The approval will unlock from Pakistan’s international partners around US$38 billion over the program period. Washington (US), July 3, 2019: The Executive Board of the International Monetary Fund (IMF) on Wednesday approved a 39-month extended arrangement under the Extended Fund Facility (EFF) for Pakistan for an amount of SDR 4,268 million (about US$6 billion or…
Karachi, May 16, 2019: Pak Rupee on Thursday further devalued against the US dollar due to free float mechanism policy as demanded by International Monetary Fund (IMF). The value of the US dollar against the rupee touched all-time high to approximately Rs. 148 in the interbank market. During the intraday trading the value of Pakistan…
Islamabad, May 12, 2019: The Extended Fund Facility arrangement aims to support the authorities’ strategy for stronger and more inclusive growth by reducing domestic and external imbalances, removing impediments to growth, increasing transparency, and strengthening social spending. An ambitious structural reform agenda will supplement economic policies to rekindle economic growth and improve living standards. Financing…
Islamabad, April 23, 2019: The Executive Board of the International Monetary Fund (IMF) has approved the fund’s administrative and capital budgets for financial year (FY) 2020, beginning on May 1, 2019. According to IMF press statement received here Tuesday, the board had approved the budget on April 5, 2019, besides taking note of indicative budgets…
Islamabad, April 15, 2019: International Monetary Fund (IMF) mission is visiting Pakistan end of this month to finalize the size of bailout package. While, briefing the National Assembly’s Standing Committee on Finance, Revenue and Economic Affairs here on Monday, Federal Finance Minister Asad Umar said that IMF bailout agreement is almost finalised and will share…