Karachi, March 04, 2020: State Bank of Pakistan (SBP) Governor Dr Reza Baqir Tuesday said that the International Monetary Fund (IMF) is government’s partner in reforming the country’s current economic system. In a briefing to the Public Accounts Committee (PAC) under the chairmanship of Rana Tanvir Hussain, the governor further said the relationship with IMF…
Karachi, February 17, 2020: The Ministry of Finance has described as misleading and factually incorrect a news item published in a section of the press suggesting that tough prior actions [are] needed for IMF’s $452 million third tranche. In an official statement issued here, the Ministry of Finance has stated that it is completely normal…
Karachi, February 14, 2020: Pakistan has made considerable progress in the last few months in advancing reforms and continuing with sound economic policies. According to a Statement issued by IMF at the Conclusion of the IMF Mission to Pakistan, all end-December performance criteria were met, and structural benchmarks have been completed. Steadfast progress on program…
Islamabad, December 28, 2019: Pakistan’s general government debt (including guarantees & IMF borrowing) during the first quarter of current fiscal year, showed significant decline as it fell to 84.7 percent of Gross Domestic Product (GDP), however by the end of previous year, the country’s debt had risen to 88 percent of GDP. A recently published…
Karachi, September 19, 2019: A delegation of the International Monetary Fund (IMF) led by the Director Middle East and Central Asia Department, Mr. Jihad Azour, called on the Governor State Bank of Pakistan Dr. Reza Baqir today in Karachi. He was accompanied by the IMF Mission Chief to Pakistan, Mr. Ernesto Ramirez Rigo; Resident Representative…