Skip to content
Pakistan Times Today

Results for “IMF deal” (11)

Hafsa Mustafa Posted in Uncategorized

IMF deal to improve funding for Pakistan: Moody’s

Global rating agency Moody’s on Tuesday said that Pakistan’s recent staff-level agreement with the International Monetary Fund (IMF) will improve funding prospectes for the cash-strapped South Asian nation. The Shehbaz Sharif-led government and the IMF reached a three-year, $7 billion aid package deal on Saturday, providing much-needed respite to the nation. This agreement marks a critical step towards stabilizing Pakistan’s economy, which has been under severe strain. Read More…

0 Comments

Alina Hashmi Posted in Politics

COAS made ‘tremendous efforts’ to secure IMF deal: PM Shehbaz

Prime Minister Shehbaz Sharif said that Chief of Army Staff (COAS) Asim Munir made “tremendous efforts” for securing financial pledges from friendly countries and meeting the “last” of International Monetary Funds’ (IMF) conditions for the revival of bailout program. The premier’s statement came during a meeting of allies part of the PML-N-led ruling coalition at the Centre, as he announced that negotiations with the IMF were in the final stages. Read More…

0 Comments

Alina Hashmi Posted in Politics

Pakistan shares plan to secure IMF deal

Islamabad: The coalition government shared its plan with the International Monetary Fund (IMF) for securing an additional $3 billion to bridge the financing gap. The IMF is seeking “necessary” financing assurances at the earliest to conclude talks with Pakistan on its stalled bailout, Fund’s mission chief for Pakistan, Nathan Porter, confirmed last week. Read More…

0 Comments

Alina Hashmi Posted in Business

Stocks gain 452 points on expected IMF deal

Shares at the Pakistan Stock Exchange (PSX) witnessed a bullish trend in early trading session on Monday. The benchmark KSE-100 index gained 452.03 points, or 1.08 percent, to reach 42,246.69 points at 10:38 am. According to market analysts, positive sentiments prevailed at the PSX because of reports of expected IMF deal this week and reported extension in Saudi Arabia's deferred oil facility by a year. Read More…

0 Comments

Alina Hashmi Posted in Politics

Shaukat Tarin booked for sabotaging IMF deal

Islamabad: The cyber crime wing of the Federal Investigation Agency (FIA) registered a case against former federal finance minister Shaukat Tarin. A case was registered against Tarin over alleged viral audio on social media under the Pakistan Electronic Crimes Act (PICA) on the complaint of Arshad Mehmood. According to the FIR, in the alleged audio leak , Taimur Saleem Jhagra and Shaukat Tarin were having a conversation with Mohsin Laghari. Read More…

0 Comments

Alina Hashmi Posted in Politics

Taxes to be imposed through mini-budget prior to IMF deal: Ishaq Dar

Hours after the International Monetary Fund (IMF) issued a statement on its talks with Pakistan, Finance Minister Ishaq Dar said that the parleys with the global lender ended "positively". The government would have to impose Rs170 billion in taxes through a mini-budget to revive the loan program, he added. Addressing the media, he confirmed that the government had received the draft of the Memorandum of Economic and Financial Policies (MEFP) from the Washington-based lender. Read More…

0 Comments

Alina Hashmi Posted in Politics

PTI plotting against IMF deal: Shehbaz Sharif

"Self-centred politics can cause irreparable damage to Pakistan as a party is playing politics over the agreement with the International Monetary Fund (IMF) when the lender's board meeting is around the corner," Prime Minister Shehbaz Sharif said, without naming the PTI. "I have never seen such self-centered politics; it will be a huge injustice with Pakistan and a big conspiracy against the country,” the premier said on his visit to the flood victims in Sujawl, Sindh. Read More…

0 Comments

Alina Hashmi Posted in Politics

Finance Minister denies 'delay' in IMF deal

Finance Minister Miftah Ismail on Monday refuted reports claiming that the International Monetary Fund's (IMF) loan program for Pakistan had been postponed. "I have been reading with some amusement all the tweets and stories about IMF program being postponed or delayed due to some anti-corruption law. There is no truth to it. The IMF program is on track," Ismail clarified in a tweet. Read More…

0 Comments

Sanniah Hassan Posted in Uncategorized

An increase in interest rate shows IMF deal not enough

Pakistan: Pakistan's trade deficit is at an all-time high, its inflation rate is the highest in Asia, and its stock market is among the worst in the world, according to Bloomberg. This is putting pressure on the government to take steps beyond the recent revival of a $6 billion loan from the International Monetary Fund (IMF). The central bank boosted the key interest rate by 1.5 percentage points in advance of its review meeting last month, causing the first signals of alarm. Traders are projecting a one-percentage-point increase when the… Read More…

0 Comments