Currently browsing : international monetary fund
26th April, 2013
Rs400bn fiscal adjustment likely in next budget
The next fiscal year should see an upfront budgetary adjustment of Rs400bn while the year 2014-2015 over Rs300bn.
The next fiscal year should see an upfront budgetary adjustment of Rs400bn while the year 2014-2015 over Rs300bn.
21st April, 2013
State Bank reserves hit 10-year low
Foreign exchange reserves of State Bank touched a 10-year low mark, raising concerns that it may create problems in repaying the IMF.
Foreign exchange reserves of State Bank touched a 10-year low mark, raising concerns that it may create problems in repaying the IMF.
16th April, 2013
Khoso appoints finance adviser, forms team for IMF talks
“Prime Minister retired Justice Mir Hazar Khan Khoso has appointed Dr Shahid Amjad Chaudhry as adviser finance, in-charge of ministry of finance,” said a notification issued by Prime Minister Secretariat.
“Prime Minister retired Justice Mir Hazar Khan Khoso has appointed Dr Shahid Amjad Chaudhry as adviser finance, in-charge of ministry of finance,” said a notification issued by Prime Minister Secretariat.
4th April, 2013
IMF to give 1bn euros to Cyprus
The International Monetary Fund has agreed to provide one billion euros to the 10bn euro rescue plan for cash-strapped Cyprus.
The International Monetary Fund has agreed to provide one billion euros to the 10bn euro rescue plan for cash-strapped Cyprus.
25th March, 2013
Euro rebounds in Asia on Cyprus bailout deal
Final backing for the deal came after 12 hours of talks between Cypriot President Nicos Anastasiades and the EU, ECB and IMF.
Final backing for the deal came after 12 hours of talks between Cypriot President Nicos Anastasiades and the EU, ECB and IMF.
23rd March, 2013
IMF sees Iraq economy growing by 9pc this year
But the IMF also said Baghdad needs to do more to support private, non-oil business.
But the IMF also said Baghdad needs to do more to support private, non-oil business.
21st March, 2013
Cyprus shuts banks in scramble to secure bailout
Cyprus ordered banks to stay shut for another five days as ministers scrambled Wednesday to draw up a Plan B aimed at securing a bailout .
Cyprus ordered banks to stay shut for another five days as ministers scrambled Wednesday to draw up a Plan B aimed at securing a bailout .
7th March, 2013
Pakistan will need another IMF package, says ADB
Asian Development Bank’s country director Werner Liepach also told Reuters in an interview Pakistan would need up to $9 billion from the IMF to shield the economy.
Asian Development Bank’s country director Werner Liepach also told Reuters in an interview Pakistan would need up to $9 billion from the IMF to shield the economy.
26th February, 2013
Pakistan repays $391.8m to IMF
The payment is the tenth such installment of the loan received from the IMF under an arrangement signed in 2008. Next installment will be due end of May.
The payment is the tenth such installment of the loan received from the IMF under an arrangement signed in 2008. Next installment will be due end of May.
11th February, 2013
Despite concerns, India soon to let corporates into banking
Indian government hopes to reform the banking sector by including these corporate houses, but only with caution.
Indian government hopes to reform the banking sector by including these corporate houses, but only with caution.
8th February, 2013
IMF welcomes moves to increase Pakistan-India trade
The International Monetary Fund has hailed Pakistani and Indian moves to expand bilateral trade, saying it will assist growth prospects.
The International Monetary Fund has hailed Pakistani and Indian moves to expand bilateral trade, saying it will assist growth prospects.
19th January, 2013
IMF insists on reforms and policy changes
IMF linked the future funding for Pakistan to “broadest and deepest” political support for upfront economic reforms and policy changes to prove the govt’s seriousness.
IMF linked the future funding for Pakistan to “broadest and deepest” political support for upfront economic reforms and policy changes to prove the govt’s seriousness.
6th December, 2012
IMF says Bangladesh loan program on track
The International Monetary Fund on Thursday said Bangladesh was making progress with reforms under an IMF loan program and may be eligible for the second aid payment.
The International Monetary Fund on Thursday said Bangladesh was making progress with reforms under an IMF loan program and may be eligible for the second aid payment.
3rd December, 2012
Crisis fears mount as IMF talks tough
KARACHI: Going by the language the International Monetary Fund is using these days, it looks like Pakistan might soon be crying uncle all over again.…
KARACHI: Going by the language the International Monetary Fund is using these days, it looks like Pakistan might soon be crying uncle all over again.…
29th November, 2012
Pakistan needs broader tax base, fewer subsidies: IMF board
Pakistan should reduce subsidies and widen the tax base to tackle the government's bloated budget deficit, the International Monetary Fund's board said on Thursday.
Pakistan should reduce subsidies and widen the tax base to tackle the government's bloated budget deficit, the International Monetary Fund's board said on Thursday.
22nd November, 2012
SBP pays $394m to IMF
“With payment of 7th Installment on 21 Nov 2012, Pakistan to-date has paid SDR 1.644 billion equivalent US$ 2.522 billion to IMF, since Feb-2012,” said Syed Wasimuddin, spokesman of SBP.
“With payment of 7th Installment on 21 Nov 2012, Pakistan to-date has paid SDR 1.644 billion equivalent US$ 2.522 billion to IMF, since Feb-2012,” said Syed Wasimuddin, spokesman of SBP.
15th October, 2012
“Sleeping giantess” takes centre stage at the World Bank-IMF moot
“Under-investing in women not only limits economic and social development, but puts a brake on poverty reduction.”
“Under-investing in women not only limits economic and social development, but puts a brake on poverty reduction.”
14th October, 2012
Emerging nations impatient on stalled IMF reforms
Discontent simmered among growing economies seeking a bigger voice at the IMF as annual talks at the lender were dominated by Europe’s debt crisis.
Discontent simmered among growing economies seeking a bigger voice at the IMF as annual talks at the lender were dominated by Europe’s debt crisis.
5th October, 2012
IMF warns Pakistan economy deteriorating
The International Monetary Fund said the country’s economy faces a return to double-digit inflation as the govt prints money to finance its deficit.
The International Monetary Fund said the country’s economy faces a return to double-digit inflation as the govt prints money to finance its deficit.
9th September, 2012
Economy uncertain as elections loom
Does Pakistan have sufficient reserves to prevent a dramatic slide in the value of the rupee over the course of the next nine to ten months?
Does Pakistan have sufficient reserves to prevent a dramatic slide in the value of the rupee over the course of the next nine to ten months?
