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…
Karachi, September 6, 2019: The reforms agenda being pursued by the government with the support of IMF Extended Fund Facility (EFF) is aimed at putting the economy on a sustainable growth trajectory and the progress on nearly all the performance and structural benchmarks during Q1 FY20 is so far very encouraging with strong indication that…
Karachi, July 10, 2019: Major development on the economic front as Pakistan on Wednesday morning received one billion dollars from International Monetary Fund (IMF) as the first tranche of a bailout package for balance of payment support. State Bank of Pakistan’s spokesman has confirmed that SBP has received IMF First Tranche of $991.4 million which…