Islamabad, September 24, 2024 – Pakistan’s Finance Minister, Senator Muhammad Aurangzeb, expressed confidence on Tuesday that the International Monetary Fund (IMF) will approve a 37-month, $7 billion Extended Fund Facility (EFF) for Pakistan during its board meeting on September 25, 2024. His optimism comes as Pakistan seeks much-needed financial assistance to stabilize its economy and ensure sustained reforms.
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IMF Loan Hope: Aurangzeb Foresees Good News for Pakistan
Islamabad, September 20, 2024 – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, announced on Friday that Pakistan is expected to receive favorable news from the International Monetary Fund (IMF) on September 25, 2024.
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IMF Takes Up Pakistan Loan Program on September 25 Agenda
Islamabad – The International Monetary Fund (IMF) has confirmed that its Executive Board will consider Pakistan’s loan request under the Extended Fund Facility (EFF) on September 25, 2024. The agenda for the board meeting includes the “Pakistan – 2024 Article IV Consultation and Request for an Extended Arrangement under the Extended Fund Facility.”
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US Economy Booms, But Debt Remain Major Concerns: IMF
The International Monetary Fund (IMF) has concluded its latest assessment of the United States economy, highlighting both strong points and areas requiring attention.
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IMF, Pakistan Reach Staff-Level Agreement on $7 Billion EFF
Islamabad, July 13, 2024 – The International Monetary Fund (IMF) and Pakistan have announced a staff-level agreement for a $7 billion Extended Fund Facility (EFF). However, the disbursement of these funds awaits approval from the IMF’s executive board.
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Aurangzeb Anticipates IMF EFF Size Decision Within a Week
Islamabad: Finance Minister Muhammad Aurangzeb has announced that the size of the new International Monetary Fund (IMF) Extended Fund Facility (EFF) for Pakistan will be determined within a week.
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Pakistan Seeks Bigger Bite of IMF Apple: Requests $10 Billion
Islamabad, July 2, 2024 – Pakistan has requested the International Monetary Fund (IMF) to expand its proposed bailout package to $10 billion, citing the country’s deteriorating economic conditions.
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IMF and WB Group Announce Joint Bretton Woods at 80 Initiative
WASHINGTON, July 1, 2024 – In recognition of the 80th anniversary of the United Nations Monetary and Financial Conference, also known as the Bretton Woods Conference, the International Monetary Fund (IMF) and the World Bank (WB) Group today announced the launch of a new initiative.
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Aurangzeb Confident of Securing Major IMF Bailout
Finance Minister Muhammad Aurangzeb expressed optimism on Sunday about Pakistan’s prospects of securing a new bailout from the International Monetary Fund (IMF). This comes after President Asif Ali Zardari approved a tax-intensive budget for the upcoming fiscal year starting July 1.
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IMF Hails Pakistan for Tough Measures in 2024-25 Budget
ISLAMABAD, June 22, 2024 – The International Monetary Fund (IMF) has commended Pakistan for its stringent economic decisions embedded in the 2024-25 budget.
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