Results for “IMF loan” (4)

3 years ago

Pakistan faces default risk without IMF loan: Moody's

Moody's Investor Service warned that without an International Monetary Fund (IMF) program Pakistan could default as its financing options beyond June are "uncertain". “We consider that Pakistan will meet its external payments for the remainder of this fiscal year ending in June," a sovereign analyst with the rating company in Singapore Grace Lim said. “However, Pakistan’s financing options beyond June are highly uncertain. Without an IMF program, Pakistan could default given its very weak reserves,” he added. Read More…

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Hafsa Mustafa Posted in Business

3 years ago

SBP likely to raise interest rate to unlock IMF loan programme

State Bank of Pakistan (SBP) is likely to raise the interest rate by 2 per cent at the upcoming meeting of the Monetary Policy Committee (MPC) to unlock the stalled IMF loan program. The staff-level agreement between the International Monetary Funds (IMF) and Pakistan was scheduled to take place on February 9. Read More…

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Hafsa Mustafa Posted in World

3 years ago

Ukraine to clinch first IMF loan to nation at war

The International Monetary Fund (IMF) says it has reached a staff-level agreement with Ukraine on funding worth $15.6bn. The organisation's first loan to a country at war is expected to be approved in the coming weeks. It would also be one of the largest financing packages Ukraine has received since Russia's invasion. Read More…

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Alina Hashmi Posted in Business

3 years ago

Pakistan-IMF loan talks on track: Ishaq Dar

Islamabad: Finance Minister Ishaq Dar said on Thursday that talks with the International Monetary Fund (IMF) were "on track" and the government would share "good news" on the matter today. The finance minister made these comments during a media talk in Islamabad following a road safety conference amid hopes that the two sides would soon reach a deal after "tough" talks. Read More…

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