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.
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Aurangzeb Confident of IMF Loan Approval at September 25 Meeting
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 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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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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Pakistan Plans Fairer Taxation to Boost Revenue: IMF
Islamabad, May 27, 2024 – The International Monetary Fund (IMF) has announced that Pakistan is implementing fairer taxation policies aimed at boosting domestic revenue.
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