected to be most high-ranking in the decades to come. In its September edition of Finance and Development, a quarterly publication of the IMF, the Washington-based lender has named 39-year-old Atif Mian, …

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IMF predicts 13% fall in Pakistani rupee

ISLAMABAD: It is stated by the International Monetary Fund that the rupee-dollar parity at Rs113.7 to a dollar while anticipating for the current fiscal year – a rate that implies over 13% depreciation of the Pak rupee against the greenback. Though the Washington based lender has not conspicuously stated the …

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IMF gives a tranche of $556 million to Pakistan

KARACHI: the fourth installment of an International Monetary Fund (IMF) which was approved last year to pillow the country’s hovering economy, worth $556 million has been handed over to Pakistan. The last month’s review made by IMF over the current economic Graff in Pakistan convinced that Extended Facility Fund (EFF) …

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IMF is a snare for Pakistan: Pakistan Economy Watch

Islamabad:Pakistan Economy Watch (PEW) has given a caution that selling of valuable national assets to meet the budget deficit is a blunder and would push Pakistan in the trap of IMF. The president of PEW Dr Murtanza said that the policy makers’ intention in reducing deficit by privatizing the national …

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