IMF Archives - Page 12 of 21

Pakistani Banks Face Sovereign Risk amid Rising Government Debt: IMF Report

July 20, 2023July 20, 2023Shahnawaz Akhter

Karachi, July 20, 2023 – Pakistani banks are exposed to sovereign risk due to the escalating levels of government debt, warned a report issued by the International Monetary Fund (IMF).

SBP Commits Not to Launch New Refinancing Schemes, IMF Country Report States

July 20, 2023July 20, 2023Shahnawaz Akhter

Karachi, July 20, 2023 – The State Bank of Pakistan (SBP) has made a commitment not to introduce new refinancing schemes, according to the latest country report on Pakistan issued by the International Monetary Fund (IMF).

Pakistan Plans New Trading Platform for Spot Transactions

July 19, 2023July 19, 2023Shahnawaz Akhter

Karachi, July 19, 2023 – Pakistan is set to establish a new trading platform for spot exchange rate transactions, as part of its commitment to the International Monetary Fund (IMF).

FBR Obliged to Share Large Taxpayers’ Data with IMF

July 19, 2023July 19, 2023Shahnawaz Akhter

Karachi, July 19, 2023 – The Federal Board of Revenue (FBR) in Pakistan is mandated to share data on the total number of large taxpayers in the country with the International Monetary Fund (IMF).

IMF Warns of Exceptionally High Economic Risks in Pakistan

July 18, 2023July 18, 2023Faisal Shahnawaz

Karachi, July 18, 2023 – International Monetary Fund (IMF) issued a warning on Tuesday, stating that Pakistan faces complex and multifaceted economic challenges, with risks that are exceptionally high.

IMF Transfers $1.2 Billion to State Bank of Pakistan under Stand-By Agreement

July 13, 2023July 13, 2023Mrs. Anjum Shahnawaz

Islamabad, July 13, 2023 – The International Monetary Fund (IMF) has transferred $1.2 billion to the State Bank of Pakistan (SBP) as part of a total of $3 billion approved by the IMF board. The remaining balance of $1.8 billion will be provided after two upcoming reviews scheduled for November 2023 and February 2024.

PM Sharif Hails Approval of IMF Bailout Package as a Milestone for Pakistan

July 13, 2023March 15, 2025Mrs. Anjum Shahnawaz

Islamabad, July 13, 2023 – Prime Minister Shehbaz Sharif has lauded the approval of a Stand-by Agreement totaling three billion dollars by the Executive Board of the International Monetary Fund (IMF) as a significant achievement.

IMF Board Greenlights $3 Billion Stand-By Arrangement for Pakistan

July 12, 2023February 26, 2024Mrs. Anjum Shahnawaz

Washington, DC, July 12, 2023 – In a move to bolster Pakistan economic stabilization efforts, the Executive Board of the International Monetary Fund (IMF) has granted its approval for a nine-month Stand-By Arrangement (SBA) worth SDR2,250 million (equivalent to approximately $3 billion or 111 percent of quota).

Pakistan Signs Letter of Intent for $3 Billion IMF Loan

July 2, 2023May 10, 2026Mrs. Anjum Shahnawaz

Islamabad: In a significant development, Pakistan signed a Letter of Intent (LOI) on Saturday, signaling its intention to obtain a nine-month, $3 billion loan program from the International Monetary Fund (IMF).

Pakistani Business Community Applauds IMF Agreement for Economic Stability

July 1, 2023July 1, 2023Faisal Shahnawaz

Karachi, July 1, 2023: Pakistani businessmen have expressed their appreciation for the recent loan agreement between Pakistan and the International Monetary Fund (IMF).

Tag: IMF