December 8, 2022

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Pakistan Revenue

Tag: IMF

Pakistan reaffirms commitment to complete IMF program
Nov 17
Finance, Top stories

Pakistan reaffirms commitment to complete IMF program

ISLAMABAD: Pakistan on Thursday reaffirmed commitment to complete the loan program under International Monetary Fund (IMF). The resolve has been expressed at an online meeting of Finance Minister Ishaq Dar with Nathan Porter, IMF Mission Chief for Pakistan. The two sides discussed the progress made with the ongoing IMF program, particularly the impact of floods […]

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Pakistan receives $1.16 billion from IMF State Bank of Pakistan
Aug 31
Finance, Top stories

Pakistan receives $1.16 billion from IMF

KARACHI: The State Bank of Pakistan (SBP) on Wednesday received $1.16 billion from International Monetary Fund (IMF) under Extended Fund Facility. SBP in a Tweet said that it had received proceeds of $1.16 billion (equivalent of SDR 894 million) after the IMF Executive Board completed the combined seventh and Eight review under the EFF for […]

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IMF board allows $1.1 billion disbursement for Pakistan
Aug 30
Finance, Top stories

IMF board allows $1.1 billion disbursement for Pakistan

Washington, DC: Pakistan will get around $1.1 billion from the International Monetary Fund (IMF) after its executive board on Monday allowed immediate disbursement. The Executive Board of the International Monetary Fund (IMF) completed today the combined seventh and eighth reviews of the Extended Arrangement under the Extended Fund Facility (EFF) for Pakistan. The Board’s decision […]

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Fitch revises Pakistan’s outlook to negative
Jul 19
Finance, Top stories

Fitch revises Pakistan’s outlook to negative

HONG KONG: Fitch Ratings on Monday revised Pakistan’s Outlook to Negative from Stable, while affirming its Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B-‘. In a statement the international rating agency said that the revision of the Outlook to Negative reflects significant deterioration in Pakistan’s external liquidity position and financing conditions since early 2022. “We […]

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SBP’s monetary policy tightening appropriate: IMF
Jul 14
Finance, Top stories

SBP’s monetary policy tightening appropriate: IMF

ISLAMABAD: The International Monetary Fund (IMF) has supported the monetary tightening by the State Bank of Pakistan (SBP) saying that it was necessary to bring down inflation. The IMF in a statement related to Staff Level Agreement (SLA) with Pakistan authorities, issued on Thursday said that Pakistan’s headline inflation exceeded 20 percent in June, hurting […]

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Moody’s changes Pakistan’s outlook to negative
Jun 2
Finance, Top stories

Moody’s changes Pakistan’s outlook to negative

SINGAPORE: Moody’s Investors Service on Thursday June 2, 2022 affirmed the Government of Pakistan’s B3 local and foreign currency issuer and senior unsecured debt ratings, the (P) B3 senior unsecured MTN programme rating, and changed the outlook to negative from stable. A statement issued by the Moody’s stated that the decision to change the outlook […]

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