IMF Archives - Page 7 of 21

Pakistan Plans to Impose Fossil Fuel Surcharges Under IMF Deal

November 5, 2024November 5, 2024Shahnawaz Akhter

Karachi, November 5, 2024 – In a bid to bolster its tax-to-GDP ratio, Pakistan is set to introduce surcharges on fossil fuels as part of an aggressive revenue collection strategy outlined in the latest annual report by the Federal Board of Revenue (FBR), released on Tuesday. This initiative is in response to commitments made to […]

Pakistan’s Economy Shows Stability Under New IMF Program

November 2, 2024November 2, 2024Shahnawaz Akhter

Karachi, November 2, 2024 – Pakistan’s economy appears to be on a path of gradual stabilization, supported by the new International Monetary Fund (IMF) program, according to analysts at Topline Securities Limited. With significant improvements in external accounts, a sharp decrease in inflation, and fiscal consolidation, analysts suggest that while the growth outlook remains modest, […]

Aurangzeb Urges IMF Prioritize Social Safety, Climate Resilience

October 23, 2024October 23, 2024Mrs. Anjum Shahnawaz

Islamabad – In a pivotal address on Wednesday, Federal Minister for Finance Muhammad Aurangzeb underscored the urgent need for the International Monetary Fund (IMF) to integrate social protection mechanisms into its lending frameworks, particularly for economically vulnerable nations.

What Pakistan Committed to IMF for Aggressive FY25 Tax Collection

October 11, 2024October 11, 2024Shahnawaz Akhter

Karachi, October 11, 2024 – Pakistan has reaffirmed its strong commitment to the International Monetary Fund (IMF) to substantially increase tax collection in the fiscal year 2024-25. In its latest country report, the IMF outlined Pakistan’s pledge to implement robust fiscal policies designed to bolster tax revenues and meet stringent economic goals, as the country […]

IMF Projects Pakistan’s Economic Growth at 3.2% for 2024-25

September 29, 2024September 29, 2024Mrs. Anjum Shahnawaz

Islamabad – The International Monetary Fund (IMF) has projected Pakistan’s economic growth to reach 3.2% for the fiscal year 2024-25, marking an improvement from the 2.4% growth achieved in the previous fiscal year. This optimistic forecast comes as part of the IMF’s latest assessment following the approval of a $7 billion Extended Fund Facility (EFF) […]

SBP Receives First Tranche from IMF’s $7 Billion Loan Program

September 28, 2024September 28, 2024Shahnawaz Akhter

Karachi, September 27, 2024 – The State Bank of Pakistan (SBP) announced on Friday that it has received the first tranche of the International Monetary Fund’s (IMF) $7 billion loan program.

IMF Board Approves $7 Billion EFF for Pakistan

September 25, 2024September 25, 2024Mrs. Anjum Shahnawaz

In a significant economic development, the International Monetary Fund (IMF) Executive Board has approved a $7 billion Extended Fund Facility (EFF) for Pakistan. The Prime Minister’s Office (PMO) announced this on Wednesday, marking a crucial moment for the country’s struggling economy.

Aurangzeb Confident of IMF Loan Approval at September 25 Meeting

September 24, 2024September 24, 2024Mrs. Anjum Shahnawaz

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 […]

IMF Loan Hope: Aurangzeb Foresees Good News for Pakistan

September 20, 2024September 20, 2024Mrs. Anjum Shahnawaz

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.

IMF Takes Up Pakistan Loan Program on September 25 Agenda

September 17, 2024September 17, 2024Mrs. Anjum Shahnawaz

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.”

Tag: IMF