Karachi, March 20, 2024 – Pakistan has reached a significant milestone in its economic partnership with the International Monetary Fund (IMF), as both parties have reached a staff-level agreement (SLA) for the second and final review under the Stand-By Arrangement (SBA).
(more…)Tag: International Monetary Fund
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IMF Initiates Investigation into Cyber-Security Incident
Washington, DC, March 15, 2024 – The International Monetary Fund (IMF) has confirmed the occurrence of a cyber-security incident, which was detected on February 16, 2024.
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Pakistan Set to Launch Online FX Trading Platform by Month-End
Karachi, January 22, 2024 – In a strategic move, Pakistan has announced its plans to introduce an online trading platform for foreign exchange by the end of January 2024, marking a significant step toward enhancing transparency and efficiency in the country’s FX market.
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Pakistan Set to Enhance Tax Rates for Additional Revenue
Karachi, January 20, 2024 – In a bid to generate additional tax revenue, Pakistan is gearing up to implement increased tax rates, as outlined in the country report on Pakistan issued by the International Monetary Fund (IMF) on Friday.
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IMF Urges Pakistan to Boost Revenue from Non-Filers
Karachi, January 12, 2024 – The International Monetary Fund (IMF) has advised Pakistan to enhance revenue collection from non-filers to support social and development initiatives.
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IMF Board Greenlights $700 Million Boost for Pakistan Economy
Karachi, January 11, 2024 – In a significant development, the Executive Board of the International Monetary Fund (IMF) has granted approval for an immediate disbursement of $700 million to Pakistan.
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IMF Includes Pakistan in Executive Board Agenda on Jan 11
Karachi, January 2, 2024 – The International Monetary Fund (IMF) has scheduled Pakistan on its Executive Board agenda for January 11, 2024, as indicated on its updated website.
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IMF Executive Board Boosts Access Limits Under PRGT
Washington, DC, December 15, 2023 – The International Monetary Fund (IMF) has taken a significant step to enhance support for its low-income member countries by temporarily increasing access limits under the Poverty Reduction and Growth Trust (PRGT).
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IMF Reaches Agreement with Pakistan on First Review of $3 Billion Stabilization Program
Washington, DC, November 15, 2023 – The International Monetary Fund (IMF) disclosed on Wednesday that it has successfully reached a staff-level agreement (SLA) with Pakistani authorities on the first review of their stabilization program. The program, backed by the IMF’s $3 billion Stand by Arrangement (SBA), aims to bolster Pakistan’s economic stability.
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