October 06, 2025

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IMF

IMF review begins amid revenue gaps, reform delays

By Afnan Wasif
6 days ago
in :  Featured, headlines, IMF, Latest News, Pakistan, Top Story
0
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ISLAMABAD: An Inter­n­ational Monetary Fund (IMF) mission led by Iva Petrova held a formal kick-off meeting with Pakistan’s economic team, headed by Finance Minister Muha­mmad Aurangzeb, to review the implementation of the $7bn Extended Financing Facility (EFF) and the $1.1bn Resilience & Sustainability Facility (RSF). The programme’s performance as of end-June 2025 — the period under review — has been …

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IMF mission begins review sans finance minister

By Afnan Wasif
1 week ago
in :  Featured, headlines, IMF, Latest News, Pakistan, Top Story
0
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ISLAMABAD: An Inter­national Mone­tary Fund (IMF) review mission began its work simultaneously in Karachi and Islamabad on Thursday, holding discussions with authorities on mixed programme performance without the customary opening engagement with Minister for Finance and Revenue Muhammad Aurangzeb, who is currently on a visit to the United States. Sources said the introductory meeting with Mr Aurangzeb, initially scheduled for …

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PM Shehbaz urges IMF to consider flood impact in next review of Pakistan’s economy

By Afnan Wasif
2 weeks ago
in :  Featured, headlines, IMF, Latest News, Pakistan, Shehbaz Sharif, Top Story, UNGA
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NEW YORK: Prime Minister Shehbaz Sharif on Wednesday stated that Pakistan was steadily meeting its International Monetary Fund (IMF) programme commitments, but urged the lender to take into account the recent flood damage in its upcoming review for the country. The prime minister made the remarks during a meeting with Kristalina Georgieva, managing director of the IMF, on the sidelines …

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Indian meddling falls flat in bid to halt IMF support

By Afnan Wasif
May 10, 2025
in :  Featured, Federal Government, headlines, IMF, India, Latest News, Pakistan, Top Story
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WASHINGTON: Despite Indian attempts to derail Pakistan’s loan programme, the International Monetary Fund (IMF) on Friday approved two major financing arrangements for the country — a $1 billion disbursement under the ongoing Extended Fund Facility (EFF) and a new Resilience and Sustainability Facility (RSF) aimed at supporting climate-related initiatives. The approval unlocks a total of $2.1bn for Pakistan, including the …

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IMF mission urges anti-graft measures to boost investment

By Afnan Wasif
February 15, 2025
in :  Featured, Federal Government, headlines, IMF, Latest News, Pakistan, Top Story
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ISLAMABAD: A visiting IMF mission on Friday called on the president of the Supreme Court Bar Association (SCBA) and chairman of the Pakistan Bar Council’s (PBC) special committee on judicial reforms, and discussed with them a wide range of topics with primary focus on eradicating corrupt practices to create an inclusive environment for attracting foreign investment to Pakistan. The meeting …

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IMF urges Pakistan to cut state intervention as surprise visit concludes

By Afnan Wasif
November 16, 2024
in :  Economy, Featured, Federal Government, headlines, IMF, Latest News, Pakistan, Top Story
Comments Off on IMF urges Pakistan to cut state intervention as surprise visit concludes
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ISLAMABAD: The International Monetary Fund (IMF) has called on Pakistan to reduce state intervention in the economy and strengthen competition, while also stressing the need for urgent energy sector reforms. “Pakistan should take steps to decrease state intervention in the economy and enhance competition, which will help foster the development of a dynamic private sector,” a statement issued by the …

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IMF mission chief meets Finance Minister Aurangzeb over $7bn loan progress

By Afnan Wasif
November 12, 2024
in :  Featured, Federal Government, headlines, IMF, Latest News, Pakistan, Top Story
Comments Off on IMF mission chief meets Finance Minister Aurangzeb over $7bn loan progress
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ISLAMABAD: The International Monetary Fund’s (IMF) Pakistan mission chief Nathan Porter met with Finance Minister Mohammad Aurangzeb in Islamabad on Tuesday to discuss the $7 billion loan performance, a statement from the Finance Ministry said. The meeting comes a day after the opening of an unplanned official visit of the IMF to the country, led by Porter. The unscheduled visit …

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Pakistan seeks $1bn from IMF to address external economic woes

By Afnan Wasif
October 24, 2024
in :  Featured, Federal Government, headlines, IMF, Latest News, Pakistan, Top Story
0
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WASHINGTON: Pakistan is targeting around $1 billion in a formal request for funding from the International Monetary Fund (IMF) facility that helps low and middle income countries manage external shocks, Finance Minister Muhammad Aurangzeb told Reuters. “We have formally requested to be considered for this facility,” Aurangzeb said in an interview on the sidelines of the IMF/World Bank autumn meetings …

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Tax Filers Doubled during Current Fiscal Year: Finance Minister

By Afnan Wasif
September 29, 2024
in :  Economy, Featured, Federal Government, headlines, IMF, Latest News, Pakistan, Top Story
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ISLAMABAD: Finance Minister Muhammad Aurangzeb on Sunday said that tax filers for the current fiscal year had nearly doubled as compared to last year, stating that around 723,000 new filers have registered themselves. On September 20, Prime Minister Shehbaz Sharif approved drastic measures for tax enforcement and compliance, including a ban on all banking and financial transactions for non-filers of …

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Shehbaz Praises Army Chief for Securing IMF Deal

By Afnan Wasif
September 29, 2024
in :  Army, Featured, Federal Government, headlines, IMF, ISPR, Latest News, Pakistan, Shehbaz Sharif, Top Story
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LONDON: Praising the role of the army chief and friendly countries, Prime Minister Shehbaz Sharif on Saturday said the government would expand Pakistan’s tax net and that the “elite must also make sacrifices”. The prime minister made these remarks at a press conference held at the Churchill Hotel in London, where he had a stopover after attending the UN General …

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