IMF, Pakistan
IMF chief credits Pakistan's reforms for $7 billion approval
The head of the International Monetary Fund has praised Pakistan's economic reforms, crediting them for the approval of a new $7 billion loan program for the financially struggling nation. The remarks by IMF Managing Director Kristalina Georgieva were aired on Pakistani television channels Thursday.
IMF-backed reforms to boost Pakistan’s growth to 2.8% in FY25: ADB
The Manila-based lender projects a moderate growth rate of 2.8% for Pakistan in FY25, driven by the 37-month Extended Fund Facility (EFF) agreement between Pakistan and the IMF. The ADB reported that growth in Pakistan rebounded to 2.4% in FY2024, while inflation was lower than anticipated.
IMF approves $7 billion loan for Pakistan, which will get $1 billion immediately
The executive board of the International Monetary Fund has approved a new $7 billion loan for cash-strapped Pakistan, authorities said Wednesday, more than two months after the two sides said they had reached an agreement.
IMF approves $7bn loan to cash-strapped Pakistan
The International Monetary Fund (IMF) has approved a $7bn (£5.25bn) loan to cash-strapped Pakistan. The country is due to receive the first $1bn of the loan immediately, with the balance to be paid out over the next three years.
Pakistan braces for 'transitional pain' as IMF approves $7 bn loan
Pakistan said Thursday it would have to go through "transitional pain" after the International Monetary Fund agreed to a new relief package of $7 billion to bolster its faltering economy.
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IMF urges fairer taxation system, broadening of tax base in Pakistan
The International Monetary Fund (IMF) has stressed the need of a fairer taxation system in Pakistan with participation of all ...
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Finance Minister Aurangzeb urges reforms to avoid IMF in future
ISLAMABAD/KARACHI: Fed­eral Minister for Finance and Revenue Muhammad Aurangzeb on Thursday said that fundamental economic ...
Pakistan cuts 150,000 jobs, dissolves 6 ministries for $7 billion IMF deal
Pakistan is set to reduce administrative expenditures by cutting 150,000 government jobs and closing six ministries as part ...
Bangladesh Sangsbad Sangstha14h
Govt seeks WB-IMF support for reform & development
DHAKA, Sep 29, 2024 (BSS)- Adviser of the interim government on the Ministries of Finance and Commerce Dr Salehuddin Ahmed ...
IMF Demands More Power Subsidy Cuts, Revision of NFC Reward, Tax Reforms
Pakistan faces stricter conditions under the recently approved International Monetary Fund (IMF) $7 billion loan program.
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Pakistan slashes 150,000 jobs, dissolves six ministries under IMF deal
Pakistan cuts government spending, closes ministries, and merges others as part of IMF reforms, aiming to achieve fiscal ...
Bangladesh Says IMF Will Fast-Track Loans to Support Reforms
The International Monetary Fund has agreed to fast-track financial assistance to Bangladesh for supporting the new government ...
IMF says its board approved $210 million arrangement for Liberia
The International Monetary Fund said on Wednesday its executive board approved an arrangement of about $210 million for ...
Cash-Strapped Pakistan Cuts 150,000 Jobs, Dissolves 6 Ministries Under IMF Deal
IMF approved an aid package to Pakistan after pledging to cut spending, raise taxes, limit subsidies, and transfer fiscal ...
Cash-strapped Pakistan cuts 150,000 jobs, dissolves 6 ministries as part of IMF
Aurangzeb also said that the non-filers category will be abolished and those not paying taxes will no longer be able to ...